New vehicle sales in Alberta still playing catch-up
Adjusting for inflation, year-to-date sales were 6.3% below the level set over the first half of 2019
By Rob Roach, ATB Economics 17 August 2021 less than a minute
Although much better than over the first half of 2020, new vehicle sales in Alberta are yet to catch-up to pre-pandemic levels.
Adjusting for inflation, the value of sales from January to June 2021 was 28.5% higher than the same period in 2020, but 6.3% below the level set over the first half of 2019.
It’s a similar story for the number of new vehicles sold over the first half of the year. At 103,506 units, sales in Alberta were 29.4% above 2020, but 10.4% lower than in 2019.
Nationally, the value of year-to-date sales were 31.3% above 2020, but 10.2% lower than in 2019.
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