Volvo Cars' sales fell by 3% year-on-year in December to 73,804 cars as the sale of hybrid vehicles declined, the Sweden-based automaker said on Tuesday.

Cars (ST:VOLCARb) has posted a 3% drop in overall sales in December, due in part to weak demand for some of its hybrid vehicles, according to figures released by the automaker on Tuesday. Total (EPA:TTEF) sales

Volvo Cars experienced a 3% year-on-year decline in sales during December, with 73,804 cars sold, as the market for hybrid vehicles showed signs of cooling. However, this dip was juxtaposed with a substantial 20% year-on-year increase in the sales of electrified vehicles,

Toronto’s housing market quieted down in December as sales slowed. Transactions in Canada’s largest city dropped nearly 19% from November on a seasonally adjusted basis, the first month-over-month decline since July,

Greater Toronto Area home sales tumbled to a five-month low in December, rounding out a subdued 2024 for the market as historically elevated borrowing costs kept sales in check for much of the year, data released on Tuesday showed.

Greater Toronto home sales fell slightly last month to cap a year that saw buyers take advantage of "substantial negotiating power" on price.