Search results for : car dealers

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News Article

March 13, 2014
Local GM car dealer 'did not import' recalled vehicles

The local authorized retailer for General Motors said that the major recall of certain types of GM cars does not affect their operation as it has never imported the models involved.
Rick Lowe, operations manager for the Nassau Motor Company, said that the decision by General Motors to recall the 1.6 million vehicles could still impact Bahamians if they imported the cars privately or bought them fr...

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News Article

December 11, 2013
Car dealers fear 'uncontrolled' second hand car sales

Already fearing an eight per cent profit cut post-value-added tax (VAT), President of the Bahamas Motor Dealers Association Fred Albury said big questions remain unanswered regarding key factors that could affect the capacity of car dealers to make competitive sales under the new tax regime.
Fred Albury, owner of Executive Motors, said one of the major concerns he has is how used car dealers will ...

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News Article

November 24, 2011
CAR DEALERS SUFFER 75M REVENUE HIT

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 avera...

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News Article

March 30, 2011
Car dealers fear supply shortages

By NEIL HARTNELL

Tribune Business Editor

Bahamas Motor Dealers Association (BMDA) members have expressed concerns over whether their new vehicle supplies will meet demand, especially if last weekend's Car Show stimulates buyer activity, due to factors such as the Japanese earthquake and worldwide demand for the latest model.

This, they told Tribune Business, will be compounded by the fact most ...

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News Article

February 20, 2011
Car dealers: 15 years to recover from 50-60 drop

By NEIL HARTNELL

Tribune Business Editor

It will take 15 years for Bahamian new car dealers "to get back up to the sort of industry that was there" pre-recession if last year's 3.27 per cent growth rate is maintained, with total sales levels down 50-60 per cent from their high.

While agreeing that last year's total new car sales growth, as measured by the Bahamas Motor Dealers Association (BMDA...

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News Article

June 24, 2010
Customs boss says car dealer has agreed to pay up

Customs Comptroller Glenn Gomez has confirmed that Nassau Motor Company (NMC) has agreed to pay outstanding duty owed to the department pending a calculation of what is owed.

The agency is also seeking to resolve other pay issues involving those affected by the vehicle duty rate changes announced during the Budget Communication on May 26, the comptroller added.

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News Article

June 22, 2010
Car dealer allegedly shortchanged Customs

A local car dealer cleared six SUVs through the Department of Customs at a rate of 60 percent, the day after Prime Minister and Minister of Finance Hubert Ingraham raised the duty rate on such vehicles to 85 percent, The Nassau Guardian has learned.

In total the car dealer allegedly shortchanged customs by more than $28,000, according to documents obtained by The Guardian.

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News Article

December 01, 2016
Auto Dealers 'Take A Bath' From Matthew

New car dealers yesterday told Tribune Business they “really took a bath” in October, with sales “the worst” in recent memory due to Hurricane Matthew and the struggling economy.

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News Article

August 31, 2016
New car sales down 63 percent since 2007

New car sales decreased by 63 percent from 2007 to 2015, according to Nassau Motors Company (NMC) Director and Operations Manager Rick Lowe.

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News Article

July 01, 2016
Is there life after leather?

OPTIONS FOR SEATING SURFACES do not generally extend beyond leather, a leather lookalike, some sort of utilitarian twill fabric or, if you happen to be in the market for a used Oldsmobile, button-tufted velour.

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