Global sales of passenger cars and trucks likely surpassed 90 million for the first time in 2017, the latest indicator that demand for conventional automobiles remains strong even as driverless cars and ride sharing get increasing attention.
. . .Global demand remains robust, however, with 2017’s relatively modest 2.7% growth estimate far outpacing population growth.
Even though online food retailing has failed repeatedly, losing several billion dollars of venture capital, a second-generation revolution in underway in online food retailing. This revolution promises even more technology, more online shopping, and new, hybrid models of food retailing. This revolution, unlike the first one spearheaded by new entrants, is being led by existing industry leaders. For this reason, plus what has been learned from the many failures so far, this second-generation revolution is likely to succeed.
In April, the Indiana Supreme Court handed Kohl’s Corp. a victory when it agreed not to review a lowered property assessment that was awarded to one of Kohl’s stores because of the growing vacancy and dropping values of other shopping centers in its area.
The decision, which translated into a $219,000 refund for Kohl’s, was a sign of the drain to tax revenues resulting from the worsening retail real estate landscape for Howard County, the taxing jurisdiction, as well as other local governments throughout the country.
Retail sales and occupancy rates are falling in many parts of the country, partly due to oversupply of stores and competition with online retail. That has meant lower property values, lower tax collections and—in some cases—less to pay teachers and firefighters.
California’s new-car sales market is cooling down, but Golden State dealers remain on track to again ring up more than 2 million unit sales in 2017, according to the Sacramento-based California New Car Dealers Association.
CNCDA released its first-quarter 2017 report on Tuesday, showing 506,745 new-car sales in the period. That was up less than 1 percent from 503,463 in the opening quarter of 2016.
While new-vehicle registrations fell 1.4% nationally in January through March, California dealers experienced a 0.7% increase in registrations, putting the state on the path for another year of sales exceeding 2 million vehicles.
In the same time frame, 4.8% of new vehicles registered in the Golden State were zero-emission vehicles and plug-in hybrids, the highest share ever recorded.