Reading the above headlines one would not think it would be related to Jamaica, but it is. ATL which is the home of luxury car Audi, moved it sales from 10 vehicles in 2010 to 178 in 2012 or an increase of 1780% !
http://mobile.jamaica-gleaner.com/gleaner/20130731/business/business1.php
Now this is certainly good news for the Adam Stewart led ATL and all those involved, in being able to get Jamaicans to enjoy luxury at its best.
There is one troubling question for me however and its, who are buying up these vehicles and where is the money coming from to make these purchase. In a time when the Jamaican economy is creaking , struggling and at the point of collapse given that the country is broke, how can we be seeing these big jump in luxury car sales.
Jamaica is truly a very strange country, where the things that occur defy logic.
The banks in Jamaica have largely been complicit in what seems to be going on here given the fact that they are offering up 100% financing for motor vehicle purchases while refusing to offer loans for many start-up business, which could generate jobs and create real wealth.
Very strange country indeed.
This was puzzling me recently as well. Strange is an understatement.
Our “nation builders” offer loans to small businesses at interest rate between 25-52%. Our “nation builders” provide 100% financing for cars. Our “nation builders” have saddled the Country with a 1.8 Trillion debt, quite complicit in offering loans to successive govts who have been bankrupt in ideas and decency. When will our people start rebelling against this con game?