Uncertainty as Retail Sales Grow

Uncertainty as retail sales grow

There was growth across all areas of retail automotive sales, but caution is being mixed in as uncertainty looms. “While at first blush changes in retail sales in Canada in the first quarter of 2025 seem to show significant variation, the true picture is likely not as diverse as it first appears,” said an analysis from DesRosiers Automotive Consultants about the first quarter of retail sales this year. Automotive parts, accessories and tires gre…

Auto sales up 7.9% in May, market remains resilient in face of tariffs: DesRosiers

DesRosiers Automotive Consultants Inc. says the auto market remained resilient last month as sales were up 7.9 per cent year-over-year despite trade disruptions in the auto industry.

Lane watch: Scene getting back to normal as May finishes

Perhaps the tariff turmoil has worked itself out of the wholesale market, at least for now. Black Book said overall wholesale prices dropping by 0.25% last week “marked a significant milestone as depreciation returned to a level typical for this time of year.” Analysts pointed out in the newest installment of Market Insights that the pre-pandemic seasonal average amount of depreciation was 0.22%. Black Book then touched on the two other overall …

U.S. auto sales slow in May as tariff pressures and inventory challenges mount

Retail momentum in the U.S. auto market slowed in May, with several automakers still reporting gains despite a cooldown from the tariff-driven sales rush seen in March and April. New vehicle purchases continued to rise, but at a more tempered pace, as Memorial Day deals and strong demand supported volume even as affordability concerns and inventory challenges mounted. Toyota Motor North America led the month with an 11% sales increase, driven by…