The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
July 15, 2022NEW MOTOR VEHICLE SALES, MAY 2022 Year-to-date (Jan-May 2022 vs Jan-May 2021, unadjusted)
In the first five months of 2022, Nova Scotia new motor vehicle unit sales decreased 16.3%. The 15,752 new motor vehicles sold had a sales value of $692.2 million down 11.8% over the first five months of 2021.
National new motor vehicles unit sales decreased 8.9%. The 642,681 new motor vehicles sold in January-May 2022 represent a sales value of $31.99 billion, down 2.8% over January-May of 2021.
Unit sales were down in all provinces, with largest declines in Newfoundland and Labrador and Prince Edward Island. The smallest decline was in Ontario.
Sales values were down in all provinces except Ontario. The largest declines in Newfoundland and Labrador and Prince Edward Island.
Year-to-date decline in unit sales and in sales values were slightly faster for passenger cars than for trucks/SUVs and faster for oversease manufacturers than for Borth American manufacturers.
Trucks and SUVs make up the bulk of the market in Nova Scotia. In January-May, trucks/SUVs accounted for 81.0% of vehicles sold in Nova Scotia and 85.9% of sales values.
North American manufacturers accounted for 72.4% of unit sales and 76.5% of sales values in Nova Scotia during the first five months of the year.
Year-over-year (May 2022 vs May 2021, unadjusted)
Compared with May 2021, Nova Scotia unit sales of new vehicles were up 6.7%. National unit sales were down 4.9% with declines in six provinces. Manitoba and Nova Scotia reported the largest increases while Newfoundland and Labrador had the steepest decline.
The sales values of new vehicles rose 17.5% in Nova Scotia from May 2021 to May 2022. National sales values were up 6.7%% with gains in seven provinces. Nova Scotia and Manitoba reported the largest increases while Newfoundland and Labrador and Prince Edward Island had the biggest drops.
Nova Scotia's unit sales and sales values in May 2022 were well below levels typically reported in this month in prior years, though unit sales and sales values were up from May 2021 to May 2022.
Across Canada, national unit sales of motor vehicles were down from May 2021 to May 2022, but sales values were up. Both unit sales and sales values across Canada remain below May levels from pre-pandemic periods.
Average Prices
The average sale price of a new motor vehicle in Nova Scotia was up 5.4% comparing January-May 2022 with the same months of 2021. National average prices were up 6.7% with increases in all provinces led by New Brunswick.
The average unit price of a new motor vehicle in Nova Scotia was $43,941 in January-May 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 $49,779 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 (whose average unit sales values have contracted so far this year).
Source: Statistics Canada. Table 20-10-0001-01 New motor vehicle sales
<--- Return to Archive
