60% importers, vehicles sale owner shut down their businesses: VIAL

20 January 2021 01:25 pm - 5 - {{hitsCtrl.values.hits}}

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The Vehicle Importers’ Association of Lanka (VIAL) yesterday said 60% of the vehicle sellers have closed down their business activities due to actions taken by the Government to suspend vehicle imports for one and-a-half years.

VIASL President Indika Sampath Merinchige told the Daily Mirror that the vehicle sale owners who were importing used, unregistered vehicles had to close down their businesses due to lack of vehicles.

"Due to the lack of vehicles to sell, the prices of the vehicles with engine capacity less than 1,000cc had increased by Rs.200,000 and Rs.500,000. Vehicles with more than 1,000cc have been increased by 15 to 30% of the original price, he said.

Accordingly, 1000cc varieties such as Toyota Premio, Toyota Vitz and double cabs have gone up by 25% of their original prices, while luxury vehicles such as Prado, V8 have been increased by 30% of the original price," he said.

He said there were no concessions granted by the Government or from the banks to protect the industry. (Chaturanga Samarawickrama)

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Comments - 5

Sam Wednesday, 20 January 2021 01:39 PM

Its the sale of cars, its a tertiary industry at best that does nothing for the economy, therefore no concessions. Primary and secondary industries are what need safe guarding. Try assembling cars rather than flipping them and you may find some support from the government.

Jehan Wednesday, 20 January 2021 02:44 PM

Nandasena knows to take commissions and kill people. Failure in every thing nanda does. The thug yellow robes who don’t do any economic activity, ( no school fees, no house rent, no families to support) are his advisors. What do u expect?

baby driver Wednesday, 20 January 2021 03:03 PM

ithing apita paan da..

Ram Wednesday, 20 January 2021 03:53 PM

Only a threat like the private bus strikes. Soon they will open and say issue is under discussion

Money Wednesday, 20 January 2021 06:25 PM

A majority of the sales owners put their money in the stock market. Its more profitable for the govt this way so they will ensure it stays this way for some time...

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60% importers, vehicles sale owner shut down their businesses: VIAL

Comments - 5

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