Motor vehicle and motor vehicle parts and accessories subsector fell by a whopping 64.7 per cent in April, in a June 18, 2020 story. (Photo by THE CANADIAN PRESS)

Statistics Canada says wholesale sales posted record plunge in April

Lowest level since September 2009

OTTAWA — Statistics Canada says wholesale sales fell by a record 21.6 per cent to $49.8 billion in April, led by a plunge in the motor vehicle and motor vehicle parts and accessories subsector due to the pandemic.

The federal agency says wholesale sales fell to their lowest level since July 2013 as all seven subsectors recorded lower sales for the first time since November 2008.

Economists on average had expected a drop of 12.6 per cent, according to financial markets data firm Refinitiv.

The motor vehicle and motor vehicle parts and accessories subsector fell by a whopping 64.7 per cent in April following a 21.7 per cent drop in March.

Excluding the subsector, wholesale sales were down 14.2 per cent.

Wholesale sales volumes dropped a record 21.5 per cent to their lowest level since September 2009.

This report by The Canadian Press was first published June 18, 2020.

economy

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Comments are closed

Just Posted

Edmonton International Raceway revving back up following COVID-19 shutdown

Despite being rained out Saturday the Raceway held a special event Sunday sans races.

Albertans get an extra free order of COVID-19 masks

Packages will be available July 13 at fast food restaurants

COVID-19 scare sees Latvia-bound troops turn around, return to Canada

Those on board face another 14 days in isolation

2 dead, 8 hurt in South Carolina nightclub shooting

Police are searching for two suspects

QUIZ: A celebration of dogs

These are the dog days of summer. How much do you know about dogs?

Sylvan Lake woman distressed after cat shot at with pellet gun, loses its eye

Warning: Photo may be disturbing to some. Evelina Cornell’s cat Ms Grey was shot in the face and hip

Ford revives Bronco brand, aims at Jeep’s big off-road sales

Two new off-road vehicles to be introduced

Trump-connected lobbyists reap windfall in federal virus aid

Many recipients were donors to Trump’s campaigns

Tories, NDP lay out demands as Liberals prepare to reveal state of economy

Conservatives wants auditor general to scrutinize COVID-19 response

‘You have to show up:’ NDP MP questions virtual attendance of Alberta Tories

NDP MP McPherson says she’s disappointed Tory MPs haven’t been participating in virtual meetings

Flood warning, mandatory evacuation for people in remote Alberta hamlet

A flood warning has been issued for the rain-swollen Smoky River near the Hamlet of Watino

Stop enforcing sex work laws during COVID-19, Amnesty, sex worker advocates say

‘We need to make sure the existing laws on the books aren’t enforced’

Most Read