Boroko Motors says business picking up

CAR dealer Boroko Motors says the market is slowly picking up with more people spending, according to an official.
WR Carpenter (PNG) Group of Companies group general manager, sales and marketing Michael Townsley said: “Some Government contracts have been given out and we are seeing people coming and looking for vehicles.
“The market has been strong,” he said.
“It has bounced back from earlier in the year in March and April where it flattened out a bit.
“But in the last two to three months, we are now starting to see some good number come through and it seems to be some really good buoyancy in the economy.”
He said the Government’s tax policy on reducing import excise on imported new and used vehicles in 2020 had an impact on business operations for Boroko Motors.
The changes implemented by the Government starting of January reduced customer pricing on new vehicles particularly SUVs (60 per cent to 20 per cent), double-cab utilities (40 per cent to 20) and luxury cars above 2.7Lt (110 to 40 per cent).
“There was a reduction in vehicle tax, were a lot of the vehicles where on 40 per cent and have reduced to 20 per cent, sure that has had significant impact in sales because vehicles have become more affordable,” Townsley said.
He said it was unfortunate that the Covid-19 impacted businesses.