A.C.V. HOPE FOR BETTER YEAR " IN recent months there
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has been an 1. improvement in our trading prospects, and the benefits of our rationalization and reorganization of the group should bear fruit during the current year." This was stated on Tuesday by Lord Brabazon, chairman of Associated Commercial Vehicles, Ltd.
At home, he said, passenger-vehicle operators had found their replacement requirements affected by the changing habits of the travelling public. After referring to the increasing use of small cars and scooters, Lord Brabazon stated that the demand for buses in this country might be past its peak, but the company were confident that with their range of new . vehicles they could maintain or 'increase their share of the market.
Purchase tax retarded expansion of home sales of goods vehicles. In spite of fierce competition abroad, sales had been maintained, although profit margins had to be cut.