Canada New Motor Vehicle Sales
Published:
Canada new motor vehicle sales (Statistics Canada) — number of vehicles
Full explanation
Canada New Motor Vehicle Sales is the number of new motor vehicles sold in Canada in a month, published by Statistics Canada about two months after the reference month. Although the calendar labels this event "(MoM)", the value shown is a count of vehicles (often displayed in thousands, e.g. 176.2K = about 176,200 vehicles), not a month-on-month percentage change. The figures are not seasonally adjusted.
Why traders watch it
A read on Canadian household and business demand for vehicles.
Stronger vs weaker outcomes
A stronger-than-expected reading points to firmer demand; a weaker one points the other way.
Release details
- Release frequency
- Monthly
Typical volatility
Low. Do not read the number as a percentage. Not seasonally adjusted, so compare with the same month a year earlier rather than the previous month. Released with a lag of about two months.
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