Jacqueline Stewart Lechler - Gleaner file photo
Chair of the Automobile Dealers Association, Jacqueline Stewart Lechler, is warning the public that the announcement of an 80% reduction in the bond paid by importers of new vehicles will not lead to an automatic reduction in the prices of new cars.
On the contrary, she stressed that her members may decide to use the savings that will flow from this move to invest in their businesses.
Finance Minister Fayval Williams announced the planned reduction during her opening budget presentation in the House of Representatives Tuesday.
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