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March 02, 2022 01:23 PM

February sales down 12% as chip shortage continues to hamper inventory

The Canadian Press
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    Greg Layson
    Canada Light-Vehicle Sales, February & YTD
    Most automakers no longer release monthly sales and are excluded from this report.

     

      February
    2022
    February
    2021
    %
    change
    2 mos.
    2022
    2 mos.
    2021
    %
    change
    Acura 980 1,034 -5.2% 1,872 1,743 7.4%
    Honda 6,253 8,166 -23.4% 12,739 14,086 -9.6%
    Honda Canada 7,233 9,200 -21.4% 14,611 15,829 -7.7%
    Genesis 230 187 23.0% 440 365 20.5%
    Hyundai 8,416 7,595 10.8% 15,492 13,172 17.6%
    Hyundai Auto Canada 8,646 7,782 11.1% 15,932 13,537 17.7%
    Kia Canada 4,944 4,650 6.3% 8,901 8,010 11.1%
    Hyundai-Kia Automotive 13,590 12,432 9.3% 24,833 21,547 15.3%
    Mazda Canada 3,616 4,114 -12.1% 7,109 8,153 -12.8%
    Subaru 3,347 3,221 3.9% 6,657 5,874 13.3%
    Lexus 1,345 1,358 -1.0% 2,594 2,578 0.6%
    Toyota 10,182 12,336 -17.5% 20,431 22,949 -11.0%
    Toyota Canada 11,527 13,694 -15.8% 23,025 25,527 -9.8%
    Volvo Cars N.A. 701 687 2.0% 1,276 1,226 4.1%

    Canadian auto sales fell 12.4 per cent in February from a year earlier, according to DesRosiers Automotive Consultants.

    The consultancy estimates new light-vehicle sales totalled 98,722 units, down from 112,654 in February last year.

    DesRsoiers says last year's sales in the month were strong, part of an upward surge to the March peak last year of 175,186 units, shortly before the global semiconductor shortage started to affect the market.

    The auto sector has been hit by a shortage of semiconductor chips caused by pandemic-related production issues and a surge in demand for electronics, leading to lower auto production and supplies of vehicles.

    DesRosiers says the seasonally adjusted annual rate of sales for February came in at 1.62 million for the month, down from the 1.85 million for February last year, but broadly in line with levels seen over the last 10 months.

    Sales in February 2020, just before the widespread pandemic shutdowns, came in at about 123,375 vehicles.

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