Canadian auto sales slowed further in June (-7.5% month-over-month) to 1.80 mn units at a seasonally adjusted annualized rate (SAAR) according to Wards Automotive (chart 1). Canadian auto sales fell for a third consecutive month in seasonally adjusted terms, as the sales rate continues to pull back from the strong start to the year, which likely was driven in part from a tariff front-running-induced surge in March and April. Last month’s seasonally adjusted decline in the sales rate was the largest monthly slowdown since January 2022. However, the annualized sales rate is only slightly below the 1.82 mn units sold in ... (full story)