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September 15, 2020NEW MOTOR VEHICLE SALES, JULY 2020 Unit sales and sales value (Jul20 vs Jul19)
Nova Scotia new motor vehicles unit sales decreased 8.5% compared to Jul19. The 4,210 new motor vehicles sold in Jul20 had a sales value of $165.5 million, down 5.7% from Jul19.
Canada's new motor vehicles unit sales decreased -10.5% over Jul19. The 158,678 new motor vehicles sold in Jul20 had a sales value of $6.9 billion, down 7.9% over from Jul19.
Unit sales were down in 8 of 10 provinces, with the largest declines in British Columbia and Saskatchewan. Unit sales were up in Newfoundland and Labrador and Quebec.
Sales values were down in 8 of 10 provinces, with the largest declines in British Columbia and Prince Edward Island. Sales values were up in Newfoundland and Labrador and Quebec.
After large year-over-year declines from March to June, July new motor vehicle sales decreases (measured in units and sales value) are within the range of year-over-year variations for both Nova Scotia and Canada.
Average Prices (Jul20 vs Jul19)
Nova Scotia's average unit prices for new motor vehicles increased by 3.1 per cent. National unit prices were up 2.9 per cent. The strongest gains were reported in Saskatchewan and Quebec. Prince Edward Island reported lower average unit prices.
Average unit prices were $39,317 for all new motor vehicles sold in Nova Scotia during July. Truck/SUVs had an average unit price of $42,157 while passenger cars had an average unit price of $29,930.
Country of Manufacture (Jul20 vs Jul19)
Nova Scotia unit sales of North American manufactured new motor vehicles (69.9% of unit sales) decreased 13.9% from Jul19. Unit sales from overseas manufacturers increased by 7.1%.
Nova Scotia sales value of North American manufactured new motor vehicles (72.9% of sales value) declined 9.6% compared to Jul19. Sales value of overseas manufacturers increased by 6.7%.
Passenger Cars and Trucks/SUVs (Jul20 vs Jul19)
Nova Scotia unit sales of trucks/SUVs (76.8% of unit sales) decreased 0.9% from Jul19. Unit sales of passenger cars decreased 27.1%.
Nova Scotia sales value of trucks/SUVs (82.3% of sales value) declined 0.6% compared to Jul19. Sales value of passenger cars fell by 23.8%.
During the COVID-19 pandemic, comparisons of year-to-date averages and sums do not show Nova Scotia’s rapidly changing economic situation. The DailyStats will focus on year-over-year comparisons, comparing one month with the same month in the prior year. Where possible the DailyStats will make comparisons of seasonally adjusted data from the pre-COVID-19 period (January and February 2020) with the period during which COVID-19 measures were in place from March 2020 onwards.
Source: Statistics Canada. Table 20-10-0001-01 New motor vehicle sales
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