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Canada February 2022: Hyundai (+10.8%), Kia (+6.3%) defy market down -12.4%

Hyundai sales are up 10.8% in a market down -12.4% in February. Picture

The Canadian new light vehicle market falls -12.4% year-on-year in February to 98,722 units and down a round -20% on pre-pandemic February 2020, according to estimates by DesRosiers Automotive Consultants. The year-to-date volume stands at 190,133 sales, down -6.6% on the same period a year ago. The Seasonally Adjusted Annualised Rate of sales (SAAR) stands at 1.62 million units, a 12% drop on the 1.84 million units of February 2021.

Looking at groups who still report sales monthly, Hyundai-Kia (+9.3%) takes the lead off Toyota Motor (-15.8%)  while Honda Canada (-21.4%) suffers the largest drop. Brand-wise, Toyota (-17.5%) takes a hard hit, whereas Hyundai (+10.8%) is in great shape and defies the market slump, a does sister brand Kia (+6.3%) below Honda (-23.4%). Mazda (-12.1%) matches the market whereas Subaru (+3.8%), Volvo (+2%) and Genesis (+23%) all register year-on-year lifts. Lexus (-1%) and Acura (-5.2%) edge down.

There was no models data at the time of publication.

Previous month: Canada January 2022: Hyundai (+26.9%), Subaru (+24.8%) help tilt market into positive (+0.6%)

One year ago: Canada February 2021: Kia, Hyundai resist in market down -9.9%

Full February 2022 sales data for selected groups and brands below.

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