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.
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