Latest news with #DesRosiers
CTV News
03-07-2025
- Automotive
- CTV News
June auto sales up from last year but show declining momentum: report
New cars, left, are parked at a car dealership on Friday, Oct. 11, 2024 in Quebec City. THE CANADIAN PRESS/Jacques Boissinot TORONTO — DesRosiers Automotive Consultants says June vehicle sales were up from a year earlier but still showed declining momentum. The consultancy says it estimates there were 178,000 light vehicle sales in the month, up 5.3 per cent from a weak June last year. It says however that sales for the month are still down notably from previous highs for the month, including volumes above 200,000 a month in 2017 and 2018. The June sales figure also projects to a seasonally adjusted annual rate of 1.81 million units, the lowest so far this year. DesRosiers managing partner Andrew King says in a statement that the sales total shows continued slowing momentum in recent months compared with a strong start to the year. The consultancy says economic concerns over a trade war with the U.S., along with rising unemployment and declining GDP, mean the market performance was about as good as could be expected. --- This report by The Canadian Press was first published July 3, 2025.
Hamilton Spectator
04-06-2025
- Automotive
- Hamilton Spectator
Auto sales up 7.9% in May, market remains resilient in face of tariffs: DesRosiers
DesRosiers Automotive Consultants Inc. says the auto market remained resilient last month as sales were up 7.9 per cent year-over-year despite trade disruptions in the auto industry. The firm estimates 187,000 units were sold in May, with the month having an extra day of sales for car dealers, compared with May 2024. DesRosiers adds the numbers still don't match pre-pandemic levels when sales between 2017 and 2019 were consistently above 200,000 units — and May being the largest sales month in each of those years. However, looking at the current climate of economic and trade uncertainties, it says the May results were still solid. On-again, off-again tariff threats to the auto parts sector and manufacturers from U.S. President Trump have brought uncertainties for the industry in recent months. Looking ahead, DesRosiers says there's a growing concern over the impact of Canadian counter-tariffs as pre-tariff vehicle inventory rapidly dries up. This report by The Canadian Press was first published June 4, 2025.
Winnipeg Free Press
04-06-2025
- Automotive
- Winnipeg Free Press
Auto sales up 7.9% in May, market remains resilient in face of tariffs: DesRosiers
DesRosiers Automotive Consultants Inc. says the auto market remained resilient last month as sales were up 7.9 per cent year-over-year despite trade disruptions in the auto industry. The firm estimates 187,000 units were sold in May, with the month having an extra day of sales for car dealers, compared with May 2024. DesRosiers adds the numbers still don't match pre-pandemic levels when sales between 2017 and 2019 were consistently above 200,000 units — and May being the largest sales month in each of those years. However, looking at the current climate of economic and trade uncertainties, it says the May results were still solid. On-again, off-again tariff threats to the auto parts sector and manufacturers from U.S. President Trump have brought uncertainties for the industry in recent months. Monday Mornings The latest local business news and a lookahead to the coming week. Looking ahead, DesRosiers says there's a growing concern over the impact of Canadian counter-tariffs as pre-tariff vehicle inventory rapidly dries up. This report by The Canadian Press was first published June 4, 2025.
Yahoo
04-06-2025
- Automotive
- Yahoo
Auto sales up 7.9% in May, market remains resilient in face of tariffs: DesRosiers
DesRosiers Automotive Consultants Inc. says the auto market remained resilient last month as sales were up 7.9 per cent year-over-year despite trade disruptions in the auto industry. The firm estimates 187,000 units were sold in May, with the month having an extra day of sales for car dealers, compared with May 2024. DesRosiers adds the numbers still don't match pre-pandemic levels when sales between 2017 and 2019 were consistently above 200,000 units — and May being the largest sales month in each of those years. However, looking at the current climate of economic and trade uncertainties, it says the May results were still solid. On-again, off-again tariff threats to the auto parts sector and manufacturers from U.S. President Trump have brought uncertainties for the industry in recent months. Looking ahead, DesRosiers says there's a growing concern over the impact of Canadian counter-tariffs as pre-tariff vehicle inventory rapidly dries up. This report by The Canadian Press was first published June 4, 2025. The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
