{"id":17523,"date":"2012-01-31T08:54:35","date_gmt":"2012-01-31T13:54:35","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=17523"},"modified":"2012-01-31T08:55:12","modified_gmt":"2012-01-31T13:55:12","slug":"bahamas-auto-industry-recovering-from-mixed-bag-year","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2012\/01\/bahamas-auto-industry-recovering-from-mixed-bag-year","title":{"rendered":"Bahamas Auto Industry Recovering From &#8216;Mixed Bag&#8217; Year"},"content":{"rendered":"<figure id=\"attachment_17524\" aria-describedby=\"caption-attachment-17524\" style=\"width: 200px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-17524\" title=\"bmda\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/01\/bmda.jpg\" alt=\"\" width=\"200\" height=\"150\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/01\/bmda.jpg 200w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/01\/bmda-150x112.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><figcaption id=\"caption-attachment-17524\" class=\"wp-caption-text\">Bahamas Motor Dealers Association<\/figcaption><\/figure>\n<p>A leading auto dealer believes the industry will &#8220;eventually&#8221; recover to levels comparable to its 2007 peak, despite 2011&#8217;s new car sales being almost 50 per cent down on that banner period in what was described as a &#8220;mixed bag&#8221; year.<\/p>\n<p>Rick Lowe, secretary of the Bahamas Motor Dealers Association (BMDA), acknowledged that while the sector had &#8220;a long way to go&#8221; to return to 2007 sales levels, it could take comfort from how it recovered from previous market shocks, such as the Japanese yen&#8217;s appreciation against the dollar in the mid-1980s.<\/p>\n<p>Speaking to Tribune Business after BMDA members saw a collective 14.71 per cent increase in new vehicle sales year-over-year in 2011, compared to 2010, Mr Lowe said he also detected that businesses &#8211; both inside and outside the auto industry &#8211; were now &#8220;more positive&#8221; than they had been for some years. This was despite 2011 new car sales being down 49.68 per cent on peak 2007 levels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A leading auto dealer said that despite 2011&#8217;s new car sales being almost 50 per cent down, the industry will eventually recover to levels comparable to its 2007 peak.<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[75,153,29],"class_list":["post-17523","post","type-post","status-publish","format-standard","hentry","category-business","tag-automobiles","tag-business-2","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/17523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=17523"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/17523\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=17523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=17523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=17523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}