FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

Automobile market collapses by over 40% Vote_lcap68%Automobile market collapses by over 40% Vote_rcap 68% [ 178 ]
Automobile market collapses by over 40% Vote_lcap18%Automobile market collapses by over 40% Vote_rcap 18% [ 47 ]
Automobile market collapses by over 40% Vote_lcap13%Automobile market collapses by over 40% Vote_rcap 13% [ 35 ]

Total Votes : 260

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» ACCESS ENGINEERING PLC (AEL.N0000)
by C.THARANGA Today at 12:38 am

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Captain Yesterday at 11:12 pm

» EXPO/BILL/LOLC
by Stockbull Yesterday at 9:39 pm

» EDEN HOTEL LANKA PLC (EDEN.N0000)
by Stockbull Yesterday at 2:06 pm

» The fate of NIFL .. CLC .. LOFC under LOCH
by svkiruba8@gmail.com Yesterday at 1:39 pm

» LOFC AND CLC Target Price??
by svkiruba8@gmail.com Yesterday at 1:36 pm

» Bitcoin could trigger financial meltdown, warns Bank of England deputy
by Sunimal Yesterday at 10:21 am

» VFIN super performance
by chandike73 Fri Oct 22, 2021 6:03 pm

» Today is the Best - Day to buy CLC ..!
by Sapudev Fri Oct 22, 2021 5:45 pm

» Thoughts on SINS
by Bakka1988 Fri Oct 22, 2021 2:52 pm

» LGL.N_UPDATES
by thananjey Fri Oct 22, 2021 2:43 pm

» Rubber prices hit 4-month high; here are key driving factors
by ResearchMan Fri Oct 22, 2021 2:13 pm

» Lubricant oil Prices increases for third time.. Keep eye on Industry
by rukshan1234 Fri Oct 22, 2021 1:40 pm

» Bad news, bulls: Bank of America sees stocks flatlining through 2022
by ResearchMan Fri Oct 22, 2021 1:28 pm

» Dusit Thani Sri Lanka project halted?
by js71 Fri Oct 22, 2021 12:59 pm

» China-US freight rates plunge
by ResearchMan Fri Oct 22, 2021 12:16 pm

» Europe Gas: Prices fall as drop in coal markets offsets higher demand
by ResearchMan Fri Oct 22, 2021 12:13 pm

» Maharaja after long time
by Wickyz Fri Oct 22, 2021 11:59 am

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by Wickyz Fri Oct 22, 2021 11:50 am

» LOLC gets balance $ 225 m from Cambodia PRASAC stake sale
by stockchaser Fri Oct 22, 2021 10:45 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Automobile market collapses by over 40%

Automobile market collapses by over 40%

2 posters

Go down  Message [Page 1 of 1]

1Automobile market collapses by over 40% Empty Automobile market collapses by over 40% Thu Jan 26, 2017 9:21 am

Rifanmoh


Equity Analytic
Equity Analytic
Automobile trade in Sri Lanka is facing extreme difficulties due to the recent regulations introduced by the government, the former chairman of the Ceylon Motor Traders Association (CMTA) Gihan Pilapitiya said yesterday.
“The overall showroom traffic had dropped more than 40 per cent and even most of these customers who walk in, go away without purchasing due to high pricing. In some cases certain vehicle showrooms have no customer visits at all in a day” he said.

“Last week’s leasing regulations announced by the Government for vehicles based on loan-to-value ratio, as proposed in the 2017 budget is another blow to sustainability of the trade.

“If leasing companies are ready to provide facilities and the buyer is agreeable with the settlement, there is no need for the Government intervention, to artificially regulate the trade” .
In addition to this it is also important that the decision makers figure out the cost of maintaining old vehicles and their environmental impact as well before policies are formulated.





http://www.dailymirror.lk/article/Automobile-market-collapses-by-over--122768.html

reyaz

reyaz
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Oh, that means we are stuck with these cars until the next reduction in duties?

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum