DesRosiers says auto sales plunged 48 per cent in March from last year due to outbreak

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DesRosiers Automotive Consultants Inc. says auto sales plunged 48 per cent in March from last year because of the COVID-19 pandemic.

The consultancy says March sales looked to be only declining moderately for the first half of the month, but started to dive as provinces declared states of emergency, Quebec closed front-end dealerships, and many other dealerships voluntarily shut down.

Sales are still possible online, but DesRosiers notes that hesitation and uncertainty around the economy and the outbreak have kept buyers away.The plunge in March left first quarter auto sales down 20 per cent compared with last year to an estimated 329,108, with no reporting brand seeing increased sales.

Ford, which had the highest sales for the quarter, saw sales drop 13.8 per cent compared with last year, while General Motors declined 12.8 per cent and Fiat Chrysler Automobiles sales were down 18.8 per cent.

 

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No kidding? What a shock.

Probably a good time to get a bargain.. then again save your money for a possible recession after all of this

Only 48%? I would have expected more than 90%.

Yet they’re an essential business? Mechanics yes. Dealerships no.

Hey, since all you 'journalists' have all this extra time on your hands, can someone put away the crayons and write something actually worthwhile?

Weird.. Who'd a thunk it?

And yet, the prices haven't gone down.

That's all?

Well I shit

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