April new car sales continue dim outlook

Summitric

SUPER COOL MOD & Supporting Vendor
Moderator
Joined
Oct 21, 2006
Messages
48,070
Reaction score
32,180
Location
Edmonton/Sherwood Park
Website
www.bumpertobumper.ca
May 6, 2022 by Adam Malik

April new car sales continue dim outlook​

Dealership-keys-Depositphotos_301078162_L-1024x682.jpg


It was one year ago that the semi-conductor shortage hit the new vehicle market in a drastic way.

Today, things are not any better, according to new analysis from DesRosiers Automotive Consultants. The group releases sales numbers from April 2022 and the results are still not encouraging.

Sales for the month came in at 140,785 units. That’s down 13.3 per cent from April 2021. The seasonally adjusted annual rate (SAAR) now sits at a meagre 1.44 million units. Last year, April’s SAAR was at 1.66 million after dropping from 1.92 million the month before.

DesRosiers noted that market demand sits at or around two million units. However, supply shortages are forcing the industry “to stagger along” as it waits for inventory improvements.

“The demand side problems of the early pandemic months of 2020 now seem like distant history with the past 12 months dominated by supply-side woes that show few short-term signs of ameliorating,” said Andrew King, managing partner of DesRosiers Automotive Consultants.
 

catalac

Active VIP Member
Joined
Nov 22, 2008
Messages
3,416
Reaction score
12,990
Location
Red Deer
And lots of China is still In lockdowns have a feeling this isn’t going to resolve any time soon.
 
Top Bottom