Suzuki small cars dominate Sri Lanka August vehicle registrations
ECONOMYNEXT – Suzuki small cars continued to dominate new and pre-owned vehicle registrations in Sri Lanka in August as well as hybrids, an analysis by an equities research house shows.
In the brand-new segment, August recorded 890 units, marginally down from 904 units the previous month and 1,183 units 12 months ago, JB Securities, a Colombo-based brokerage said.
Small cars below 1,000 cc accounted for 93.4% of total volumes, it said.
“Maruti/Suzuki continued to be the market leader accounting for 465 units – 255 Wagon Rs, 150 Altos and 60 Celerio models,” the report said.
Financing’s share was 54.6%, slightly down from 55.2% the previous month.
“Preowned cars recorded 6,112 units in August, marginally down from 6,258 units in July but almost 200% up from 12 months ago,” JB Securities said.
Small cars accounted for 89.4% of total volumes – 5,466 units.
“Suzuki accounted for the bulk of small cars, recording 3,726 units,” JB Securities said.
The report said 650cc Suzuki models accounted for 3,486 units comprising mainly Wagon R followed by Spacia.
Next came Toyota with 1,493 units of which 1,000 cc models accounted for 1,020 units, mainly Vitz.
Financing’s share was 55.5% in line with the previous month.
(COLOMBO, 25 September, 2018)