Sri Lanka vehicle registrations down after Easter Sunday attacks
ECONOMYNEXT – Sri Lanka’s vehicle registration have fallen 18 percent in April from a month earlier to 28,599 units, in the wake of the disruption of economic activities following Easter Sunday suicide bombings.
Data compiled by JB Securities, a Colombo-based brokerage shows that registration of motor cycles, the cheapest and most popular vehicle fell to 22,753 units in April from 26,851, while three wheelers fell to 1,068 units from 2,192.
Motor cars fell to 2,120 from 2,960 in March, vans fell to 529 from 632 and SUVs and crossovers fell to 432 from 488.
Light trucks fell to 163 from 252 and pick-ups fell to 72 from 127.
There was a pick up hand tractors to 237 in April from a low of 141 in March. Large tractors also picke dup to 338 to 307.
Total vehicle registrations were down 30 percent from last year’s 41,151.
Vehicle imports have been slowing sharply from the third quarter of 2018, after the Sri Lanka’s soft-peg with the US dollar collapsed. (Colombo/Apr27/2019)