Fears tsunami may 'wash away' 25-42 new car recovery

Wed, May 11th 2011, 11:00 PM

By NEIL HARTNELL

Tribune Business Editor

Bahamian new car dealers remain concerned that the Japanese tsunami's impact on auto production could stunt signs of demand recovery, although they differed over how long the effects will last, one industry player yesterday saying it would only "be touch and go" for the next three-four months.

Fred Albury, owner/president of Executive Motors, the Toyota dealer, and Rick Lowe, operations manager at Nassau Motor Company (NMC), the Honda supplier, both expressed concern that the tsunami's fallout could create inventory shortages that could undermine Bahamian demand, having seen sales increases ranging from 25-42 per cent in recent months. ...

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