Sri Lanka vehicle registrations recover in July after Easter bombings
Monday August 26, 2019 06:59
ECONOMYNEXT- Vehicle registration in Sri Lanka has grown in July from a month earlier, as the country recovers after the Easter Sunday bombings, a brokerage said.
“There was a rebound across the board in July from the lows of June since the country is limping back to normalcy post Easter Sunday bombings,” JB Securities said in a report.
The JB Securities report showed that total vehicle registrations were 31,715 in July up from 26,201 in June.
Motor cycle and scooter registrations grew to 24,739 in July from 21,416 a month earlier.
Motor cars grew to 2,584 from 222 while three wheelers rose to 1,118 from 821.
Mini trucks grew to 210 from 156 while light trucks rose to 210 from 156.
Medium trucks grew to 166 from 168 while heavy trucks increased to 121 from 81.
Hand tractors rose to 158 from 134. Large tractors fell to 160 from 182.
Total vehicle registrations however have fallen from 42,099 a year earlier following the second monetary instability created by a currency collapse starting in August 2018. (Colombo/Aug26/2019)