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Canadian auto sales surge nearly 52 per cent in Q2 after small increase in June
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Canadian auto sales surge nearly 52 per cent in Q2 after small increase in June - Business News
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Light truck sales rose 53.5 per cent to 380,682 while passenger cars were up 45.5 per cent to 98,035.
Total light-vehicle sales rose 3.9 per cent in June to 162,501 units, but was still down 12.4 per cent from the pre-pandemic June 2019 total of 185,496 units.
The seasonally adjusted annual rate of sales climbed modestly to 1.65 million after two months of decline, said managing partner Andrew King.
He said a change in the market direction could help start a recovery that will build momentum through the summer. After the false dawn of fall 2020 we’ve learned not to get too excited and ahead of ourselves. However, June definitely was a step forward from a dismal May and a stronger month for the market, stated King.