BDMA disappointed by vehicle duty proposal

Upcoming changes to the customs duty on vehicles could trigger a shift in the used car market, with the head of the Bahamas Motor Dealers Association (BDMA) saying new car sales will become disadvantaged.
Fred Albury told Guardian Business that the government's decision to impose customs duty based on value rather than engine size will cause Bahamians to explore more options in the used auto mark...

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'Door closed'on many topend car buyers

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 ...

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BMDA Annual Car Show

Saturday 26th March 2011  10:00 AM

The Bahamas Motor Dealers Association is hosting their Annual Car Show in The Mall at Marathon. New Car Dealers, Insurance Companies and Lending Institutions will be onsite to put you behind the wheel of your new ride.

Start Time: March 26th at 10:00am
End Time: March 26th at 9:00pm
Where: The Mall at Marathon

BMDA Annual Car Show

Friday 25th March 2011  10:00 AM

The Bahamas Motor Dealers Association is hosting their Annual Car Show in The Mall at Marathon. New Car Dealers, Insurance Companies and Lending Institutions will be onsite to put you behind the wheel of your new ride.

Start Time: March 25th at 10:00am
End Time: March 25th at 9:00pm
Where: The Mall at Marathon

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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You can afford to buy a new car, at the Grand Bahama Annual Car Show

Freeport,
Bahamas - This year's annual Car Show, presented by the New Car
Federation of Grand Bahama in October, will show people how it's
possible to afford to purchase a new car this year. The show, planned
for

Saturday, October 29 from 10am to 4pm, will once again be at the RND
Plaza where there will be a lot of room for car companies, banks and
insurance companies to show you how it is ...

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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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'Flummoxed' over 24 auto sales fall

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 Nass...

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Fears tsunami may 'wash away' 25-42 new car recovery

By NEIL HARTNELL

Tribune Business Editor

Bahamian new car dealers remain concerned that the Japanese tsunami's impact on auto production could stunt signs of demand recovery, although they differed over how long the effects will last, one industry player yesterday saying it would only "be touch and go" for the next three-four months.

Fred Albury, owner/president of Executive Motors, the Toyota ...

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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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