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August Auto Sales: Tariff Headwinds Continue to Bite
Canadian auto sales slowed in August to 1.76 mn units (-7.3% month-over-month) at a seasonally adjusted annualized rate (SAAR) according to Wards Automotive (chart 1). Auto sales continue to pull back from their tariff front-running spring surge, having declined in three of the past four months in seasonally adjusted terms, as headwinds build from tariffs, uncertainty, and slower job growth. While auto sales had a strong start to the year, seasonally adjusted sales have slowed to the lowest level since June 2024, as August’s non-seasonally adjusted sales were down by -3.9% year-over-year. chart Recent economic ... (full story)
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From advisorperspectives.com | Sep 16, 2025
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