Luxury vehicle registration reaches peak in July

14 August 2013 08:52 am - 1     - {{hitsCtrl.values.hits}}

A A A

Registration of luxury vehicles have reached highest levels for 2013 with 729 registrations in July, an equity brokerage report showed.

According to J.B. Securities analysis, total registrations of luxury cars peaked 135 units in July, the highest since January’s 134 registrations, amounting to a notable recovery in the segment compared with 47 units in July 2012.

Additionally, a further 594 registrations of SUVs were recorded during the month, against a previous 409.

Notably a total of 16 Jaguars were registered during the month, the highest ever figure by the super-luxury brand in a single month.

BMW continued to dominate the luxury segment with 68 brand new registrations during the month against just 6 registrations last year and 31 in June 2013.

Mitsubishi Monteros led the way in the SUV category with 176 registrations against a previous 168 and peak of 571 registrations in May 2012.

Toyota was second in registrations in terms of SUVs with 105 registrations up sharply from 44 registrations previously.

 Land Rover’s popularity has also been on the rise in recent months reaching 91 registrations in July, the highest ever recorded for Land Rover with registrations including 66 units of the latest Range Rover Evoque.

Data on July’s registrations followed news that the government had decided to create a new category of slashed duty permits between US$ 30,000 to US$ 35,000 while also reducing concessionary rates for permit holders.

Industry insiders told Mirror Business that the introduction of a new category of permits is expected to introduce new types of luxury vehicles into the country, particularly in the SUV category and despite increased costs of importation consequent to the revision of concessionary rates.

The slashing of concessionary rates does not apply to Sri Lankan politicians who still enjoy duty free imports on vehicles.

Meanwhile overall registrations of Cars reached 2,305 units during the month, against 1,320 previously, boosted by a recovery in the pre-owned car segment.

Pre-owned cars touched 1,495 registrations, as compared with just 618 in 2012 while in the brand new segment, 810 cars were registered, up from 702 registrations last year.

Maruti/Suzuki led the brand new, mass market car segment with 275 registrations against a previous 236 registrations and a high of 1,266 registrations in February 2012.
See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 1

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 
  • Ahamaed Refai Thursday, 15 August 2013 04:36 AM

    Can someone give an indication as to how many were registered with Puplic and Private sector. As we would like to know where is our tax payments are going?


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




“I don’t think Sri Lankans can be realistically ruled by force” -Ahimsa Wickrematunge

Twelve years after the assassination of Lasantha Wickrematunge, the founding

Decisions to be made in Sri Lanka’s hunt for the COVID-19 Vaccine

Around the world, governments are gearing up to roll out nationwide immunizat

“I am the Godfather of Russian tourists” - Udayanga Weeratunga

Former Sri Lankan Ambassador to Russia Udayanga Weeratunga is back in the sce

Sri Lankan migrant workers still in limbo

Sri Lanka’s migrant workers are a significant part of our economy, with the

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.