Summary
This document is a Global Auto Report dated July 9, 2025, which outlines the trends and forecasts in auto sales for Canada, the United States, and globally. It describes the decline in Canadian auto sales in June 2025, noting a 7.5% month-over-month decrease, marking the third consecutive month of decline. The report highlights that while Canadian sales for the first half of 2025 are up 5.5% year-over-year, the sales rate has reached its lowest level since Q3-2024. It also discusses the impact of tariffs and economic uncertainty on the Canadian economy, including job growth and inflation rates. In the United States, auto sales also fell by 1.7% month-over-month in June, with a similar trend of declining sales rates. The report provides an outlook for auto sales in both countries, projecting 1.88 million sales in Canada and 16 million in the U.S. for 2025. Additionally, it notes mixed results in global auto sales, with a 2.5% decrease in May 2025, varying by region.
