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Motor Vehicle Sales

Main Indicator: New Motor Vehicle Sales

Most Recent Release

May
16th, 2008
Actual Forecast Previous Revised Form
-0.5% 0.0% -3.2% N/A

For March
Provided by: Statistics Canada
Official Release: News Release

From the Release: "Despite a slight decline in March, sales of new motor vehicles closed the first quarter of 2008 with their strongest gain since 1998. According to seasonally adjusted data from the New Motor Vehicle Sales Survey, consumers purchased 148,796 new vehicles in March, down 0.5% from February. Sales of both passenger cars and trucks declined more slowly in March compared with February. Sales of new trucks (which include minivans, sport-utility vehicles, light and heavy trucks, vans and buses) fell 0.6% while passenger car sales slipped 0.3%. Looking ahead, preliminary industry data for April suggests that the number of new motor vehicles sold will remain relatively unchanged."

Table of Past Data

8/159/1810/1511/1412/171/142/153/174/145/16
Actual-1.2%-2.7%2.8%-2.1%-1.4%-2.9%4.8%8.2%-3.2%-0.5%
Forecast-1.0%-2.9%2.9%-2.0%-2.0%-0.9%2.8%6.2%-1.5%0.0%
Previous-0.8%-1.7%-2.7%2.7%-2.1%-1.4%-2.7%4.8%8.2%-3.2%
Revised FromN/A-1.2%N/A2.8%N/AN/A-2.9%N/AN/AN/A

Past Releases

April
14th, 2008
Actual Forecast Previous Revised Form
-3.2% -1.5% 8.2% N/A

For February
Provided by: Statistics Canada
Official Release: News Release

From the Release:

"The number of new motor vehicles sold fell 3.2% in February, after two months of very strong growth. New motor vehicle sales had recovered in December and January, following a downward trend in the second half of 2007.According to seasonally adjusted data from the New Motor Vehicle Sales Survey, consumers purchased 149,439 new vehicles in February, down 5,003 units from the previous month. Almost three-quarters of this decline was in Ontario.

Looking ahead, preliminary industry data for March suggest that the number of new motor vehicles sold will remain relatively unchanged.

Sales of both passenger cars and trucks declined in February. Sales of new trucks (which include minivans, sport-utility vehicles, light and heavy trucks, vans and buses) slumped 4.7% to 68,811 units. This drop follows the sharp increase in sales in December that was maintained in January."

 

 

March
17th, 2008
Actual Forecast Previous Revised Form
8.2% 6.2% 4.8% N/A
For January
Provided by: Statistics Canada
Official Release

"Sales of new motor vehicles began 2008 with the strongest month-to-month growth in two and a half years. Seasonally adjusted data from the New Motor Vehicle Sales survey show that 153,231 units were sold in January, up 8.2% from December. This was the largest monthly growth since June 2005 when sales grew 8.9%."

February
15th, 2008
Actual Forecast Previous Revised Form
4.8% 2.8% -2.7% -2.9%

For December
Provided by: Statistics Canada
Official Release

"Sales of new motor vehicles rebounded in December after three months of declines. Despite a downward trend in the second half of 2007, there were more new motor vehicles sold in 2007 than in 2006.

Seasonally adjusted data from the New Motor Vehicle Sales Survey show that 140,270 new vehicles were sold in December. The rate of increase in sales in December was 4.8%, which follows six declines in the previous seven months of 2007.

Fourth quarter sales declined 2.3% with 411,602 units sold. Sales of passenger cars declined 6.3% in the fourth quarter of 2007, while truck sales were up 1.9%.

Preliminary industry data suggest that new motor vehicle sales will show strong growth in January, mainly due to passenger car sales.

With a growth rate of 7.7%, the final month of 2007 saw the year's largest growth in truck sales, totaling 71,977 units (which include minivans, sport-utility vehicles, light and heavy trucks, vans and buses). Sales of passenger cars grew a respectable 2.0% in December to 68,293 units."

 

January
14th, 2008
Actual Forecast Previous Revised Form
-2.9% -0.9% -1.4% N/A
For November.
Official Release from Statistics Canada.

Sales of new vehicles declined in November, on the back of a 4.0% decline in new truck sales. It was the sixth time in seven months that vehicles sales declined and continued a downward trend that began in the latter half of 2007.
December
17th, 2007
Actual Forecast Previous Revised Form
-1.4% -2.0% -2.1% N/A
For October
Release from Statistics Canada

Motor vehicle sales dipped for a second straight month in October, although not as sharply as in September. The decline was driven by a 4.9% decrease in passenger car sales.
November
14th, 2007
Actual Forecast Previous Revised Form
-2.1% -2.0% 2.7% 2.8%
For September.
October
15th, 2007
Actual Forecast Previous Revised Form
2.8% 2.9% -2.7% N/A
For August.

Sales of motor vehicles increased by 2.8% in August, partially offsetting three months of declines, reports Statistics Canada. Strong trucks sales (+4.9%) accounted for almost 85% of the increase. Passenger cars edged up 0.8%. Also, two provinces, Ontario and Quebec accounted for almost 95% of the increase in car sales.
September
18th, 2007
Actual Forecast Previous Revised Form
-2.7% -2.9% -1.7% -1.2%
Motor vehicle sales posted a third straight month of declines, posting a 2.7% decrease in July. Sales of both passenger cars and trucks fell 2.7% in July, Statistics Canada said. Preliminary data for August suggests that the indicator will show 3% growth.
August
15th, 2007
Actual Forecast Previous Revised Form
-1.2% -1.0% -0.8% N/A

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