Chair Jim Gibbons noted the new vehicle market was down 22% compared with the previous year.
The tail of Covid on the new vehicle market will continue to be a driving consideration for the industry.
In Colonial Motors Company’s half-year results report, the company said it expected supply constraints and market volatility to “continue to define the market” in the months ahead, especially in the face of new import regulations on the horizon and continued shockwaves on the new-vehicle supply chain following Covid-19 lockdowns for manufacturers last year.
Chair Jim Gibbons said the supply chain issues facing the industry at large were masked in the company’s bottom line noting higher profits and strong demand, especially in
Grand Neo-Georgian Mansion Stands Just Outside New Zealand’s Capital City
The seven-bedroom 1929 home is in the affluent suburb of Khandallah By BILL CARY |
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Price: NZ$6.6 million (US$4.6 million)
This stately neo-Georgian mansion that sits just outside New Zealand’s capital city of Wellington was built in 1929 for Robert Barnes Gibbons, a car importer for the Colonial Motors Company.
The house, known as Box Hill, was designed by Joseph Dawson, a partner in the architectural firm of King and Dawson and a “renowned architect of the time,” listing agent Glen Jones said. The cost of construction “was said to be £9,500, which was quite a bit of money.”