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Posted:05/22/2009 Car Sales Commentary, Jan to Mar 2009 Next due: Aug 19, 2009
Car Sales | CPI | Investment | Labour Markets | Oil Production | Population | Retail Sales  [back to main]


Car Sales Down 26.5% in First Quarter 2009  

New motor vehicle sales totalled 4,547 in the first quarter of 2009, representing a decrease of 27.3% over the same period of 2008. The decline in sales is significant, however, it should be noted that sales in 2008 were at an exceptionally high level. Car sales in the first quarter of 2009 are similar to those in the first quarter of years prior to 2008 (see chart). Over the five year period from 2003-2007 January to March car sales averaged 4,480.

The value of car sales and leases was $127 million in the first quarter of 2009, down 24.6% over the same period of 2008.  

National

Canada as a whole also recorded a significant decline (-22.0%) in car sales in the first quarter of 2009. The value of national car sales decreased by 22.7% over the January to March 2008 period

 

New Motor Vehicle Sales
Newfoundland and Labrador
 
Source: Statistics Canada

 
Statistical Reference: Statistics used in this analysis were current at the time of writing. For the latest in car sale statistics visit the Newfoundland & Labrador Statistics Agency site and check the release dates on the Statistics Canada site.

Economic Research & Analysis Division, Department of Finance - (709) 729-3255 - infoera@gov.nl.ca



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