Sri Lanka car imports recover in March but below last year’s level

ECONOMYNEXT – Sri Lankan car registrations recovered in March 2019 to 2,961 units, up from 2,347 units in February but significantly down from 6,207 units 12 months ago, brokerage JB Securities said in a report.

Total vehicle registrations rebounded on most categories in March, reaching 35,150 units, from 29,837 units the previous month due to the higher number of working days in March compared to February, the report said.

The number of brand new cars rose to 422 in March from 434 in February but significantly down from 1,069 units 12 months ago.

“Small cars (below 1,000cc) accounted for 79.3 percent of units. Financing share was 50.7 percent in line with the normal monthly average.”

JB Securities said pre-owned cars registered rose to 2,539 in March, from 1,913 units in February but significantly down from 5,138 units 12 months ago.

“Toyota was the segment leader accounting for 1,344 units (Vitz 1,157) followed by Suzuki recording 918 units (Wagon R 633).”

Small cars below 1,000cc accounted for 91.5 percent units. Financing share was 54.4 percent in line with the normal monthly average.
(COLOMBO, April 29, 2019)
 

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