Nov 04, 2013 (LBO) – Sri Lanka’s new vehicles registrations slowed across the board in September 2013 from a month earlier, though two wheelers showed growth, an analysis by an equities research house showed. New motor car sales which have been climbing for four straight months from 1,887 in June to 2,559 in August fell to 2,066 units in September, an analysis of motor registry by JB Securities showed.
Sports utility vehicles which rose from 386 units in June to 633 in August fell back to 467 in September.
Three wheeler sales have been hovering around 6,500 units after peaking at 7,369 in July.
Motor cycle sales continued to grow for the fourth straight month, rising from 12,078 in June to 13,855.
Motor car registrations, though down from the earlier two months, were sharply higher from around 1,073 units a year earlier.
Out of 2,066 cars registered in September 714 were brand new.
Maruti/Suzuki continued to be the market leader with 262 registered, with its Alto model leading the pack with 242 units. Registrations were up compared to 112 in September last year.
Registrations of Micro, a car assembled in Sri Lanka with imported parts through a tax arbitrage process, fel