Hybrid sales rise but growth slowing
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Sales of hybrid vehicles rose 28  percent in 2006 but growth in the segment dominated by Toyota  Motor Corp.'s (7203.T) Prius is starting to slow, according to  retail sales data released on Monday.
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WASHINGTON -- Business growth slowed to a 2.2 percent pace in the late summer, a much better performance than anticipated and an encouraging sign that the housing slump hasn't significantly dragged down the economy.
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Inventory and accounts receivable growth are outpacing sales.
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General Motors Corp. said sales in August grew 3.9 percent from a year ago, boosted by new car introductions and remodeled sport-utility vehicles. It was the beleaguered auto giant's first year-over-year sales increase since January.
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Hybrids didn't keep up with the rest of the auto industry's offerings in the weeks before the November election, but resurgent fuel prices should keep the gas-electric cars popular. In Autopia.
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Sales at 50 major U.S. retailers, including Wal-Mart, rose a combined 2.4 percent in June, beating expectations, but growth remained lower than in 2006.
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OTTAWA (CP) - Wholesale sales grew for the sixth consecutive month in August, Statistics Canada says. Sales were up by 0.7 per cent from July in part because of a surge in sales of machinery and electronic equipment.
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Retail sales, helped by sizzling activity in auto showrooms, jumped by 1.2 percent in December, providing a solid finish to a year in which sales climbed at the fastest pace since 1999.
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Despite burgeoning demand for hybrids, carmakers remain conservative about manufacturing them. So, if you want one, be prepared to wait. By John Gartner.
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The pace of existing U.S. home sales edged up in November from a record low, according to a report on Monday that offered some tentative signs of stabilization in the still-ailing housing market.
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September new home sales rose slightly yet remained near decade lows, while orders for durable goods declined, presenting a mixed economic picture ahead of next weekâs Fed meeting.
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TORONTO (CP) - Stock markets pushed higher Friday morning after a report that the US economy grew at a slower pace than had first been estimated by the government, but not as slow as some economists had expected.
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The discount retailer continues to hang on with modest sales growth.
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Subscription software maker reports jump in third-quarter sales, but sees growth slowing next year.
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Retail sales unexpectedly accelerated at the fastest rate in three years, lifted by rising incomes and a stock market that has doubled this year. Sales rose 15.9 percent from a year earlier to 715.8 billion yuan ($94 billion) after gaining 15.5 percent in April, the statistics bureau said. The gain was the biggest since May 2004 after adjusting for distortions caused by Chinaâs Lunar New Year holidays.
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WASHINGTON -- Sales of previously owned homes inched up in November but that didn't change the overall bleak picture for an ailing housing industry that has been suffering through a painful slump.
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Manufacturing activity rose in August for the 15th consecutive month, but at a slower rate than in July, according to a monthly report released yesterday by the Institute for Supply Management, a research group.