Released on September 17, 2012
Saskatchewan consumers were buying new cars and trucks in July at a rate more than double the national average, according to a report released by Statistics Canada today. New motor vehicle sales in the province were up 12.2 per cent in July 2012 over July 2011, the highest percentage increase in Canada and well ahead of the 5.0 per cent recorded nationally.
"Consumers have confidence in their jobs and the opportunities available in our province today," Economy Minister Bill Boyd said. "Families in our province are on solid financial footing as wages have been steadily increasing and employment opportunities continue to show improvement."
On a monthly basis, all of the provinces had a decline in new car sales between June 2012 and July 2012. Saskatchewan dropped by 2.6 per cent while nationally, sales were down by 12.6 per cent.
"The year-over-year growth in new car sales is very significant," Boyd said. "The long-term outlook of our province supports an economy that is experiencing real growth and real opportunity."
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For more information, contact:
Deb Young
Economy
Regina
Phone: 306-787-4765
Email: deb.young@enterprisesask.ca