Canadian new car retail sales top $90 billion for first time

According to DesRosiers Automotive Consultants, automotive retail sales in Canada have seen a notable improvement since the 2008/9 downturn. Both new car dealers and gasoline stations recorded all-time records in 2013 at $90.4 billion and $60.2 billion respectively.

Compared to four years ago, both outlets have enjoyed continual growth with new car dealers up 33.9 percent over 2009 ($67.5 billion) and gasoline stations up 37.9 percent relative to 2009 ($43.7 billion).   Looking specifically at 2013, new car dealers saw retail sales rise 6.2 percent as new vehicle sales hit an all-time record, and parts and service activity remained strong.  A more modest 0.8% gain was experienced by gasoline service stations, as average gas prices showed limited change on a year over year basis.

www.desrosiers.ca