Skip to content
Subscriber Only

Canada Auto Sales Plunge 48% in March, Pointing to Retailer Pain

Photographer: Daniel Acker/Bloomberg
Updated on

Canadian auto sales were nearly halved in March compared to a year earlier, highlighting the distressing economic landscape the country’s businesses are enduring.

Sales of cars and trucks fell to around 95,000 in March, according to estimates released Wednesday by DesRosiers Automotive Consultants. That’s a 48% collapse compared to the same month a year ago and marks the largest decline in data back to 1997. The sales are far below the 150,000 historical average for the month.