Foreign-used car dealers and the Ministry of Trade have agreed to maintain a quota of 13,500 used cars annually. Visham Babwah, head of the TT Automotive Dealers Association (TTADA) said the association met with officials of the ministry on Thursday. He said the ministry admitted that they did not consult the TTADA before they invited applicants to become used car dealers.
Babwah, the CEO of P&V Marketing, said the TTADA wanted to see the unused quota go to active dealers who had a limited number of cars they could bring in for the year. He said some of the 399 car dealers in T&T could only import ten cars for the year, making their operations economically unfeasible. Babwah said these dealers should get a boost in their quota as well as the quota should be raised for those who had a desire to import more cars.
"The quota should be increased to all existing dealers since they have been suffocated for the past five years because with the quota system dealers got a fraction of what they imported before the quota was implemented. "But this was slashed by ten per cent annually for the three years following the implementation," Babwah said.
The TTADA believes that only after this is done that the remainder of the quota should be shared amongst any newly registered dealers. Babwah said there were many inactive dealers but there was no system in place by the ministry to remove these dealers. Babwah said TTADA wants the government to start imposing stricter regulations on the industry since he believes there are some unscrupulous dealers giving the majority a bad name.
He said TTADA wants the ministry to put laws in place to deal with unauthorised unregistered persons posing as dealers. Babwah said the ministry and TTADA will meet in January for further discussions to improve the industry.
