Colonial Motor Co expects 2016 profit, dividends to match 2015

Fri, 06 Nov 2015

By Tina Morrison Nov. 6 (BusinessDesk) - Colonial Motor Co, the listed motor vehicle distributor, expects 2016 profit and dividends to be similar to last year as better growth in city dealerships offsets lower demand in rural areas. Data published this week showed new vehicle sales had their strongest October month on record, with the annual tally heading for a new high. Still, sales of passenger vehicles were boosted by rentals which aren't supplied by the Colonial Motor Co., and commercial vehicle sales appeared to have plateaued as agr...

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