July auto sales down 16% from last year as shortages persist

DesRosiers Automotive Consultants says Canadian auto sales were down 16.2% in July compared with a year earlier because of a shortage of available vehicles.

The consultancy estimates 130,480 new light vehicles sold in the month as auto manufacturers continue to struggle with semiconductor supply chain issues.

The volume was the smallest July sales since 2001, and 24.8 per cent below sales for July 2019.

DesRosiers says that while overall sales were weak, the numbers also show the "first green shoots" of improved supply at a small number of companies.