August sales plunge 14% as industry struggles to rebound from chip, inventory shortages

  • 📰 AutoNewsCanada
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Automakers are on pace to sell about 1.57 million new vehicles in Canada in 2022, according to AutoForecast Solutions, a U.S.-based forecasting company.

August new-vehicle sales were at their lowest in more than two decades, according to DesRosiers Automotive Consultants .

The monthly seasonally adjusted annual rate of sales came in under 1.4 million units. DAC said that was “broadly in the range seen over the past six months and lacking any substantive glimmer of hope for a return to a more normal sales pace.” The firm says that’s down five per cent when compared with the 1.66 million sold in 2021. But, it’s nearly as low as the 1.55 million sold during 2020, when the COVID-19 pandemic shuttered factories and limited shopping at dealerships across Canada.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 77. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines