By NEIL HARTNELL

Tribune Business Editor

It will take 15 years for Bahamian new car dealers "to get back up to the sort of industry that was there" pre-recession if last year's 3.27 per cent growth rate is maintained, with total sales levels down 50-60 per cent from their high.

While agreeing that last year's total new car sales growth, as measured by the Bahamas Motor Dealers Association (BMDA), was a modest bit of good news, dealerships spoken to by Tribune Business said the challenges faced by the industry, combined with the 2010-2011 Budget tax hikes and Excise tax structure change, and the general economic malaise were all working against any sudden rebound.

Andrew Bar ...

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