Canada May 2024: Hyundai (+31.7%), Volvo (+18.9%) shine, 19th consecutive positive month

Hyundai Kona sales are up 108.5% year-on-year in May.

According to estimates by local consultancy DesRosiers Automotive, the Canadian new light vehicle market is up 5.7% year-on-year in May to 169,000 units, marking a 19th consecutive month of year-on-year gains. The SAAR comes in a 1.63 million units, the weakest this year so far. Among manufacturing groups still sharing monthly sales data, Hyundai-Kia fares best at +22.9% with Toyota Motor up 8.9% but Honda Canada off -14.7. Brand-wise, Hyundai (+31.7%) delivers the best performance above Volvo (+18.9%), Subaru (+14.2%), Toyota (+13%) and Kia (+12.6%). Lexus (-16.6%) and Honda (-16.7%) struggle.

Looking at models with monthly data available, the Toyota RAV4 outpaces the market at +8.9% unlike the Honda CR-V (-21.9%) in freefall. The Hyundai Kona (+108.5%) lodges another very impressive result at over 3,000 sales and is now up 82% year-to-date. The Toyota Corolla Cross (+142.5%), Hyundai Elantra (+24%), Hyundai Tucson (+21.8%) and Kia Seltos (+18.9%) also shine.

Previous month: Canada April 2024: Market up 14% on low year-ago result

One year ago: Canada May 2023: Mazda, Honda stand out in market up 13.5%

Full May 2024 data for selected groups, brands and models below.