February 22, 2021
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‘Sky’s the limit’: New auto sales soar 40%
The Bahamas Motor Dealers Association’s (BMDA) president yesterday voiced optimism that “the sky’s the limit” for the sector in 2023 after new car sales increased by “almost 40 percent” year-over-year for the first quarter.
Auto sector’s 20% rise beats ‘outrageous’ shipping costs
Bahamian auto dealers yesterday predicted new vehicle sales will close 2022 some 15-20 percent ahead of last year after the industry overcame “outrageous” shipping cost hikes and inventory shortages.
Embassies hit by 75% auto delivery plummet
Bahamas-based diplomatic missions are among those hit by a vehicle backlog where local dealers receive as little as 25 percent of their orders as the global supply chain crisis worsens.
Auto dealers take ‘blows all around’
The Bahamas Motor Dealers Association’s (BMDA) president yesterday said the industry is taking “hits all around” with his own new vehicle inventories now just 25 percent of pre-pandemic levels.
New vehicle sales ‘20% stronger’ than forecast
Auto dealers yesterday said new vehicles sales for early 2021 have been “20 percent stronger than projected” while warning that potential product shortages await in early summer.
Auto dealers brace for 70% orders fall
New car dealers are warning that the government’s tax earnings from the industry will be severely reduced with 2021 orders expected to be up to 70 percent off compared to pre-COVID levels.
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