Motor Vehicle and Parts Dealers Drive Retail Sales

May 19, 2023

BRITISH COLUMBIA – A recent BC Real Estate Association release showed Canadian seasonally adjusted retail sales fell 1.4 per cent in March to $65.3 billion.

Sales fell in 5 of 9 subsectors, but the decrease was led by lower sales at gasoline stations and fuel vendors (-3.9 per cent) and motor vehicle and parts dealers (-4.4 per cent). Core retail sales, which strips out gasoline and motor vehicle and parts dealers, rose 0.3 per cent. In volume terms, sales fell 1 per cent in March.

In BC, seasonally adjusted sales rose 0.9 per cent in March. Compared to the same month last year, retail sales were up 0.3 per cent in the province. In the Greater Vancouver region, sales were up 2 per cent month-over-month and down 0.5 per cent year-over-year.

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