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Sri Lanka vehicle registrations slightly down in July 2020

According to J. B. Securities monthly review, vehicle registrations in July were slightly down from June but remain at healthy levels indicative of existing inventory driving sales.

“It is likely that this momentum slows in August due to stockouts in certain categories,” J. B. Securities stated in its latest review.

Motor car registrations recorded 1,712 units in July down from 2,032 units the previous month and 2,584 units 12 months ago.

Brand new car registrations recorded 272 units in July down from 316 units the previous month and 299 units 12 months ago. Small cars (<1,000 cc) accounted for a 78.7% share followed by medium size cars with a 18.4% share and larger cars with a 2.9% share. Maruti and Zotye were the category leaders with 67 and 66 units respectively followed by Perodua. Financing share was 50.4%.

Preowned motor car registrations recorded 1,440 units in July lower than 1,716 units the previous month and 2,285 units 12 months ago. Small cars claimed an 85% share followed by Medium cars with a 14% share. Toyota was the category leader accounting for 971 units (67.4% share) – Vitz 677, Premio 91 followed by Suzuki with 195 units – Alto 82, Wagon R 55. Financing share was 52.8%.

Premium motor cars recorded 106 units in July up from 90 units the previous month and 92 units 12 months ago. In the brand-new segment Mercedes Benz accounted for 31 units – C class 12, E class 5, S class 1 followed by Audi with 10 units – A5 6. The preowned category accounted for 61 units, Mercedes Benz 31 units – C class 16 units, BMW 12 units, Audi 18 units – A1 13.