Canadian auto sales in 2022 end up at 1.51 million, the lowest in 20 years and a 7.6% decrease from the prior year. Demand in December grows for the first month of the year, totaling 117,023 new registrations (+7.3%).
Market trend and Outlook
In 2022 the Canadian vehicle market totals 1.51 million sales, the lowest in the past 20 years and a 7.6% decrease from the prior year. Indeed, December reported the first positive month of the year, accumulating 117,023 new registrations (+7.3%).
Looking at data from 2022 brand-wise, the leader Ford with 232,709 registrations is still able to keep sales relatively flat compared to the previous year (-1.8%).
In 2nd place Toyota with 175,181 is losing -11.8% followed in 3rd by Chevrolet with 114,436 sales (+20.8%).
The Korean manufacturer Hyundai ranks in 4th, with 112,559 sales and a -11.1% in year-on-year performance.
Honda falls into 5th with 91,882 sales (-30.0%), followed by GMC with 87,133 (+8.8%), RAM with 81,483 (+5.8%), Nissan with 70,965 (-23.1%), Kia with 68,258 (-13.8%) and in 10th place by Jeep with 60,266 sales(+9.2%).
Tables with sales figures
In the tables below we report sales for all Brands and top 10 Groups.