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Car dealer Colonial reaps record profit despite lumpy supply

New vehicle customers are facing waits of up to seven months in delivery.

Julie Iles Fri, 13 Aug 2021

NZX-listed Colonial Motor Company has reaped a record profit as Covid's impact to the new vehicle supply chain endures. 

The Wellington-based company recorded a $27.9m profit in the year to June 30 - up 61% year-on-year and up nearly 20% on its previous record year in 2018. 

Colonial Motor

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Car dealer Colonial reaps record profit despite lumpy supply
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