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Canada October 2022: Toyota (+9.6%), Kia (+6.2%) ignore lowest October result in 13 years (-5.3%)

Toyota RAV4 sales are up 134.5% year-on-year in October.

Desrosiers Automotive Consultants has the Canadian new light vehicle market down an estimated -5.3% in October to 121,653 units. Like in September it is the lowest volume for October since 2009 (121,500 units). The SAAR is down from 1.57 million a year ago to 1.49 million this month. The year-to-date tally is now down -11.2% to 1,264,964. Among groups still communicating monthly sales data, Toyota Motor (+8.2%) is the only one in positive with Honda Canada (-10.4%), Mazda (-16.1%), Hyundai-Kia (-16.4%) and Volvo (-19.5%) struggling and Subaru (-29.2%) freefalling. Given the poor performance of the aforementioned groups, this would mean the “Detroit 3” continue to outrace the market this month.

Brand-wise, again Toyota (+9.6%) is ignoring the market slump as are Kia (+6.2%) and Lexus (+1.1%). Genesis (-5.6%) and Honda (-9.9%) keep their year-on-year fall to the single digits but Subaru (-29.2%), Hyundai (-27.6%), Volvo (-19.5%), Mazda (-16.1%) and Acura (-13.6%) shrink significantly. Among models with available monthly sales, the Toyota RAV4 (+134.5%) spectacularly takes off, the Honda CR-V (+39.3%) also posts a very solid result, as does the Lexus NX (+74.5%) while the Kia Seltos (+1.2%) edges up. All other strong selling models are in negative, with the Hyundai Elantra (-35.9%), Honda Civic (-28.9%) and Hyundai Kona (-28.6%) hit the hardest. 

Previous month: Canada September/Q3 2022: “Detroit 3” only gainers in market down -4.5%, -11.8% over Q3

One year ago: Canada October 2021: Lexus (+11.8%) Genesis (+341.2%) defy lowest October in a decade (-17.7%)

Full October 2022 selected groups, brands and models data below.

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