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Car sales and service spike for first ten months of year

The article from The Royal Gazette reports a significant increase in car sales and service activities in Bermuda for the first ten months of 2024. According to the Bermuda Motor Dealers Association, new car sales rose by 15% compared to the same period in the previous year, driven by a demand for electric and hybrid vehicles. Additionally, there was a 20% increase in service and repair work, attributed to an aging vehicle fleet and a push towards maintaining older cars due to economic considerations. The article highlights that despite global supply chain issues, local dealerships managed to keep inventory levels stable, aiding in the sales surge. The trend reflects a broader shift towards sustainability and economic prudence among consumers, with many opting for more fuel-efficient or electric models and extending the life of their current vehicles through regular maintenance.

Read the Full The Royal Gazette Article at:
[ https://www.royalgazette.com/local-business/business/article/20241211/car-sales-and-service-spike-for-first-ten-months-of-year/ ]