Bahamian new car dealers yesterday told Tribune Business that the Central Bank of the Bahamas' interest rate reduction would have minimal impact on vehicle demand, given the increased costs produced by Excise Tax and manufacturing cost rises. Andrew Barr, Friendly Motors' sales manager, told Tribune Business that while the 0.75 percentage point reduction in the Discount Rate would help, it was unlikely to have a major impact on new car demand, especially for high-end vehicles such as the Ford Explorer that now cost $50,000-plus. "Anything along those lines will have an impact, but when you're talking about a $50-$60,000 vehicle, that ...

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