ICYMI: July auto sales down 16 per cent from last year as shortages persist
The consultancy estimates 130,480 new light vehicles sold in the month as auto manufacturers continue to struggle with semiconductor supply chain issues.DesRosiers says that while overall sales were weak, the numbers also show the “first green shoots” of improved supply at a small number of companies.
It says the seasonally adjusted annual rate of sales for July came in at 1.43 million, generally in line with the soft results seen in recent months.This report by The Canadian Press was first published August 4, 2022.
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