Vehicle prices may go up by 9% due to exchange rate hike: VIASL

23 March 2018 10:00 am - 13 - {{hitsCtrl.values.hits}}

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The prices of imported vehicles were likely to increase by at least 9 percent because of the increase in the exchange rate of Japanese Yen, Sterling Pound, Australian and US dollars, Vehicle Importers Association of Sri Lanka (VIASL) said today.

Speaking to the Daily Mirror VIASL Chairman Ranjan Peiris said the selling rate of a Japanese Yen had increased up to Rs.1.50 from Rs.1.37.

“Small vehicles such as Suzuki Wagon R and Toyota Vitz will be increased by Rs. 250,000. This will only be applicable for future vehicle imports,” he said.

“At the 2017/18 Budget proposals, import duties were slashed to 8 percent from 12 percent for some motor vehicles, including those are less than 1000cc.

“Therefore, the VIASL requests people to buy from existing vehicle stocks before the price increase,” Mr. Peiris said. (Chaturanga Samarawickrama)

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Comments - 13

Dee Friday, 23 March 2018 10:34 AM

Knowing Sri Lanka even 20 year old vehicles will be jacked up by 10%

goonbag Friday, 23 March 2018 01:38 PM

There is no such thing as depreciation of a vehicle in Sri lanka

ANTON Friday, 23 March 2018 10:41 AM

DOES THIS AFFECT NEWLY APPOINTED PC MEMBERS ?

suresh Friday, 23 March 2018 03:26 PM

never has, never will - in SL

Unchikun Friday, 23 March 2018 10:55 AM

This is common sense. When the Japanese yen depreciates, this will normally happen. They are trying to improve their sales by misleading the public. and they have there hidden agendas.

Sethung Friday, 23 March 2018 11:06 AM

No! Better to import directly rather than buying from existing car sales crap. You Car Seller buwas would like to sell your existing crap stock. Don't you?

Refaideen Friday, 23 March 2018 11:23 AM

Indirectly persuading the public to buy a car.

Jaliya Friday, 23 March 2018 02:05 PM

Soon it will be cheaper to put some wheels on to your apartment house and find some laborers to push it around town.

Arnold Friday, 23 March 2018 02:10 PM

High vehicle prices means higher cost of living and higher cost of production for everything. Our products are fast becoming too expensive for the world market.

sachith Friday, 23 March 2018 03:02 PM

"Vehicle Importers Association of Sri Lanka" should change to "Merchants of Venice".

xotikar Friday, 23 March 2018 06:00 PM

Why are you telling the people to it when the price goes up? Why aren't to you telling the people when the price comes down? Do you have big stock?

Gayan Friday, 23 March 2018 08:21 PM

What those people who voted expecting to get a car for lesser price say now? Where is that nangi came in a bike in the rain now?

Be Fair Friday, 23 March 2018 09:55 PM

Translating what VIASL said. "Buy Now for us to make more money, before the next Junk is imported."

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Vehicle prices may go up by 9% due to exchange rate hike: VIASL

Comments - 13

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