Released on October 15, 2012
Saskatchewan motor vehicles sales continued to see strong increases in August according to a report released by Statistics Canada. On a monthly basis, new motor vehicle sales were up 6.4 per cent between July 2012 and August 2012, the highest percentage increase among the provinces and well ahead of the 0.7 per cent rise nationally.
"A new car or new truck purchase is a major investment for consumers," Economy Minister Bill Boyd said. "This shows Saskatchewan consumers have confidence in the economy, which is also supported by the overall growth we are seeing in the province."
On an annual basis, new motor vehicle sales were up 11.4 per cent in August 2012 over August 2011, the second-highest percentage rise among the provinces. There were 5,400 vehicles sold in Saskatchewan in August 2012, compared to 4,847 in August of 2011. Nationally, sales were up 6.2 per cent.
"Saskatchewan continues to show economic leadership on a national front," Boyd said. "Today's numbers are another indicator that confirms our economy is a stand-out in comparison to other provinces."
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For more information, contact:
Deb Young
Economy
Regina
Phone: 306-787-4765
Email: deb.young@enterprisesask.ca