Canadian auto sales fell 0.6% month-over-month to 1.89 mn units at a seasonally adjusted annualized rate (SAAR) in May based on data from Omdia (chart 1). The monthly selling rate has trended in the 1.85–1.9 mn range since February, an improvement from the three months to January when sales averaged 1.75–1.8 mn but still below the 2 mn rate a year ago. The improvement in light vehicle sales this Spring has been supported by car sales which have increased an average 9% each month (SA) since February to the highest level in a single month since early 2024, which has been partially offset by light truck sales that have ... (full story)