Dec 26, 2016 (LBO) – Sri Lanka vehicle registrations edged higher in November compared with October, on most categories, likely driven by pre-budget demand, JB Securities said in a research note.
Three-wheelers and hybrids showed higher registrations, while one Rolls Royce Wraith was registered in the luxury car segment.
But vehicle registrations were down sharply from the figure 12 months ago, when the country seemed to be on a buying spree spurred by lower duties.
Total cars registrations recorded 3,574 unit in Nov up from 3,402 units the previous month but down from a very high number of 10,084 12 months ago.
Brand new registrations recorded 2,098 unit in the month slightly down from 2,185 units a month ago and significantly down from 6,732 units 12 months ago.
Maruti retained its market leadership recording 751 units (Alto – 506, Celerio – 229) followed by Renault Kwid – 582 units (it was the market leader the previous month notching up 854 units) and then Nissan – 170 units (Go – 165), Perudua – 122 and Micro – 118 units. Small cars dominate this segment recording 1,930 units (92% share) – the financing share is a high 69.1%, in comparison for mid sized cars it is 57.8% and 33.9% for large cars.
Pre-owned car registrations recorded 1,476 units in the month up from 1,217 units the previous month. Toyota maintained its market share recording 708 units followed by Suzuki with 482 units and Honda with 233 units. Financing share was 65.6%.
The premium brand segment recorded 73 units in Nov up from 61 units the previous month and slightly down from 74 units 12 months ago. Mercedez recorded 24 brand new units (C-class 10, E-class 9 and S-class 3) and 11 preowned units (C-class 7, E-class 1, S-class 2). BMW recorded 15 brand new units (3-series 2, 5-series 5) and 10 preowned units.
In the pre-owned segment a Rolls Royce Wraith registration is recorded, as per newspaper reports the duty on this car was Rs 93 million – (the total taxes is the higher of an ad valorem rate of 275% on the CIF value or unit tax – Rs 7,500 x 6,600cc, in this case it seems like the duty was calculated on the ad valorem basis).
The SUV segment recorded 476 units in Nov up from 451 units in Oct but down from 806 units 12 months ago. Honda led the pack recording 203 units (Vezel – 198) followed by Toyota 63 units (Prado – 36, Land Cruiser – 19 units – probably MP permit vehicles) and BMW 39 units (X5 – 37, 23 of these unit are on financing).
Electric cars recorded 25 units in the month slightly up from 23 units the previous month but massively down from 494 units 12 months ago.
Hybrid registrations recorded 1,605 units in Nov up from 1,358 units the previous month but significantly down from 3,247 units 12 months ago. Motor cars accounted for 1,283 units up from 1,079 units, Toyota accounted for 558 units (Aqua – 216, Prius – 70 and Axio – 261) followed by Suzuki recording 469 units (Wagon R – 395) and then Honda with 222 units (Fit – 126, Grace – 87). SUVs accounted for 311 units up from 274 units, Honda Vezel accounted for 198 units . Financing share was 60%.
Van registrations in Nov recorded 100 units down from 119 units the previous month and significantly down from 802 units 12 months ago. Toyota accounted for 38 units followed by Nissan and Suzuki with 12 units each. Financing share was 73%.
3-wheeler registrations recorded 6,098 units in Nov significantly up from 4,495 units the previous month but significantly down from 13,668 units 12 months ago. Bajaj the market leader posted a very strong 92% share followed by TVS with 4.4% and Piaggio with 3.5%. Financing share was 86.3%.
2-wheeler registrations recorded 32,084 units in Nov up from 30,373 units the previous month and slightly up from 31,262 units 12 months ago. Scooters accounted for 14,692 units. Bajaj maintained market leadership claiming 29.7% in spite of not having a scooter offering followed by Honda claiming a share of 28.2% (93% are scooters), TVS claiming a share of 16% (44% are scooters) and then Hero with a 13.3% share (65.5% are scooters). Financing share was 67.6%.
Pickup trucks accounted for 529 units in Nov up from 470 units the previous month and also up from 462 units 12 months ago. Tata was the market leader claiming a share of 65.2%. Financing share was 78.1%.
Mini trucks recorded 1,376 units in Nov up from 1,245 units in Oct but down from 1,722 units 12 months ago. Tata was the market leader claiming a share of 73.5%. Financing share was 91.4%.
Light trucks recorded 909 units in Nov up from 896 units in Oct and up from 764 units 12 months ago. Mahindra is the market leader claiming a share of 81.4% – Bolero Maxi Truck. Financing share is 91.3%.
Medium trucks recorded 184 units in Nov up from 150 units in Oct and also up from 174 units 12 months ago. Isuzu is the market leader claiming a share of 50.5% followed by Mitsubishi with a share of 19%. Financing share was 70.1%.
Heavy trucks recorded 110 units in Nov down from 138 units in Oct and slightly down from 114 units 12 months ago. Tata is the market leader with a share of 45.4% followed by Lanka Ashok Leyland with a share of 41.7%. Financing share was a high 88.9%.
Buses recorded 217 units in Nov down from 281 units the previous month and 244 units 12 months ago. Lanka Ashok Leyland is the market leader with a share of 48.4%. Financing share was 89.8%.