Hyundai (+10.8%), Kia (+6.3%) defy market down -12.4% – Best Selling Cars Blog


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

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.

Canada February 2022 – groups:

Group Feb-22 /21 2022 /21 FY21
Hyundai-Kia 13,590 9.3% 24,833 15.3% 4
Toyota Motor Co. 11,527 -15.8% 23,025 -9.8% 2
Honda Canada 7,233 -21.4% 14,611 -7.7% 6
Mazda 3,616 -12.1% 7,109 -12.8% 9
Subaru 3,347 3.9% 6,657 13.3% 10
Volvo Cars NA 701 2.0% 1,276 4.1% 14

Canada February 2022 – brands:

Brand Feb-22 /21 2022 /21 FY21
Toyota 10,182 -17.5% 20,431 -11.0% 2
Hyundai 8,416 10.8% 15,492 17.6% 4
Honda 6,253 -23.4% 12,739 -9.6% 3
Kia 4,944 6.3% 8,901 11.1% 8
Mazda 3,616 -12.1% 7,109 -12.8% 10
Subaru 3,347 3.9% 6,657 13.3% 13
Lexus 1,345 -1.0% 2,594 0.6% 17
Acura 980 -5.2% 1,872 7.4% 20
Volvo 701 2.0% 1,276 4.1% 24
Genesis 230 23.0% 440 20.5% 30

Source: Manufacturers, ANDC



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