Colonial Motor warns of looming supply constraints

Staff reporters
Thu, 18 Feb 2021

Colonial Motor Co expects to face continuing supply constraints as disrupted supply chains make it harder to bring in new stock.However, the car dealer managed to boost first-half profit 58% to $12.8 million in the six months ended Dec 31, outpacing a 4.6% increase in revenue to $437.8m.Chair Jim Gibbons said the shipping issues were made worse by dealers overestimating the anticipated covid decline and ordering less stock than they needed, with significant shortages of new and near-new used cars as a result.“The subsequent faster and str...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Peter Beck on shotguns, Starlink, and the state of NZ’s entrepreneurs
Henry Burrell | Wed, 03 Mar 2021

The Rocket Lab chief executive also discussed publicly listing, company rivals, and working with Nasa.

Gas regulator scopes LNG imports for government
Gavin Evans | Wed, 03 Mar 2021

Gas Industry Co seeks advice on LNG imports, additional gas storage to ensure security of supply.

Primary Sector
Fonterra assessing jump in dairy prices while economists lift forecasts
Rebecca Howard | Wed, 03 Mar 2021

Bank economists were quick to lift their forecasts to well above Fonterra’s mid-point.

ASX in NZ: Capitalising on our ‘liberty of distance’

The tyranny of distance had prepared New Zealand corporate leaders well for the pandemic. We were already adept at running global businesses from afar, and as the world locked down, our remoteness became somewhat moot and the rest of the world began operating almost as remotely as we had always done.

How consumers can give local businesses a boost

Why this holiday is different for New Zealand SMEs.