Go West Young Man
By Dennis DesRosiers
(LONDON, ON) – The strength in the Canadian light vehicle market remains in the resource rich West with Alberta leading all other provinces in sales gains for the month of September (up 6.4 percent) and for the Year to Date (up 6.9 percent). All Western provinces are doing well this year at least on a year to date basis although month to month there are exceptions. British Columbia is the weakest of the Western province but still up this year and better than most Eastern provinces. We believe the relative weakness in BC is because their market was overheated for years with spending related to the Olympics.
The weakness in the Canadian market starts in Quebec and runs through all the Atlantic provinces. New Brunswick is up slightly this year ( plus 0.7 percent ) but Quebec is down 2.2 percent, Nova Scotia is down 5.8 percent and is the worse market in Canada, PEI is down 3.2 percent and Newfoundland is down by 5.1 percent. Each of these provinces see the odd month where sales are up but the down months overwhelm the positive months.
The Ontario market is performing well this year despite serious issues in the Ontario economy related to its manufacturing base. Year to date Ontario is up 2.9 percent although in September their sales were down by 0.8 percent.
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