By NEIL HARTNELL

Tribune Business Editor

Bahamian new car dealers "are sort of flummoxed" that vehicle sales for the 2010 third quarter declined by 24.26 per cent compared to the June quarter, Tribune Business has been told, the sector having anticipated a "boost" from the fact they were selling inventory not impacted by the 2010-2011 Budget tax increases.

Rick Lowe, operations manager at Nassau Motor Company (NMC), said the industry was "in a quandry", having felt it was likely to see a bump-up in new car sales for the three months to end-September 2010 as Bahamian consumers moved to exploit the lower prices available on models imported prior to the end-May Budget t ...

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