The consultancy estimates 143,773 new light vehicles were sold in the month for the lowest June sales since the recession year of 2009.
The sales total is a notable drop from the 162,500 sold last year, while in 2018 there were more than 200,000 vehicles sold in the month. Andrew King, managing partner of DesRosiers, says in the report that “vehicle shortages remain severe and dominate the market environment.” Supply challenges, linked largely to semiconductor chip shortages created by the pandemic, continue to limit a rebound in sales.
DesRosiers says the seasonally adjusted annual rate of sales for June came in at 1.45 million units, up somewhat from the 1.36 million units in May.
No inventory. I don't know how dealerships are keeping the lights on.
High interest rates on loans and leases don’t help either… some companies have lease rates as his as 8% for a new vehicle…
Well, it’s hard to buy a car when there are no cars. Trying to buy a new hybrid or electric and the wait is up to 3 years! How’s the stats when you separate new and used?
Few things going on there . Low inventory and part shortage , inflation - necessities so high people don’t have the extra funds to finance or buy new cars
Only cause manufacturers can’t get parts to fill orders.Nothing to do with demand
Just try to buy a new car...none available for months forget about the gas!
Where are these ppl buying their cars? Dealer lots are all empty here in SW Ontario.
There is no vehicle at the dealership.Maybe that’s why .
Gas Prices and Whatever? Wake UP all People
They need to increase the horsepower too a least 800 per engine .
Too bad , Experts say .
Unless one has the money and is determined to buy an electric vehicle, there are too many good reasons to not buy a new vehicle.
Maybe because people can't afford food or rent
Order my 2022 truck but it comes in early 2023. 🤔
If sales are down, prices will go up similar to the narratives that have been floated for housing market🤔🤔💀💰 less inventory High demand Supply shortage Chip shortage
No wonder they have no cars to sell!!!
Still too many cars. Fewer sales the better. Time to drop the price for new and buy old.
I put down a deposit and was told 3-4 months. Two months in and still waiting for a date when the car will be assembled. Idk how many people can wait that long if they need a new car. And the used market is way over priced because of it. Im suprised it's only down 11%
Canadians may have to get used to booking a vehicle and wait for 6 months. Hope the chip shortage will resolve soon
Probably because there r no cars to buy
Are people finally wising up to the fact that you dont borrow money to buy cars? They depreciate like a rock. Ask yourself, can you afford a $20,000 depreciation loss? No? Buy a used Toyota cash.
Yea that would happen when there is no inventory.
None to buy
Maybe it has something to do with the lack of production due to covid and part shortages. I know I was looking, but was told it could be a year or more to get the car I wanted.
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