Albeit in small volumes, Genesis sales increased 341.2% in October in Canada.
According to local consultancy Desrosiers Automotive, the Canadian new light vehicle market is expected to decline -17.7% year-on-year in October to 128,419 units. Although slightly lower than the -19.6% decline from SeptemberThis is the second largest monthly decline this year and the weakest October tally since 2011. The seasonally adjusted annualized rate of sales fell to a tepid 1.57 million. The year to date count now stands at 1,425,031, up 8% over the same period in 2020. Due to the persistent shortage of microchips and manufacturing problems, we have reduced our Canada forecast 2021 slightly down to 1.63 million units (+ 4.6%).
For now, only group and brand data is available for manufacturers who still share monthly sales. Hyundai-Kia (-11.5%) holds up well and overtakes Toyota Motor (-27.4%) and Honda Canada (-27.6%) in difficulty. As for brands, Toyota (-31.9%) sells more despite a drastic drop, while Hyundai (-5.9%) is the best-performing among the major automakers. Honda (-30.4%) swerves as well as Kia (-26.1%) and Mazda (-24.6%) but Subaru (-10.5%) holds. The last three (smaller) all-round luxury brands: Genesis is up 341.2% year-on-year thanks to its two new SUVs, while Lexus (+ 11.8%) manages double-digit progression and Acura (- 1.9%) considerably limits its fall.
Full October 2021 sales for 5 select groups and 9 brands below.
Canada October 2021 – groups:
|Group||October-21||/ 20||2021||/ 20|
|Toyota Motor Co.||15,319||-27.4%||199,272||30.7%|
Canada October 2021 – brands:
|fire||October-21||/ 20||2021||/ 20|
Source: producers, DesRosiers, ANDC