Canada's Automotive Retail Sales Rise Modestly in First Half on Higher Gasoline Prices, DesRosiers Says
MT newswire2026/09/09 14:57Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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10:57 AM EDT, 09/09/2026 (MT Newswires) -- Gasoline stations led Canada's automotive retail sector in the first half of 2026, with sales jumping 13.3% year over year amid higher fuel prices tied to the US-Iran war, according to DesRosiers Automotive Consultants in a Wednesday note. Other segments saw more modest gains, said DesRosiers. New-vehicle dealer sales rose 0.8% over the period, while remaining at record levels from a dollar value perspective. Accessories and tire stores increased 1.3% and used-vehicle dealer sales climbed 2.4%. Despite trade tensions with the US, global conflicts and broader economic headwinds, the sector's modest growth is a relatively positive sign, added DesRosiers. "Kilometres driven, however, have remained relatively stable so far in 2026, providing a solid underpinning to the automotive aftermarket," wrote Andrew King, managing partner at DesRosiers, in the note.
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