UPDATE: Car dealers report slow day @ auto sale
However there was a conspicuous absence of buyers as car dealers report a very slow day where up to 2:00 pm – one hour before the scheduled end – the customers were few and far between.
Sales agent Sophia Richards of VI Motors said the sales were “very slow” even though they spoke with a few customers.
She said that VI Motors only had two kinds of vehicles as part of the sales. “We have two kinds of vehicles on the lot both of which are made by Honda; the CRV which is going for $33,900 and the HRV for $28,900. Both of them are very economical in gas, are four wheel drive and are very, very comfortable,” said Richards.
She said that while the Honda CRV is a vehicle which has been on the market for years, the Honda HRV is a new entrant.
Richards said that while the HRV was smaller than the CRV it was still very roomy and powerful and makes for a good purchase.
Sales Manager at International Motors (Fish Bay) Kazim Prescott said, “It has been a little slow this morning. We are hoping that it picks up this afternoon when people come into the bank to do their business.”
“For the day I probably did about five bills of sale so far so I am hoping that those would materialise into customers driving away their vehicles,” he said.
Prescott said that International Motors (Fish Bay) had on display various lines of Mercedes Benz and Mitsubishi vehicles on a range of different price levels including the Mercedes Benz ML, GLA and GLK and Mitsubishi Montero, Montero Sport and Sport Terra.
Following making their choice of vehicle, customers are then invited into 1First Bank to complete the necessary transactions contingent on meeting all requirements for obtaining credit.
See previous article published on September 14, 2015:
CIL & 1First Bank to partner on car sale
- to be held on September 18, 2015 @ 1First Bank parking lot
ROAD TOWN, Tortola, VI - This Friday September 18, 2015, Caribbean Insurers Limited will again be partnering with 1First Bank on an auto sale.
The event is slated to take place in the parking lot of 1First Bank and will go from 9 am until 3 pm.
A number of auto dealerships are said to be taking part. These include Alphonso’s Garage, Burke's Garage Limited, International Motors Limited, International Motors (Fish Bay) Limited, Nibbs Auto Sales and VI Motors.
1First Bank will be offering a rate of 6.9 percent APR while Caribbean Insurers Limited will also be offering benefits to customers who carry out purchases on that day.
Managing Director of CIL Brian W. Jermyn explained the insurance company's aim in hosting another sale with 1First Bank, the previous one being in December 2014.
"We're partnering with 1First Bank and some of the car dealers. We've got a good selection of cars that are going to be there. Each car dealer will bring out a few cars...a few different makes.and models and the public will get to see many different cars in one location without having to go to various dealerships around the island," he said.
"1First Bank will be offering a very good rate of 6.99 percent and Caribbean Insurers Limited will also be offering some special rates of insurance for anybody who does buy a car on the day."
Customers will be required to make a deposit of 10 percent towards the vehicle they want to purchase and will be subject to credit approval upon the submission of all of the required documentation.
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24 Responses to “UPDATE: Car dealers report slow day @ auto sale”
- Depreciates rapidly as soon as its driven off the lot
- idiotic drivers are prone to smash your new beel .... then u will have headaches with insurance if your beel gets write off ... your ride cost 33k and insurance will want to tell u some bull that they can only give u 7k for a replacement ride !!! BS
when u can get a 5k hand me down right here from someone ... and not REALLY grieve when it gets bumped !!!