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New vehicle sales: provincial comparisons

New vehicle sales: provincial comparisons

Posted on: 2/19/2019 | Author: ATB Financial's Economics + Research Team

​​Albertans took their feet off the gas of new motor vehicle spending in 2018. Despite the slow down, Albertans still consistently spend more than those in any other province when the numbers are adjusted for population.

The chart below shows a twenty year timeline of per capita spending on new cars and trucks. The heavy blue line is Alberta. Even as far back as 1998, Alberta topped spending per capita with an average of nearly $150 per person per month. The Canadian average at that time was $111 per person.

Over the last two decades, Alberta experienced more pronounced pull-backs than other provinces do during times of economic recession. Between 2007 and 2009, spending per capita in Alberta dropped from $220 to $150 per person. A less severe drop occurred in the recession of 2015-16.

With current per capita sales of around $213 (the average over the 12 months of 2018), Alberta still leads the country. But Ontario spending, demonstrated by the red line, is hot on our heels. Its strong economy over the last decade saw monthly per capita sales jump from $120 to $209.

Tomorrow, The Owl will explore the types of vehicles Albertans are buying, including a breakdown of North American and overseas vehicles.

New vehicles, graph​​​​​

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