TORONTO — DesRosiers Automotive Consultants says July sales bounced back after a flat performance a month earlier when dealerships were dealing with a major software outage.
The consultancy estimates light vehicle sales in July were up 11 per cent from 2023 levels.
The agency adds a year-over-year jump in July sales was expected as July 2023 was not a great month for vehicle sales.
DesRosiers says, overall, sales came in at 161,000 units, still considerably lower than pre-pandemic levels when typical sales ranged between 170,000 and 185,000 units.
Andrew King, managing partner of DesRosiers, says July performance varied widely by vehicle company, with some automakers recording a decline in sales while others saw a surge.
DesRosiers says it will be watching August sales closely for signs of stability in the marketplace.
This report by The Canadian Press was first published Aug. 2, 2024.
