It is starting to look like we’re finding something of a rhythm in our approach to replacing vehicles as we Re-Open after the COVID lockdown.
When the lockdown hit in mid=March, not surprisingly we put plans for buying a new car or truck on hold. The number of units leaving dealer lots in Saskatchewan dropped from 3,500 in February to 2,400 in March. By April that had fallen a further 600 to just over 1,800 units.
But, as we began to settle into the new world of a lockdown we slowly returned to our old ways and May sales rebounded nicely to more than 2,500. And that trend continued through June as the number of transactions steadily increased, growing by more than 1,000 units which represents growth of more than 40 percent.
We have now received July’s figures and they levelled out, comparable to June’s figures suggesting we may have recaptured the lost momentum brought on by the lockdown. And, while we’re still tracking about 800 units a month behind last year, that may not be COVID related as we were already showing signs of holding on to our existing vehicles longer and new unit sales were falling.