Search results for : new cars
New car sales 'flat'
August 23, 2013
New car sales 'flat'
A car dealer claimed yesterday that there has been a 180 degree turnaround in the proportion of used and new cars being sold in The Bahamas since pre-economic downturn levels, suggesting that as many as 75 percent of all cars being sold in recent times are used...
BCCEC'S response to the Budget Communication.
July 11, 2013
BCCEC'S response to the Budget Communication.
Bahamas Chamber of Commerce and Employers Confederation?s
response to Budget Communication.
After having consulted with our membership and the business community at large, including private sector employers, there have been grave concerns expressed over some of the pronouncements in the 2013/14 Budget Communication as to relates to certain revised taxes and some new tax initiatives by the Gove...
BCCEC concerned about tax hikes in budget
July 09, 2013
BCCEC concerned about tax hikes in budget
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) is expressing grave concerns over the government's 2013/2014 budget as it relates to taxation, specifically how it will impact the automotive industry and food prices.
In a statement issued by the BCCEC yesterday, while the business community accepts that taxes are necessary to maintain the fiscal soundness of our economy, "we bel...
Car Show Brings 'bump' in Sales
April 15, 2013
Car Show Brings 'bump' in Sales
Car dealers in the capital are expected to see a modest "bump" in sales following a successful show last weekend at the Mall at Marathon. Eight dealers, 80 cars and a myriad of banks and insurance companies packed the parking lots for the annual event.
VAT sparks cash flow fear
March 08, 2013
VAT sparks cash flow fear
Top manufactures in the country are sounding off on the possible impact of value-added tax (VAT) on cash flow. According to the government White Paper, manufacturers importing raw materials into the country must pay a 15 percent VAT off the top.
Our Automobile Affliction
March 05, 2013
Our Automobile Affliction
Last Monday, Prime Minister Perry Christie announced a reduction of duty on trucks to 65 percent and hinted at a possible revision of current motor vehicle duty rates. Our automobile affliction stems not entirely from high duty rates, but more from the lack of a cohesive and functioning mass...
Govt Slashes Excise Tax On Trucks
February 26, 2013
Govt Slashes Excise Tax On Trucks
Auto dealers are hoping recent announcements by the government to reduce taxes on large trucks is only the beginning of broader reform to modernize the sector.
Auto dealers urge title database
January 25, 2013
Auto dealers urge title database
The Bahamas Motor Dealers Association (BMDA) is urging the government to impose a title system on vehicles as a means of reducing crime and boosting revenue.
According to the association's latest report, car sales in Nassau increased 17.28 percent in 2012 compared to the previous year. However, that figure is deceptive for a number of reasons, said Fred Albury, owner of Executive Motors and pres...
Crime Crisis
December 06, 2012
Crime Crisis
Dear Editor,
A few months ago Bahamas Against Crime warned the nation that unless an effective intervention was made crime would increase as we approach the end of the year. Sadly, this is coming to pass.
30 New Patrol Cars For Police Force
November 30, 2012
30 New Patrol Cars For Police Force
National Security Minister Dr Bernard Nottage yesterday commissioned 30 new patrol cars for the Royal Bahamas Police force at a cost of just over $750,000.
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