Unusual price increase in local vehicle market: VIASL

20 September 2020 06:38 pm - 10     - {{hitsCtrl.values.hits}}

A A A

Resulting in the Government's decision to ban the import of motor vehicles and luxury goods from March 19, the local vehicle market has become unstable, the Vehicle Importers Association of Sri Lanka (VIASL) President Indika Sampath Merinchige said.

He told Daily Mirror that vehicle prices in the local market had been increased.

Accordingly, the prices of the second-hand vehicle market had been increased at a price range between Rs. 200,000 to 500,000 the VIASL President said.

“Having this kind of market in vehicle sales is not good for its future. 40 per cent of the vehicle sales centres had to be closed due to the lack of brand-new vehicles for sale. Most of them had taken the land for rent or lease. Even though the vehicle sale is zero the lease or the rent has to be paid,” he said.

However, there are about 1,000 brand-new vehicles available in the market which is not sufficient for the demand, Mr Merinchige said.

Therefore, he requested the Government to take decisions to bring this unusual situation under control while implementing solutions such as permitting the import of Japanese vehicles which are at least within seven years from the vehicle manufacture date or request large scale vehicle assembling companies to promote their products in our country or to encourage local vehicle importers to import electric cars to support the economy, Merinchige added.(Chaturanga Samarawickrama)

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 - 10

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.

 

 
  • Samson Sunday, 20 September 2020 05:14 PM

    If the ban is for a short period it is good because there are too many vehicles on our roads. Action should be taken to build vehicles here just the way turmeric is now grown and imports banned. Govt should never allow luxury vehicles in future.

    sam silva Sunday, 20 September 2020 06:44 PM

    Vehicles in our tiny country is not the priority but the basic food prices are.

    WEERASINGHE Sunday, 20 September 2020 06:55 PM

    Importation of vehicles for Public Transport should be encouraged.

    Shihan Sunday, 20 September 2020 07:03 PM

    It’s called demand and supply unfortunately

    BigEars Sunday, 20 September 2020 07:26 PM

    This is not magic and it is called "Supply and Demand". One does not need to have a PhD in Economics or Nuclear Physics to understand this.

    Modaya Sunday, 20 September 2020 07:50 PM

    Bandula and Team MR need to understand the real economics theory. You can not go over the rules. Use bicycles, as they did when oil prices were increased.

    Dee Sunday, 20 September 2020 07:54 PM

    He really needs to learn to count. And bringing in seven old junk? Crazy!

    Lord Wolfstein Sunday, 20 September 2020 08:01 PM

    It should be not permittet to import vehicles which are older than 3 years

    BE FAIR Sunday, 20 September 2020 09:38 PM

    Who increases the price ...???? you'll do it. Ripping the customers as usual.

    hitan Monday, 21 September 2020 08:33 PM

    no need of any vehicle imports for atleast 5 years until our drivers learn road rules and manners and until road network is improved SL has enough vehicles now if you are jobless eat on earlier ripped money of people


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




“Workers who fainted had water sprinkled on their faces and had to work again”

Health authorities believe the first reported Covid-19 infected worker from t

“Social media ruined us” - husband of Minuwangoda Brandix factory worker

The Minuwangoda Brandix factory worker who first tested positive for Covid-19

Last rites far from home

The body of the Sri Lankan migrant worker Bandu who died of coronavirus in Du

Doctors blame newborn for gash on her face

A baby born on September 21 at the Wathupitiwala Base Hospital in Gampaha has

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.