Canada November 2022: Kia (+58%), Lexus (+32.9%) help lift market up 4.1%

Kia Seltos sales are up 174.8% year-on-year in November.

According to estimates by local consultancy Desrosiers Automotive, the Canadian new light vehicle market edges up 4.1% year-on-year in November to 114,966 sales. However November 2021 was down -13.9% on the year prior and November 2022 is down -19.8% on pre-pandemic November 2019. The SAAR was up slightly on last month from 1.49 million to 1.51 million units. The year-to-date tally is now down -10.1% to just 1,379,930 units and may struggle to reach 1.5 million units over the Full Year 2022. If it misses that mark, it will be the first time since 2009 that Canadian sales fail to cross the 1.5 million annual sales milestone. Among groups still sharing monthly sales data, Hyundai-Kia (+9.1%) outsells Toyota Motor (+9%) with both manufacturers posting solid gains whereas Honda Canada (-22.8%) dives.

Brand-wise, Toyota (+6%) only advances past the market’s average growth by a small margin but Hyundai (-10.9%) and Honda (-20.8%) are in trouble. In contrast, Kia (+58%) and Lexus (+32.9%) both post splendid gains just as Subaru (+13.8%) also manages a double-digit uptick. Mazda (+3.1%), Genesis (+1.9%) and Volvo (+0.7%) edge up whereas Acura (-38.8%) sinks. Model-wise, the Toyota RAV4 (+34.6%), Honda CR-V (+28.7%) and Toyota Corolla (+13.8%) all beat the market just as the Hyundai Elantra (-14.6%) and Honda Civic (-46.2%) are in great difficulty. Note the Corolla is poised to overtake the Honda Civic over the Full Year after 24 consecutive years of Civic domination. The Lexus NX (+424.7%), Kia Forte (+276.3%), Kia Seltos (+174.8%), Subaru Outback (+78%) and Kia Sportage (+70.6%) stand out below.

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

One year ago: Canada November 2021: Hyundai (+2.1%) defies market down -13.9%

Full November 2022 sales data for selected groups, brands and models below.