Auto sales up 6.9% in July despite ongoing trade disruptions: DesRosiers

DesRosiers Automotive Consultants Inc. says the auto market remained resilient last month despite trade disruptions in the industry.

The firm estimates 172,000 vehicles were sold in July, up 6.9% year-over-year.

DesRosiers says there are caveats: July 2024 was a weak comparable and many dealerships are still selling their pre-tariff inventory.

However, it says the month was still solid, and the best performing July since 2019, when sales were at 174,000 units.

The auto industry continues to face uncertainty from ongoing trade negotiations, as some automakers have raised their estimates for tariff costs.

Auto manufacturers are hoping for a carve-out from U.S President Donald Trump’s tariffs. 

The Canadian Press

The Canadian Press is a national news agency headquartered in Toronto and founded in 1917.