• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

My Newsroom - powered by Martin Charlton Communications

Saskatchewan's Trusted News Source - powered by Martin Charlton Communications

  • Facebook
  • LinkedIn
  • Twitter
  • Home
  • Construction
  • Agriculture
  • Economy
  • Healthcare
  • Engineering
  • Sports
  • Business Blogs
  • About
pexels-photo-2301228

My Newsroom / October 16, 2020

At Last….Car Dealers Have Something to Smile About

It’s been a long time coming.

August was a good month – a really good month – for motor vehicle dealers in our province. After more than a year of year-over-year sales going down, August brought a turnaround….more new units left dealer lots in August of this year than last.

Now, the increase was not large – only two units more than in August of 2019 – but it marked a significant reversal of a trend that had become deeply entrenched over the last 18 months. During that time, consumers in this province were shying away from buy new – opting instead to hold on their existing vehicles or to replace them with used product.

The gap between this year and a year ago was generally running in the range of 10-percent fewer new vehicles being purchased. In most months that averaged around 400 units.

So when this year’s August figures came out, they marked a significant improvement with an additional 600 new vehicles changing hands when compared to just a month earlier, a sign that consumer confidence growing stronger.

Source: https://www150.statcan.gc.ca/t1/tbl1/en/cv.action?pid=2010000101

Share this:

  • Facebook
  • LinkedIn
  • Twitter

Filed Under: Economy Tagged With: automotive, economy

My Newsroom

The latest news in your inbox

Receive email updates from MyNewsroom and Martin Charlton Communications, including daily Paul Martin Commentaries.

Sign up

Primary Sidebar

The latest news in your inbox

Receive email updates from MyNewsroom and Martin Charlton Communications, including daily Paul Martin Commentaries.

Sign up

Featured

photo-of-man-wearing-yellow-jacket-3184320

Hire a journalist, not a janitor.

January 27, 2021 By MyNewsroom

NEW_cibc_logo

Sask Economy to Lag Other Provinces: CIBC Capital Markets

January 27, 2021 By MyNewsroom

pexels-photo-919436[1]

Lockdowns Shape Consumer Spending

January 25, 2021 By MyNewsroom

Footer

wetellyourstories.ca & mynewsroom.ca powered by
Martin Charlton Communications – Tel: 306 584 1000

Add your stories to mynewsroom

Connect with us

  • Facebook
  • LinkedIn
  • Twitter

© 2021 · mynewsroom.ca