DesRosiers says auto sales inch up 0.6 per cent in January from a year earlier
Published February 2, 2022 at 11:12 am
TORONTO — DesRosiers Automotive Consultants says Canadian auto sales inched up 0.6 per cent in January from a year earlier as vehicle shortages caused by semiconductor supply issues continue to weigh on the industry.
The consultancy estimates new light vehicles sales came in at 91,411 units for the month, up from 90,890 in 2021.
DAC says the seasonally adjusted annual rate of sales came in at 1.66 million for the month.
Desrosiers managing partner Andrew King said in the report that while January is the usually the lowest sales month of the year, there is clearly still a discrepancy between market demand and supply.
The auto sector globally has been hit by a shortage of semiconductor chips caused by pandemic-related production issues and a surge in demand for electronics.
In January 2020, there were an estimated 109,616 new light vehicles sold in the month.
Videos
This report by The Canadian Press was first published Feb. 2, 2022.
The Canadian Press
insauga's Editorial Standards and Policies advertising