Spending on big-ticket items is a great indicator of
general consumer confidence and one of the most
expensive items consumers will purchase is a vehicle. Like
several other statistical measures in 2013, spending at the
car and truck lots is pointing to continued strength in
In March of this year, Albertans spent $1.36 billion at new
and used vehicle dealerships. That’s an increase of 7.7 per
cent over the same month of last year. In spite of this
increase, the sales figure for March 2013 is not a record.
That title belongs to May of 2007 when Albertans shelled
out over $1.51 billion on new and used vehicles.
The data compiled by Statistics Canada is not adjusted to
account for the regular fluctuations of seasonality—and
vehicle sales tend to pick up significantly in...