Canadian market (PC + LCV) fell 2.6% in 2018
- The Canadian automobile market (PC + LCV) fell by 2.6% in 2018 to 1.98 million units against 2.04 million in 2017.
- This market had reached a peak in 2017, following the rebound in the market recorded in 2010 after the fall in sales in 2009 (as in most countries) caused by the 2008 financial crisis, seems to have reached a plateau in 2017 which corresponds to a volume of 2 million units per year.
- It's hard to say if this market will go up or down in the next two years. However, Inovev expects the Canadian market to stagnate at about 2 million units in 2019 and 2020.
- Most manufacturers‘ sales declined in the Canadian market in 2018. The Ford group narrowly maintained its leading position in this market, with a market share of 14.7%, ahead of GM groups (14.3% ), Toyota (11.4%), Fiat-Chrysler (11.1%), Hyundai-Kia (9.9%), Honda (9.6%), Renault-Nissan (7.3%), and Volkswagen (5.8%).
- SUVs accounted for 48% of the Canadian market in 2018 (compared to 44% in 2017) and sedans only 28% (compared to 30% in 2017). Pickups make up 20% of the Canadian market (as in 2017), while minivans are only at 4% of this market (compared to 6% in 2017). Fiat-Chrysler MPVs are gradually disappearing from the Canadian market as from other markets in North America.
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