CAR DEALERS SUFFER 75M REVENUE HIT

Thu, Nov 24th 2011, 10:00 PM

By NEIL HARTNELL

Tribune Business Editor

BAHAMAS Motor Dealers Association (BMDA) members saw their collective sales revenues fall by more than $75 million over the first 10 months of the years between 2009-2011, one dealer suggested yesterday, although current statistics indicate the sector is headed in the right direction.

Admitting that his estimate was conservative, being based on an average new vehicle sales price of $25,000, Andrew Barr, sales manager and a director of Friendly Ford, told Tribune Business that the scale of the top-line decline showed just what an "outstanding achievement" it had been for Bahamian new car dealers not to lay-off staff in any sizeable numbers.

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