Photo: Guillaume Rivard
Sales Hit a Low Point
After falling 12 percent in the first quarter and 10.2 percent in the second quarter, new vehicle sales in Canada dropped 11.8 percent in the third quarter of 2022. The month of June was the worst since 2009, the year of the last recession. All signs point to 2022 sales totals failing to top 1.5 million units, which would be a first in 13 years.