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April 22, 2014NEW MOTOR VEHICLE SALES, JANUARY-FEBRUARY 2014 In January-February 2014, Nova Scotia motor vehicle unit sales increased 0.8% over Jan-Feb 2013. The 5,658 new vehicles sold from January to February represented a value of $173 million, up 2.3% compared with motor vehicle sales values from the same period in 2013.
In February 2014, year-to-date Canadian unit sales increased 0.7 per cent over Jan-Feb 2013 to 205,125 units. Year-to-date dollar sales were in positive territory, increasing 2.3 per cent over Jan-Feb 2013 to $7.2 billion.
In January-February 2013, Nova Scotia North America manufactured motor vehicle
sales value decreased 4.4% over Jan-Feb 2013 to a 74.2% share. Motor vehicle sales value of vehicles manufactured in other countries increased 28.0% over Jan-Feb 2013 to a 25.8% share.
In January-February 2014, Nova Scotia North America manufactured motor vehicle
unit sales decreased 5.8% over Jan-Feb 2013 to a 73.5% share. Motor vehicle unit sales of vehicles manufactured in other countries increased 24.7% over Jan-Feb 2013 to a 26.5% share.
In Nova Scotia the new motor vehicle year-to-date average unit price ($30,580) increased over the 2013 year-to-date average unit price ($30,129), and is now slightly above the $30,000 threshold. The province ranks 2nd lowest average unit price in the country.
In Canada the new motor vehicle year-to-date average unit price ($35,207) increased over the 2013 year-to-date average unit price ($34,663). The average YTD unit price tends to increase as one moves west. Alberta ranks number one with the highest average YTD unit price ($40,344).
It is interesting to note that the Nova Scotia new motor vehicle average unit price was in the $25k to $29k range for more than fifteen years.
In contrast it took 8 years to increase from $5 thousand to $10 thousand (1975-1983); 5 years to move from $10 thousand to $15 thousand (1983-1988); 7 years to move from $15 thousand to $20 thousand (1988-1995); and only 3 years to increase from $20 thousand to $25 thousand (1995-1998).
Statistics Canada, CANSIM table 079-0003