When we ordered our Canyon last June it sure didn't make sense to buy used. The same week we ordered at the dealership, they sold a used 2022 Colorado with 17,000 kms, less equipment than the truck we ordered and it had a few little body and paint issues. It sold for about $500 less than the Canyon we ordered. When I asked why someone would pay new vehicle price for a truck that was about 10 months old with miles on it? "Nobody wants to wait".
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1966 Strato Chief 2 door, 427 4 speed, 45,000 original miles
1966 Grande Parisienne, 396 1 of 23 factory air cars
The graphs have retail sales in CAD on the Y-axis. So the decline shown on the graphs could also be a function of used car prices falling in combination with declining sales numbers, as new cars becoming available lessen the demand for used. Used pricing is very market driven and thus not a constant, so more data is needed to determine what is actually happening in the market.
If the graphs actually showed number of units sold, it would give us a better idea of how many people are buying.
Also, traditionally car sales drop off in the winter, so that may be a factor as well. Pre-pandemic data for comparison would help paint a more complete picture.
I looked at the AB chart (gee, I wonder why) and it doesn't lok as bleak as the title of the thread suggests;
if the downward trend persists, then it would be bleak, but when you expand it to a 3 year chart, the last time sales were below where it currently is shown looks to be May 2020 - which was right around the time everyone stopped driving...
I did a quick glance at the ON & BC charts, and they show the same dip - spring/summer of 2020...
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1970 Formula 400 Carousel Red on black (std) interior "no drivetrain option" car (same base drivetrain as GTO) 1:411 1970 Firebird Formulas originally sold in Canada
