Wednesday, July 2, 2025

Canadian Vehicle Sales Drop 17.4% in January Amid Supply Shortages, Lockdowns

Auto sales in Canada declined for the month of January, after further Covid-19 lockdowns and supply shortages hampered car and truck sales.

According to DesRosiers Automotive Consultants, there were a total of 90,890 cars and trucks sold in January, amounting to a 17.4% year-over-year decline. The fall in Canadian vehicle sales is a significant change from the same month a year prior, which was the fourth best January on record. With many regions across Canada facing some form of tightened Covid-19 restrictions, coupled with inventory constraints, DesRosiers managing partner Andrew King suggests that the decline in last month’s sales does not come as a surprise.

As noted earlier, a global semiconductor shortage has plagued vehicle manufacturers recently, causing production shortcomings at several European and North American car and truck plants. On Wednesday, GM announced that it will be scaling back production during the week of February 8 at four of its factories, including its plant in Ingersoll, Ontario. The American automaker cites chip shortages as the reason behind the reduction in output, and as result will instead focus on building its most profitable models for the time being.

Nonetheless, DesRosiers says that despite the January sales decline, light trucks surged in popularity across Canada, accounting for 84.6% of total vehicle sales.


Information for this briefing was found via DesRosiers Automotive Consultants. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Canadian Retail Sales Reported Declines Across all Subsectors Amid Coronavirus Pandemic

Recent data compiled by Statistics Canada provides a more detailed extent of the economic damage...

Sunday, June 21, 2020, 03:28:04 PM

Liberal Government Unveils Further Stimulus Spending as Canada’s 2020 Deficit Nears $400 Billion

Canada’s Liberal government, which is currently pushing the largest 2020 deficit spike compared to all...

Tuesday, December 1, 2020, 10:10:23 AM

Toronto Tops New Index Of Highest Housing Bubble Risk In The World

All bubbles burst eventually, said this writer when the Canadian housing market boomed in 2020....

Monday, October 17, 2022, 02:20:00 PM

Union Leader Accuses Bank Of Canada Governor Tiff Macklem Of Waging A Class War

“The medicine that the Bank has, with respect to inflation, is causing a lot of...

Tuesday, November 15, 2022, 05:57:00 PM

Canadian Retail Sales Plummeted in April Amid Third Wave of Covid-19 Restrictions

Retail sales across Canada were sent plunging downwards at the beginning of the second quarter,...

Wednesday, June 23, 2021, 04:51:00 PM