Carmageddon Spreads to Canada

by Wolf Richter
Wolf Street

Sales fall for second year in a row, as car sales collapse further and truck sales barely tick up.

Sales of passenger cars and light trucks in Canada fell 3.7% to 1.91 million vehicles in 2019, the second year in a row of declines, and were down 6.1% from peak-year 2017, according to industry data compiled by Des Rosiers Automotive Consultants:

[…] These sales are new vehicles that dealers delivered to their customers, or that automakers delivered directly to large fleets, such as rental car fleets. Leases are included as dealers sell these units to leasing companies which then lease them to the customer.

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