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Vehicle registration increased in Sri Lanka in January Vote_lcap68%Vehicle registration increased in Sri Lanka in January Vote_rcap 68% [ 178 ]
Vehicle registration increased in Sri Lanka in January Vote_lcap18%Vehicle registration increased in Sri Lanka in January Vote_rcap 18% [ 47 ]
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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Vehicle registration increased in Sri Lanka in January

Vehicle registration increased in Sri Lanka in January

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Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Feb 09, Colombo: Sri Lanka has seen an increase in vehicle registrations in the first month of this year, Commissioner General of the Department of Motor Traffic, H.S. Harischandra has said.

The Motor Traffic Department has registered 30,000 vehicles in January this year, according to the Commissioner General.

The vehicle registrations dropped sharply last year after the government raised the taxes for vehicle imports to curb the increasing trade deficit and fuel expenditure.

The number of vehicles registered in the first eleven months of last year dropped by 22.7 percent when compared to the same period in 2011. In November alone, new vehicle registrations declined 45 percent, according to the Central Bank.
http://www.colombopage.com/archive_13A/Feb09_1360394708CH.php

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
I think the case is decreased YEN price.. Cool

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
i remember there were permits issued by the government servants.....so we need to analyse much deeper to see whether private individuals are the main cause for this sudden increase and if so whats the effect on this to overall increase in registrations......

also remember the clause for the restriction of transfer under permits vehicles was removed....

i prefer to see brand new vehicle registration increase rather than 2nd hand vehicles.

TAH

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