Aug 16, 2016 (LBO) - Sri Lanka vehicle registrations in July fell in almost every category compared with June, JB Securities said in a research note. Buses and heavy truck registrations however showed an increase over the previous month.
Motor car registrations in the July were 2,489 units, down from 3,026 units the previous month, and significantly lower than high of 14,544 units registered in September, after the government took steps to curb imports.
Brand new segment recorded 1,331 units in the month down from 1,490 units the previous month.
Maruti recorded 663 units (Alto – 474, Celerio – 178 units) slightly up from 633 units the previous month. Micro recorded 169 units, Hyundai Eon 88 units followed by Renault Kwid with 72 units.
Maruti that had a total dominant market in the less than 1,000 cc segment is seeing high competition from the relatively new arrivals backed by major brands – Hyundai Eon and Renault Kwid.
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Preowned car registrations recorded 1,158 units in July down from 1,436 units the previous month and significantly down from 3,963 units 12 months ago. Toyota recorded 423 units (Axio – 175, Aqua – 173) – this is the lowest number for the year, Suzuki recorded 431 units (Wagon R – 403) and Honda recorded 210 units (Grace – 78, Fit – 67). Financing share was 65.5 percent in line with its normal average.
Premium brands registrations were 87 in the month up from 64 the previous month and slightly down from 99 units 12 months ago. Mercedes recorded 36 new cars (C-class 7, E-class 28 - a new version was launched in June, S-class 1) and 13 preowned (C-class 9), BMW recorded 15 (5-series 14 units) and Audi recorded 14 units (A6 – 10 units).
Electric cars registrations recorded 64 units in the month down from 71 units the previous month and significantly down from 284 units 12 months ago. Nissan Leaf accounted for 59 units.
SUV registrations recorded 414 units in July down from 631 units the previous month and significantly down from 776 units 12 months ago. Toyota recorded 52 units (Prado 32), Honda recorded 100 units (Vezal 96 – most of these vehicles are NOT 4W), Nissan 82 units (X-trail hybrid 76 units) and DFSK Glory 330 with 62 (this is a locally assembled vehicle).
Hybrid registrations recorded 1,276 units in July down from 1,695 in June and significantly down from 4,077 units 12 months ago. In the motor car segment Toyota accounted for 397 units (Aqua 173, Axio 172, Prius 47), Suzuki accounted for 403 Wagon R units and Honda accounted for 207 units.
Under premium brands Mercedes Hybrids recorded 12 numbers (C350 sport hybrid – 8). Financing share was 66.1 percent. The hybrid SUV segment recorded 205 units - Nissan X-trail 76, Honda Vezel 96 and Mitsubishi Outlander 20.
Van registrations recorded 242 units in the month down from 297 units in June and significantly down from 1,189 units 12 months ago. Toyota recorded 83 units (25 units were new through the agent), Nissan recorded 19 (8 units were new through the agent), Suzuki 28 and Tata Winger 67 (Indian ambulances). June records show 42 Mercedes Benz VITO panel vans – presume they are the yellow DHL vans one sees in the city.
3-wheelers registrations recorded a low 3,678 units in July significantly down from 6,995 units in June and massively down from 12,248 units 12 months ago. In Feb registrations hit a 5 year low of 2,938 units but since then momentum was increasing until last month when it has almost halved from the previous month. Bajaj claimed a share of 87.1 percent followed by TVS with 9.2 percent and Piaggio with 3.6 percent. Financing share was 86.1 percent.
2-wheelers registrations recorded 24,994 units last month down from 29,264 units the previous month and significantly down from the election fueled figure recorded 12 months ago of 33,722 units. Bajaj has reclaimed market leadership recording a market share of 30.7 percent sans a scooter closely followed by Honda with 29 percent, Hero recorded 15.2 percent steadily dropping share closely followed by TVS with 14.1 percent. Financing share was 65.4 percent.
Pickup truck registrations recorded 280 units in July down from 348 units in June and also down from 374 units 12 months ago. Toyota Hilux recorded 70 units similar to last month but is showing stronger performance upping its share to 25 percent, Tata yet remains the market leader claiming a share of 53.2 percent followed by Mahindra with 6.4 percent. Financing share was 67.9 percent.
Mini truck registration recorded 1,148 units in July down from 1,425 units in June and 1,569 units 12 months ago. Tata is the market leader in this category claiming a share of 59.5 percent followed by Mahindra with 33.3 percent. Financing share was 90.9 percent.
Lite truck registrations recorded 533 units in the month down from 648 units the previous month and 696 units 12 months ago. Mahindra is the market leader with 67.9 percent share followed by DFSK with 16.8 percent. Financing share is 86 percent.
Medium truck registrations recorded 160 units in July similar to 161 units in June but down from 219 units 12 months ago. Isuzu is the market leader with a share of 33.1 percent. Finance share was 78.8 percent.
Heavy truck registrations recorded 134 units in July slightly higher than 126 units recorded in June but lower than 173 units recorded 12 months ago. Lanka Ashok Leyland remains the market leader with a share of 47.4 percent followed by Tata with 33.1 percent and Eicher with 9.8 percent. Financing share was 82.1 percent.
Bus registrations recorded 179 units in July slightly higher than 176 units in June but lower than 214 units recorded 12 months ago. Lanka Ashok Leyland continues to be the market leader with a share of 54.8 percent. Financing share was 89.9 percent.
Sri Lanka vehicle registrations fall further in July: JB Securities
