Introduction

The Prince Edward Island Automobile Dealers Association (PEIADA) is the provincial association for franchised automobile dealerships that sell new vehicles in Prince Edward Island. PEIADA represents the new automobile dealers (Class A) on Prince Edward Island. We are a self-funded non-profit association with Dealer Member dues collected based on sales numbers, and Associate Member dues collected at a flat rate. PEIADA is the only provincial automobile dealers association in Canada to be able to boast 100 per cent membership, which puts us in an enviable position of being able to say that we truly represent the views of all new automobile dealerships on Prince Edward Island. 

 

Our province is small but our efforts are relative, and we are a solid group with continuously strong and growing sales. PEIADA acts as the provincial voice of its Dealer Members, representing their collective views, opinions and needs. It watches over and protects the interests of Dealer Members, serving as an advocate to government, industry and the media. PEIADA seeks cooperative action in advancing the common purposes of Dealer Members, fostering equity in all their relationships with the general public, employees, and other branches of the automotive industry and among the dealers themselves. Prince Edward Island NEW automobile dealers make up a valuable sector of the provincial economy, both as a retail-driven economic builder and retail tax generator, as well as a large employer:

Province of Prince Edward Island Forty-first Annual Statistical Review 2014,

prepared by P.E.I. Statistics Bureau, Department of Finance; June 2015

 

“Retail sales on Prince Edward Island in 2014 increased for the fifth year in a row with a 3.3 per cent increase.” “Notable increases were seen in supermarkets, up 7.7 per cent or $27.7 million, and motor vehicle and parts dealers, up 5.5 per cent or $22.5 million.”

 

“The number of new vehicles sold saw an increase of 219 vehicles with a total of 7,555 vehicles sold, an all-time high for new vehicles sold on PEI.”

 

“The value of new vehicles sold was $218.2 million (up 5.6 per cent), also an all time high.”

Derived from Province of Prince Edward Island Forty-first Annual Statistical Review 2014, prepared by P.E.I. Statistics Bureau, Department of Finance; June 2015

 

The value of retail trade for motor vehicle and parts dealers on Prince Edward Island was $431.6 million in 2014, up 5.5% from 2013, and representing 21.5% of Prince Edward Island’s total retail trade in 2014.

 

Coupled with the value of retail trade of gasoline stations, the automotive industry contributed $728.4 million to Prince Edward Island’s economy in 2014, up 5.1% from 2013, and representing 36.3% of Prince Edward Island’s total retail trade in 2014.

 

Motor Vehicle Registrations also increased significantly in 2014 with 120,317 registrations, up 1.3%.

 

In 2014, Prince Edward Islanders spent $629.1 million on transportation directly related to personal use vehicles (new passenger cars; new trucks, vans and sport utility vehicles; used motor vehicles; other vehicles; spare parts and accessories for vehicles; fuels and lubricants; maintenance and repair of vehicles; parking; passenger vehicle renting; other related services). This represents a 5.4% increase from 2013.

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