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Western Canada to drive car sales

Published by Steve Coleman on January 30, 2012

A Scotiabank economic report is predicting a good year for Canadian car sales.

While Canadian sales hit rock bottom at less than 1.2 million units in 2009, economists predict sales could rebound to 1.605 million units in 2012. It would make this year the fifth-highest annual total on record if it comes to pass.

The growth spurt in Alberta's and Saskatchewan's resource sectors will continue to lead Canada in new car and light truck sales. Commodity prices posted double-digit gains in the last two years and prices expected to remain high in 2012 with global economic growth predictions of around 3.5 per cent for the year.

More mineral production in Saskatchewan helped push new vehicle sales up by 7 per cent last year
"We expect Saskatchewan to be the only province to post record car and light truck sales in 2012, with purchases climbing to 51,000 units, up from 50,000 last year and an average of 43,000 per annum over the last decade," the report says. "Ongoing mineral expansion, as well as solid gains in farm incomes will bolster purchases."

Manitoba's new vehicle market drove ahead six per cent last year and could reach 48,000 units in 2012.

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Alberta British Columbia
Manitoba New Brunswick
Newfoundland & Labrador Nova Scotia
Ontario Québec
Prince Edward Island Saskatchewan