Colonial Motor Co cautiously optimistic about 2018, wary of EV risk

Fri, 03 Nov 2017

By Sophie Boot Nov. 3 (BusinessDesk) - Colonial Motor Co, which listed on the NZ stock exchange in 1962, is cautious about forecasting in the year ahead despite its strong returns in 2017 and continued demand for new vehicles. At the motor vehicle distributor's 99th annual meeting in Wellington this afternoon, chair Jim Gibbons said it was difficult to give accurate forecasts from month to month, let alone six months ahead, but noted the first quarter to Sept. 30 had improved on last year and produced an excellent result. New car sales...

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