GEORGETOWN, Guyana — B.M. Soat Auto Sales & Rentals has rejected what it described as unbalanced media coverage by Demerara Waves Online News, saying recent reports referencing the company relied on unnamed sources, made broad claims, and were published without offering the business an opportunity to respond.
In a statement issued by its management, the Guyanese-owned automotive dealer said it respects the role of the media but expressed concern that the reporting risked creating public misunderstanding and did not meet accepted standards of balanced journalism.
“Such speculative reporting risks creating public misunderstanding and falls short of balanced journalistic practice,” the company said.
B.M. Soat said it operates within the laws of Guyana and conducts its business with integrity, adding that as a matter of principle it does not engage in speculation or publicly debate unverified claims.
The company pointed to its economic contribution, noting that it is among the country’s leading automotive dealers. According to the statement, B.M. Soat sold more than 1,500 vehicles in 2025 alone, with all transactions processed through established regulatory channels. The company also said it has paid billions of dollars in taxes and duties over the years, reflecting what it described as its role as a responsible taxpayer.
B.M. Soat further highlighted its financing model, which it said prioritises access and opportunity by offering vehicle ownership options with down payments as low as $500,000. The company said this approach absorbs risks that many dealers, banks and financial institutions avoid, enabling thousands of Guyanese to improve their mobility and livelihoods.
Addressing operational challenges, the company said that, like other financing-based businesses, it faces persistent loan defaults and resistance to lawful repossession, realities it said underscore the complexity of operating in the sector.
The company said it does not condone misconduct in any form and called for responsible public discourse.
“Public confidence is best served by verified facts, fairness, and due process, not conjecture or anonymous commentary,” the statement said.