New light vehicle sales in Canada were down 2.0 percent in August.
This represents the first time since early 2013 that there has been two consecutive months of year-over-year declines. A total of 172,034 new vehicles were sold last month, down 3,478 units from 2015 (175,512 units).
Despite the softness observed in both July and August 2016 sales, the country as a whole is still on pace to achieve another sales record by the end of the year. As it stands, falling short of a new record in December would require each month from September to December to see an almost 12,000 unit shortage relative to their 2015 figures.
From a brand perspective niche players smart (up 327.3 percent) and Jaguar (up 221.7 percent) have seen the biggest growth followed by Subaru (up 34.8 percent). Volkswagen (down 23.0 percent), FCA (down 19.7 percent) and Mitsubishi (down 11.4 percent) on the other hand witnessed the biggest declines in year-over-year comparisons.
Detailed information regarding the changes made to FCA’s sales history is currently unavailable and as such the data presented shows FCA’s latest sales calculated by their new methodology while the sales history is still calculated under the old methodology. DesRosiers will review the situation once this aforementioned information is released for analysis.