Take stock_May 14

ales of new motor vehicles rose 6.3 per cent in March to 122,194, the largest monthly growth since January 2008.

Vechicle sales rise in March: Statscan

Sales of new motor vehicles rose 6.3 per cent in March to 122,194, the largest monthly growth since January 2008. Statistics Canada attributes the increase mainly to higher truck sales. The agency says preliminary industry data for April indicate the number of new motor vehicles sold was essentially unchanged from March. Sales of new trucks (including minivans, sport-utility vehicles, light and heavy trucks, vans and buses) were up 11 per cent to 60,577 in March, more than offsetting the decline in truck sales in February. Sales of passenger cars rose two per cent to 61,617 units, the third straight increase after strong declines at the end of 2008. The number of new motor vehicles sold in March rose in all provinces, with Quebec the main contributor at a 10.4 per cent rise in sales accounting for around 45 per cent of the national increase. Sales in Ontario were up for the third straight month, rising 5.8 per cent. The lowest growth rate was a 1.8 per cent increase in Alberta.

Leon’s Furniture sees minimal drop in revenue

Leon’s Furniture Ltd. (TSX:LNF) says it experienced a small decline in revenues and slight drop in margins in the first quarter but believes it picked up market share across the country through heavy advertising linked to its 100th anniversary. Total revenue from company-owned stores and franchised locations slipped 0.6 per cent year-to-year, to $195.2 million from $196.4 million, although same-store corporate sales were down 1.3 per cent.

Correction

Incorrect information appeared in a story on page B3 in Wednesday’s Advocate. The Alberta Sweet 16 campaign, which highlights summer activities in Central Alberta, is offering a Central Alberta getaway, valued at $1,000, not $1,000 in cash.

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