February New Vehicle Sales Drop

The first two months of 2013 have seen the Canadian new vehicleA vehicle that has not previously been registered and is new from the factory and has been driven very few miles.  sales market slow down, in comparison to 2012’s near record breaking year. February BC sales declined -4.7% from last year, while total sales across Canada declined -3.3%. A number of factors are believed to contribute to this decline, such as the booming election, the return of the PST, and a slowing real-estate market. Nevertheless, even though monthly sales dropped, BC new vehicleA motor vehicle as defined by the Motor Dealer Act and includes some non-motorized trailers.  sales are still up 1.5% for the total 2013 year – better than the national year-to-date of -2.8%.

Source: DesRosiers

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