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June 14, 2022NEW MOTOR VEHICLE SALES, APRIL 2022 Year-to-date (Jan-Apr 2022 vs Jan-Apr 2021, unadjusted)
In the first four months of 2022, Nova Scotia new motor vehicle unit sales decreased 22.2%. The 11,781 new motor vehicles sold had a sales value of $509.5 million down 19.3% over the first four months of 2021.
National new motor vehicles unit sales decreased 10.4%. The 490,730 new motor vehicles sold in January-April 2022 represent a sales value of $24.25 billion, down 5.8% over January-April of 2021.
Unit sales were down in all provinces, with largest declines in Nova Scotia, Newfoundland and Labrador and Manitoba.
Sales values were down in all provinces, with the largest declines in Newfoundland and Labrador, Nova Scotia and Manitoba.
Year-to-date decline in unit sales and in sales values were slightly faster for passenger cars than for trucks/SUVs.
Trucks and SUVs make up the bulk of the market in Nova Scotia. In January-April, trucks/SUVs accounted for 81.2% of vehicles sold in Nova Scotia and 85.8% of sales values.
North American manufacturers accounted for 71.3% of unit sales and 75.3% of sales values in Nova Scotia during the first four months of the year.
Year-over-year (April 2022 vs April 2021, unadjusted)
Compared with April 2021, Nova Scotia unit sales of new vehicles were down 25.8%. National unit sales were down 13.6% with declines in every province. Newfoundland and Labrador and Nova Scotia reported the largest declines while Ontario had the smallest drop.
The sales values of new vehicles fell 21.2% in Nova Scotia from April 2021 to April 2022. National sales values were down 9.6% with declines in all provinces. Nova Scotia and Newfoundland and Labrador reported the largest declines while Ontario and Saskatchewan had the smallest drops.
Nova Scotia's unit sales and sales values in April 2022 were well below levels typically reported in this month in prior years. The same is true of new motor vehicles across Canada.
Average Prices
The average sale price of a new motor vehicle in Nova Scotia was up 3.8% comparing January-April 2022 with the same months of 2021. National average prices were up 5.0% with increases in all provinces.
The average unit price of a new motor vehicle in Nova Scotia was $43,251 in January-April 2022. This was the third lowest among provinces (after Prince Edward Island and Newfoundland and Labrador). The national average unit price for a new motor vehicle was $49,426 with the highest value in Alberta.
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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