Auto sales down 11.5 per cent in June from a year earlier
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TORONTO –
DesRosiers Automotive Consultants says Canadian auto gross sales have been down 11.5 per cent in June in contrast with a yr earlier as provide challenges persist.
The consultancy estimates 143,773 new mild automobiles have been offered within the month for the bottom June gross sales because the recession yr of 2009.
The gross sales whole is a notable drop from the 162,500 offered final yr, whereas in 2018 there have been greater than 200,000 automobiles offered within the month.
Andrew King, managing accomplice of DesRosiers, says within the report that “automobile shortages stay extreme and dominate the market surroundings.”
Provide challenges, linked largely to semiconductor chip shortages created by the pandemic, proceed to restrict a rebound in gross sales.
DesRosiers says the seasonally adjusted annual charge of gross sales for June got here in at 1.45 million models, up considerably from the 1.36 million models in Might.
This report by The Canadian Press was first revealed June 4, 2022.
Source: CTV
