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Importers say vehicle prices will go up

22 September 2018 11:40 am - 14     - {{hitsCtrl.values.hits}}


Prices of vehicles would be increased by at least Rs. 250,000 as an impact of the depreciation of Sri Lankan rupee against the US Dollar, the Vehicle Importers Association Lanka (VIAL) President Indika Sampath Merenchige said.

The value of Sri Lankan rupee dropped to a new record low of 170 against the US Dollar yesterday.

According to the the foreign exchange rates issued by the Central Bank of Sri Lanka, the selling price of US dollar was Rs.170.65 while the buying price was shown as Rs. 166.78.

  Comments - 14

  • L C A Saturday, 22 September 2018 11:56 AM

    Good that the vehicle prices go up, but only until the infrastructural development of the road network is completely taken place.

    Mm Saturday, 22 September 2018 12:02 PM

    usless government. We the Ordinary man is finished! Everything Is getting sooooo expensive

    Razmi Saturday, 22 September 2018 12:03 PM

    To All the Vehicle Importers, you guys had imported more than enough Motor vehicle to this tiny little Island, please import some Food instead of Cars you guys can mint money!

    Arnold Saturday, 22 September 2018 02:48 PM

    If we have a decent public transport network like in Singapore, we wont need cars. We are taxed like in Singapore, with facilities just a bit higher than that of Somalia.

    Patriot Saturday, 22 September 2018 12:56 PM

    Vehicles are already in Sri Lanka before depreciation, Why you want to increase prices ? If you receive new stock, then it is understood the prices will go up.

    Unchikun Saturday, 22 September 2018 01:03 PM

    I call these guys scammers . We all know the depreciated rupee will increase the car prices. Get down buses instead.

    Suresh Saturday, 22 September 2018 01:11 PM

    Hope govt will reduce tax to compensate

    Shelly Saturday, 22 September 2018 01:44 PM

    Importers should go to hell. This country needs expoters.Enough you sucked blood of our motherland.

    Lokka Saturday, 22 September 2018 02:02 PM

    Stop import of vehicles and non-essential goods till the rupee stabilises. But I doubt this will ever happen.

    Sumal Saturday, 22 September 2018 02:06 PM

    What about Japanese and Vehicles from Europe? It's only the USD which went up. Not the Yen, pounds or the Euro.

    Zuh Saturday, 22 September 2018 02:10 PM

    No need to worry, we can buy our local made wolkswagen. Under yahapalana

    andy Saturday, 22 September 2018 02:57 PM

    You can also buy your rocket to go to the moon from the Rajapakses

    Jaliya Saturday, 22 September 2018 04:17 PM

    For these prices cars should come with at least a bathroom and a kitchen. Combine that with the rush hour traffic you have a facility that you can call home ..... pull your moving condo up to the side of the road and you're at home !!

    Kathira Sunday, 23 September 2018 08:42 AM

    Better use bullcarts, charriots and horses like old golden days. No need to import! Environment friendly! No fuel.Save money!!!!!!!

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