New car sales at 'acceptable level' if back to 75-80 of pre-bust data

Tue, Nov 23rd 2010, 10:00 PM

By NEIL HARTNELL

Tribune Business Editor

THE Bahamian new auto market would have recovered to an "acceptable level" if it returns to 75-80 per cent of pre-recession sales levels, the Bahamas Motor Dealers Association's (BMDA) president said yesterday, as current sales levels - although 50-60 per cent behind pre-recession levels - continue to show improvement.

Andrew Barr, who is also Friendly Ford's sales manager, said the 17.76 per cent year-over-year new auto sales increase reported by BMDA members for October 2010, coupled with the 1.84 per cent improvement for the first 10 months of the year compared to 2009, indicated the economic climate facing the industry was "bec ...

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