Statistics Canada reports retail sales down in January as new car sales fell

Statistics Canada reports retail sales down in January as new car sales fell

Overall retail sales were down in three of nine subsectors as sales at motor vehicle and parts dealers fell 2.4 per cent, the group's first decline in five months. Sales at new car dealers fell 3.0 per cent, while used car dealers gained 4.5 per cent.

The agency says core retail sales — which exclude gas stations and fuel vendors, and motor vehicle and parts dealers — rose 0.4 per cent in the first month of 2024.

The increase in core retail sales came in part from higher sales at sporting goods, hobby, musical instrument, book, and miscellaneous retailers which saw a 3.0 per cent increase.