Chair Jim Gibbons noted the new vehicle market was down 22% compared with the previous year. The tail of Covid on the new vehicle market will continue to be a driving consideration for the industry. In Colonial Motors Company’s half-year results report, the company said it expected supply constraints and market volatility to “continue to define the market” in the months ahead, especially in the face of new import regulations on the horizon and continued shockwaves on the new-vehicle supply chain following Covid-19 lockdowns for manufacturers last year. Chair Jim Gibbons said the supply chain issues facing the industry at large were masked in the company’s bottom line noting higher profits and strong demand, especially in