sa国际传媒

Skip to content
Join our Newsletter

Slumping car sales hurt sa国际传媒 retail sector in June

Retail sales in the province declined 4.8 per cent month-over-month in June; 1.6 per cent year-over-year
usedcars-cc
Flagging sales for motor vehicles was a main reason why sa国际传媒 underperformed the rest of sa国际传媒 for retail sales in June

After three consecutive months of gains, sa国际传媒 retail sales hit turbulence in June, falling 4.8 per cent from May, and 1.6 per cent from June 2022, according to Statistics sa国际传媒. 

The nation's number cruncher attributed sa国际传媒's lower retail sales to fewer transactions for motor vehicles and parts for those vehicles.

When Metro Vancouver data was broken out from the rest of the province, the region's retail sales in June were down 3.1 per cent month-over-month, and 2.2 per cent year-over-year.

Metro Vancouver and the rest of the province's flagging sales compared with a 0.1 per cent increase in retail sales across the country month-over-month. Retail sales sa国际传媒-wide fell 0.6 per cent in June, compared with June 2022.

Statistics sa国际传媒 noted that retail sales increased in four provinces in June, compared with May: New Brunswick (3.6 per cent,) Saskatchewan (1.8 per cent,) Ontario (+1.7 per cent) and Quebec (+1.3 per cent). 

Unlike sa国际传媒, Ontario retail sales rose in June on the strength of higher sales at motor vehicle and parts dealers. 

Overall, .

[email protected]