New auto sales in 9.8 July decline

Tue, Sep 7th 2010, 11:00 PM

By NEIL HARTNELL

Tribune Business Editor

Bahamian auto dealers will have to wait a little longer before they can tell the Government: 'I told you so' over its Budget tax changes for the industry, one leading executive told Tribune Business yesterday, although the future outlook appears ominous given the 9.8 per cent decline in July 2010 new car sales.

Noting Customs Comptroller Glenn Gomez's assertion in yesterday's Tribune Business that he had noticed a decline in auto imports to the Bahamas during the early months of the 2010-2011 Budget year, something he attributed to the tax increases on the sector, Rick Lowe, Nassau Motor Company's (NMC) operations manager said thei ...

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