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» My Port Folio Bleeding But Its just the Begining Of..
Sri Lanka car registration up in July, tax not yet hit EmptyToday at 10:09 am by pathfinder

» අනං මනං! #/+?.<>
Sri Lanka car registration up in July, tax not yet hit EmptyToday at 7:50 am by ruwan326

» Thread for News on CSE and SL Economy
Sri Lanka car registration up in July, tax not yet hit EmptyToday at 7:06 am by ruwan326

» HASU.N0000 (HNB ASSURANCE PLC)
Sri Lanka car registration up in July, tax not yet hit EmptyToday at 6:59 am by ruwan326

» Real Estate Market in Sri Lanka- A booming Industry or a Bubble?
Sri Lanka car registration up in July, tax not yet hit EmptyToday at 6:43 am by ruwan326

» SAMP.N0000 (SAMPATH BANK PLC)
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» RCL - Royal Ceramics
Sri Lanka car registration up in July, tax not yet hit EmptyYesterday at 5:24 pm by The Invisible

» Sri Lanka bad loans grow to 4.8-pct in June after soft-peg collapse
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» Banks, Finance & Insurance Sector Chart
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» HNB Update
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» Cricket, meet Capitalism
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» Dividend Announcement
Sri Lanka car registration up in July, tax not yet hit EmptyFri Jul 19, 2019 9:32 pm by nihal123

» Browns Investments update
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» LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research
Sri Lanka car registration up in July, tax not yet hit EmptyFri Jul 19, 2019 1:03 pm by Fireandwater

» "පියසේනට දැං සනීපයි..."
Sri Lanka car registration up in July, tax not yet hit EmptyFri Jul 19, 2019 10:47 am by Yin-Yang

» What's going to happen
Sri Lanka car registration up in July, tax not yet hit EmptyFri Jul 19, 2019 6:26 am by serene

» TJL.N0000 (Textured Jersey Lanka PLC.)
Sri Lanka car registration up in July, tax not yet hit EmptyThu Jul 18, 2019 11:50 am by serene

» CFVF - First Capital
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» විද්‍යාව මිස්ගේ පාඩම...
Sri Lanka car registration up in July, tax not yet hit EmptyWed Jul 17, 2019 7:27 am by sanjulanka

» Trading Journal
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» වචන නම් අපේ ඒත් තනුව ?????????
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» Access Engineering AEL Technical Analysis
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» Tourism sector
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» LFIN - LB Finance
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» අපි නොදන්න චෙස් කිව්වලු !
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» Stock Market to stay Bullish
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» Is an emoji a word or a gesture?
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»  Rajgama Heroes !
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» HHL.N0000 ( Hemas Holdings PLC)
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» Checkmate, meatbags !
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» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
Sri Lanka car registration up in July, tax not yet hit EmptySat Jul 06, 2019 8:13 am by කිත්සිරි ද සිල්වා

» සංචාරක පැමිණීම ක්‍රමයෙන් යහපත් වන ලකුණු
Sri Lanka car registration up in July, tax not yet hit EmptyFri Jul 05, 2019 6:11 pm by serene

» Easter Sunday Attack and Sri Lanka
Sri Lanka car registration up in July, tax not yet hit EmptyThu Jul 04, 2019 8:46 am by කිත්සිරි ද සිල්වා

» First capital holdings
Sri Lanka car registration up in July, tax not yet hit EmptyWed Jul 03, 2019 1:37 pm by serene

» What to Analyse
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» අනිසි ලෙස කොටස් මිල හැසිර වූ ආයෝජකයින් දෙදෙනෙකුට සුරැකුම්පත් කොමිසමෙන් නඩු
Sri Lanka car registration up in July, tax not yet hit EmptyFri Jun 28, 2019 2:11 pm by Ethical Trader

» අද වෙන්දේසියේ දී බිල්පත් පොළිය පහළට.
Sri Lanka car registration up in July, tax not yet hit EmptyFri Jun 28, 2019 7:46 am by serene

» AAIC.N0000
Sri Lanka car registration up in July, tax not yet hit EmptyFri Jun 28, 2019 7:33 am by serene

» SERV - The Kingsbury
Sri Lanka car registration up in July, tax not yet hit EmptyThu Jun 27, 2019 8:27 pm by ruwan326

» TPL.N0000 (TALAWAKALE PLANTATIONS )
Sri Lanka car registration up in July, tax not yet hit EmptyWed Jun 26, 2019 2:22 pm by nuwanmja

» Life After Google
Sri Lanka car registration up in July, tax not yet hit EmptyTue Jun 25, 2019 5:28 pm by කිත්සිරි ද සිල්වා

» S&P ශ්‍රී ලංකා 20 දර්ශකයේ වෙනසක්. CTC, NTB, රිචඩ් පීරිස් සහ ටෝක්යෝ සිමෙන්ති ඉවතට
Sri Lanka car registration up in July, tax not yet hit EmptyTue Jun 25, 2019 6:37 am by nihal123

» Future of Tea Industry
Sri Lanka car registration up in July, tax not yet hit EmptyMon Jun 24, 2019 6:54 pm by hammurabi

» Cricket !
Sri Lanka car registration up in July, tax not yet hit EmptyMon Jun 24, 2019 2:22 pm by කිත්සිරි ද සිල්වා

» DIPD.N0000 (Dipped Products)
Sri Lanka car registration up in July, tax not yet hit EmptyMon Jun 24, 2019 11:40 am by Ethical Trader

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Sri Lanka car registration up in July, tax not yet hit EmptySun Jun 23, 2019 9:14 pm by hammurabi

» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
Sri Lanka car registration up in July, tax not yet hit EmptyFri Jun 21, 2019 5:25 pm by Ethical Trader

» Happy Father's Day !
Sri Lanka car registration up in July, tax not yet hit EmptyMon Jun 17, 2019 8:58 pm by spw19721

» DPL.N0000 (Dankotuwa Porcelain PLC)
Sri Lanka car registration up in July, tax not yet hit EmptySun Jun 16, 2019 7:12 am by NIRMALSG

» Re: Financial reports Q1-2019
Sri Lanka car registration up in July, tax not yet hit EmptyFri Jun 14, 2019 8:57 pm by dhanurrox

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Sri Lanka car registration up in July, tax not yet hit

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Sri Lanka car registration up in July, tax not yet hit Empty Sri Lanka car registration up in July, tax not yet hit

Post by The Invisible on Mon Sep 03, 2018 7:27 am

ECONOMYNEXT - Sri Lanka's motor car registrations grew 137 percent to 7,193 units in July 2018 despite a hike in taxes, as there was a large stock of smaller vehicles in the country, with total vehicle registrations up 7.47 percent to 42,043, an equities research house said.

Sri Lanka suddenly hiked taxes of a category of small hybrids, which people were buying because other cars were too expensive, due to problems with monetary management of the central bank.

Analysts have called for the reform of Sri Lanka's unstable soft-peg and permanent currency depreciation maintained by inconsistent policy which is disrupting business, peoples' lives and their aspirations.

"The impact of the recent increase in minimum duty rates will only be reflected in registrations towards the end of the year for there are large stocks of unregistered cars in the market and many more on the water that will not be taxed at the higher rates," JB Stockbrokers said in a note to clients.

The government allowed cars already ordered to come at the old tax in a bid not to disrupt the lives of citizens who had already planned and found funding for the vehicles, in an improvement from the casual disregard shown in earlier years.

Instead of fixing the unstable peg, Sri Lanka has started to rely more on disruptive administration measures such as credit controls using loan to ratio values, second guessing people's decisions and regressing to planning style measures, analysts have said.

In addition to small car owners, potential three wheeler owners were most badly hit.

While ordinary people are suffering state workers are getting tax slashed cars and the ruling class itself it is getting tax free cars.

Motor cycle registrations fell 6.2 percent to 28,662 units in July from a year earlier. Three wheelers were also down 6.3 percent to 1,675 units.

Suv and crossovers registrations were up 19.2 percent to 533 units in July. (Colombo/Aug31/2018)
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Sri Lanka car registration up in July, tax not yet hit Empty Re: Sri Lanka car registration up in July, tax not yet hit

Post by Ethical Trader on Mon Sep 03, 2018 5:14 pm

Thanks.
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