- Staff
- #1
- Joined
- Oct 21, 2006
- Messages
- 48,008
- Reaction score
- 32,148
- Location
- Edmonton/Sherwood Park
- Website
- www.bumpertobumper.ca
2020 Recap
2020 Vehicle Brand Highlights
Canada Registrations by Model Year – 2019
Average Age Passenger Car/Light Truck Comparison
- Q4 finished overall with 392,162 units sold, down 5.1% from 413,402 units sold in Q4 2019
- Passenger car sales continued the trend downwards, decreased 23.3% with 71,316 units sold, down from 92,956 units in 4 2019
- Light trucks rose from 320,446 to 320,846 units sold for Q4
- By the end of 2020, total new light vehicle sales decreased 19.7% down from 1.91 million to 1.54 million units sold
- Passenger cars sales dropped significantly, down 36.3% from 484,687 to 308,593 units sold
- Light trucks sales decreased 14.1%, from 1.43 million to 1.23 million units sold
- Light truck sales accounted for nearly 80% of total new light vehicle sales in 2020, will passenger car sales approximately 20% - compared to 74.7% light trucks and 25.3% passenger cars, respectively, in the previous year
2020 Vehicle Brand Highlights
- Genesis noted sales down 4.1% for the year
- Kia performed similarly with total sales for the year down 5.5%
- Volvo and Subaru, experienced single-digit losses for the year at 9.3% and 9.4%, respectively
- Genesis recorded 96.5% sales growth in Q4 2020 compared to its overall year in sales
- Volvo (+13.6%) and Kia (+12.3%) also saw sales growth in Q4 2020
- Continuing the sales growth in Q4 2020 were Mazda (+7.6%), GM (+7.1%) Subaru (+6.0%) and FCA (+4.7%)
- Q4 2020 sales decreases were recorded by Hyundai (-1.8%), Ford (-9.7%) and Honda (-9.9%)
- Double-digit Q4 2020, sales decreases were notable by:
- Porsche (-10.0%),
- Land Rover (-10.5%),
- Lexus (-13.6%),
- Audi (-15.3%),
- BMW (-17.4%),
- Mercedes-Benz (-19.0%),
- Acura (-21.8%),
- Nissan (-31.8%),
- VW (-27.7%),
- Infiniti (-30.2%),
- Mitsubishi (-32.9%),
- Jaguar (-37.1%),
- Maserati (-40.0%)
Canada Registrations by Model Year – 2019
- Interesting to note there are still over 1.6 million light vehicles registered prior to 2000 model year
- Vehicle owners are either keeping their vehicles more than 10 years while the pre-owned market is full of abundant choices for consumers
Average Age Passenger Car/Light Truck Comparison
- Light trucks, on average through the years, have an average age of 9.2 years – possibly suggesting many light trucks are workhorses and replaced more frequently than passenger cars
- The average age of passenger cars have seen a steady increase through the years starting in Q4 for 2012 – perhaps many households owning 2 vehicles, have kept one of the vehicles, the passenger car, while their second vehicle shifted to light trucks. While at the same time, the market shift towards light trucks have left a larger fleet of lower mileage passenger cars to be in service
- 2015 was the final year where passenger cars outnumbered light trucks at 50.3% vs 49.7%
- 2016 was the year when light trucks finally overtook passenger cars with 51.1% of the fleet versus 48.9% comprised of passenger cars
- For 2019, this trend continued with 56.1% of the Canadian fleet occupied by light trucks and 43.9% occupied by passenger cars