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September 15, 2021NEW MOTOR VEHICLE SALES, JULY 2021 With July reference month, year-over-year (July 2021 vs July 2020) and year-to-date (Jan-Jul 2021 vs Jan-Jul 2020) show rebounds in economic activity from the unprecedented declines observed in the first wave of the COVID-19 pandemic.
Year-to-date (Jan-Jul 2021 vs Jan-Jul 2020, unadjusted)
In the first seven months of 2021, Nova Scotia new motor vehicle unit sales increased 35.1%. The 28,062 new motor vehicles sold had a sales value of $1.16 billion, up 40.0% over Jan-Jul 2020.
National new motor vehicles unit sales increased 23.4%. The 1,028,790 new motor vehicles sold in Jan-Jul 2021 represent a sales value of $48.2 billion, up 28.0% over Jan-Jul 2020.
Unit sales were up in all provinces with the largest increases in Prince Edward Island and Nova Scotia, and with smallest increases in Ontario and Saskatchewan.
Sales values were up in all provinces with the largest increases in Prince Edward Island and Nova Scotia, and with the smallest increases in Ontario and Alberta.
Year-to-date growth in unit sales and sales values were both faster for trucks/SUVs than for passenger cars. Unit sales and sales values grew more quickly for overseas manufacturers than for North American manufacturers.
After growing for several years, trucks/SUVs accounted for 78.6% of Nova Scotia's unit sales of new motor vehicles (Jan-Jul21) and 84.3% of sales values. Passenger cars accounted for 21.4% of unit sales and 15.7% of sales value.
The share of Nova Scotia's new vehicle sales accounted for by North American manufacturers has been falling slowly. North American manufacturers accounted for 72.0% of Nova Scotia's new motor vehicles unit sales (Jan-Jul21) and 75.4% of sales values. Overseas manufacturers accounted for 28.0% of unit sales and 24.6% of sales value.
Year-over-year (July 2021 vs July 2020, unadjusted)
Nova Scotia's unit sales of new motor vehciles increased 8.0% year-over-year. Sales values were up 15.3%.
National unit sales were down 6.9% with declines in all provinces except Prince Edward Island, British Columbia and Nova Scotia. The largest declines were observed in Newfoundland and Labrador and Quebec.
National new motor vehicle sales values were down 1.4% with declines in all provinces except Prince Edward Island, British Columbia and Nova Scotia. The largest declines were observed in Newfoundland and Labrador and Quebec.
Average Prices (Jan-Jul 2021 vs Jan-Jul 2020)
The average sale price of a new motor vehicle in Nova Scotia was up 3.7% year-to-date. National average prices were up 3.8% with increases in all provinces.
Average new motor vehicle sale prices were $41,324 (Jan-Jul21) in Nova Scotia. National average prices for a new motor vehicle were $46,804; the highest average prices were reported in Alberta and lowest in Newfoundland and Labrador.
Year-to-date average prices were notably higher for trucks/SUVs than for passenger cars. Average prices were also higher for North American manufacturers than for overseas manufacturers.
Source: Statistics Canada. Table 20-10-0001-01 New motor vehicle sales
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