Gloomy recession dents Colonial Motor Co
Listed car company says it was a year of ‘two halves’ as higher interest rates and subdued consumer demand resulted in a weaker performance.
Colonial's stable includes Ford and Mazda dealerships.
NZX-listed Colonial Motor Company has been hit by a trifecta of headwinds, notably the recession, along with high interest rates, and subdued customer demand.
Today, the company, which has key Ford and Mazda dealerships around the country, reported its preliminary unaudited results for the year
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