Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» Financial Reports Q-3 2018
by ruwan326 Today at 9:39 pm

» TBs worth Rs.14.2 bn issued to SriLankan in 2012
by Miss-Sangeetha Today at 9:32 pm

» Dealing by directors
by ruwan326 Today at 9:08 pm

» Summary of Key Announcements during the week
by ruwan326 Today at 9:06 pm

» Daily Foreign Transactions
by ruwan326 Today at 9:05 pm

» CSE WEEKLY
by ruwan326 Today at 9:02 pm

» #PM Crisis#
by Ryan Hudson Today at 8:19 pm

» BFN Price HOLDING ON AS THE DEAL COME CLOSER
by sanjulanka Today at 1:29 pm

» Another Finance sector deal UBC UBC UBC Deal
by kalu351 Today at 10:56 am

» BFN BFN BFN BFN BFN DEAL ......WITH CHINESE BANK
by kalu351 Today at 10:54 am

» MARKET RISE - GUARANTEED
by samaritan Today at 10:21 am

» MARKET CRASH - GUARANTEED
by Maharaja Today at 9:32 am

» ##FUN TOONS###
by ruwan326 Today at 7:43 am

» Q-TO-Q Financial Report-Financial Performance- Period ended 30 September 2018
by ruwan326 Yesterday at 9:00 pm

» CB raises key rates in surprise move to support currency
by Miss-Sangeetha Yesterday at 4:59 pm

» President rejects NCM brought against PM, Govt.
by ranferdi Yesterday at 2:36 pm

» DIVIDEND ANNOUNCEMENTS- OCT/NOV
by ruwan326 Yesterday at 1:59 pm

» SRI LANKA @ 2020
by ruwan326 Yesterday at 7:21 am

» Supreme Court issues stay order on Gazette dissolving Parliament
by THUWA Wed Nov 14, 2018 5:28 pm

» CSE THIS WEEK
by ruwan326 Wed Nov 14, 2018 8:27 am

» Veterans return to lead state banks
by ruwan326 Wed Nov 14, 2018 8:21 am

» Collect ODEL Range Rs. 23-25 .......Target Price over Rs.35
by soileconomy Tue Nov 13, 2018 8:54 pm

» අනං## මනං ##
by ruwan326 Tue Nov 13, 2018 8:52 pm

» JKH News & Reports
by ruwan326 Tue Nov 13, 2018 8:11 pm

» Survey - Individual Investors' Behaviour and Investment Performance
by eroshans Tue Nov 13, 2018 3:49 pm

» USD/MXN Can Face A Bearish Reversal
by GersonH Mon Nov 12, 2018 10:22 pm

» EURUSD breaks major horizontal support
by GersonH Mon Nov 12, 2018 10:18 pm

» EURCHF is headed south
by GersonH Mon Nov 12, 2018 10:14 pm

» EURUSD: the pair is close to the lower boundary of the B-B channel
by GersonH Mon Nov 12, 2018 10:12 pm

» Parliament dissolved from midnight ????????
by Yahapalanaya Mon Nov 12, 2018 6:24 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Automobile market collapses by over 40%

Automobile market collapses by over 40%

Go down  Message [Page 1 of 1]

1 Automobile market collapses by over 40% on Thu Jan 26, 2017 12:51 pm

PrasannaMani

avatar
Manager - Equity Analytics
Manager - Equity Analytics
[size=32]Automobile market collapses by over 40%[/size]
2017-01-26 06:55:12
 6
 6663

     


Automobile trade in Sri Lanka is facing extreme difficulties due to the recent regulations introduced by the government, the former chairman of the Ceylon Motor Traders Association (CMTA) Gihan Pilapitiya said yesterday.
“The overall showroom traffic had dropped more than 40 per cent and even most of these customers who walk in, go away without purchasing due to high pricing. In some cases certain vehicle showrooms have no customer visits at all in a day” he said.
“Last week’s leasing regulations announced by the Government for vehicles based on loan-to-value ratio, as proposed in the 2017 budget is another blow to sustainability of the trade.
“If leasing companies are ready to provide facilities and the buyer is agreeable with the settlement, there is no need for the Government intervention, to artificially regulate the trade” .
In addition to this it is also important that the decision makers figure out the cost of maintaining old vehicles and their environmental impact as well before policies are formulated. (Chaturanga Pradeep)

2 Re: Automobile market collapses by over 40% on Thu Jan 26, 2017 2:54 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Statement indicates sizable drop in demand for autos. Practically it should react in other way decreasing auto prices by a certain margin to maintain operating cost. However prices quoted are not affordable to buyers plus rising cost of maintenance.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum