Sri Lanka vehicle registrations rebound in July 2019

Vehicles

Aug 26, 2019 (LBO) – Sri Lanka’s vehicle registrations saw a rebound across the board in July from the lows of June since, limping back to normalcy post Easter Sunday bombings.

Total motor cars recorded 2,584 units in July significantly up from 1,580 units in June but significantly down from 7,162 units 12 months ago.

Brand new motor cars recorded a mere 299 units in July up from 222 units in June but down from 904 units 12 months ago. Small cars (<1,000 cc engines) accounted for 88.6 percent of volumes.

Maruti/Suzuki is the segment leader with a 40 percent share.

Pre-owned motor cars recorded 2,285 units in July a significant increase over 1,358 units recorded in June but significantly down from 6,258 units 12 months ago.

Small cars accounted for 75.8 percent of units followed by medium cars with 23.7 percent of units.

Toyota is the segment leader claiming an abnormally high 70.6 percent share (Vitz – 1,061, Premio – 235, Axio – 164) followed distantly by Suzuki with a 16% share (Wagon R – 177).

Financing share was a low 43.5 percent below the normal monthly average of 50-55 percent.

Premium brands recorded 92 units in July up from 66 units in June but down from 198 units 12 months ago.

New cars accounted for 22 units – Mercedes Benz recording 16 units (C class 10). Preowned accounted for 70 units – Mercedes Benz 25 units (C class 24 units), BMW 26 units (3-series 15 units) and Audi 19 units (A1 11 units).

Under notable premium cars there are 3 BMW i8, one Porche 718 Boxter, one Porche Cayenne – E.Electric cars recorded five units in July down from seven units in June and significantly down from 15 units 12 months ago. Nissan Leaf accounted for 3 units.

SUVs recorded 671 units in July more than double the 289 units recorded in June and marginally up from 622 units recorded 12 months ago.

Preowned accounted for 71.2 percent share, the balance 28.8 percent were brand new.

Crossovers (<1,500 cc engines) accounted for 95 percent of volumes.

Financing share was a low 31.3 percent which is below the normal monthly average that is around 45-50 percent.

Honda was the category leader with a 31.8% share (CR-V 147 units, Vezel 67 units), Toyota with a 28.3% share (C-HR – 178 units) and MG with a 12.5 percent share. Financing share was 31.3 percent, lower than the normal monthly average of 40-45 percent.

Hybrids recorded 624 units in July almost double the 340 units recorded in June but massively down from 3,838 units 12 months ago.

Motor cars accounted for 547 units in July up from 328 units in June – Suzuki claimed a 58.5 percent share followed by Toyota with a 32.5 percent share.

SUVs recorded 75 units in July significantly up from 9 units the previous month mainly comprising of Honda Vezel – 65 units. Vans recorded 614 units in July up from 480 units in June but down from 812 units recorded 12 months ago.

Mini vans (<1,000 cc engines) accounted for 86 percent of units. Preowned accounted for 99 percent of units. Suzuki is the category leader with a 55 percent share. Financing share was 63.8 percent in line with the normal monthly average.

3-wheeler registrations were 1,118 units in July up from 821 units in June but down from 1,675 units 12 months ago. Bajaj continued to be the segment leader posting a 93.4 percent share. Financing share was 71.2 percent in line with the normal monthly average.

2-wheeler registrations were 24,739 units in July up from 21,416 units in June but down from 28,697 units 12 months ago. Scooters accounted for 17,202 units (69.5% of the category) in July up from 14,395 units the previous month – Honda claimed 50.3% share followed by Yamaha with 17.2% and TVS with 15.7%.

The non-scooter segment accounted for 7,537 units of which Bajaj claimed a 31.8% share followed by Yamaha with 28.11% and TVS with 12.49%. In the overall category Honda is the leader with a 40.4% share followed by Yamaha with 21.6% and TVS with 15.6%. Electric 2-wheelers recorded 78 units. Financing share was 75.2% in line with normal monthly average.

Pickup trucks recorded 73 units in July up from 53 units in June but down from 164 units 12 months ago. Toyota was the market leader with a 54.8% share. Financing share was 67.1% in line with the normal monthly average.

Mini trucks recorded 144 units in July up from 99 units in June but significantly down from 441 units 12 months ago. Tata continued to be the segment leader with a 93.6% share. Financing share was 77.1% in line with the normal monthly average.

Light trucks recorded 210 units in July up from 156 units in June but significantly down from 352 units 12 months ago. Mahindra continued to be the segment leader claiming a 87.4% share. Financing share was 87.1% in line with the normal monthly average.

Medium trucks recorded 166 units in July marginally down from 168 units in June but significantly down from 344 units 12 months ago. Preowned accounted for 61% of units, the balance 39% were brand new. Isuzu continued its leadership in the segment with a 66.3% share. Mid-size tippers recorded 14 units significantly down from 54 units recorded 12 months ago. Financing share was 80.1%.

Heavy trucks recorded 121 units in July up from 81 units in June but significantly down from 228 units 12 months ago. Heavy tippers recorded 26 units down from 39 units 12 months ago. Tata was the segment leader with a 38.6% share followed by Ashok Leyland with a 29.8% share. Financing share was 81.8% in line with the normal monthly average.

Buses recorded 83 units in July more than double the 40 units recorded in June but significantly down from 235 units recorded 12 months ago. Ashok Leyland is the category leader with a 40.96% share. Financing share was 75.9% in line with the normal monthly average.

Hand tractors recorded 158 units in July up from 134 units in June and marginally down from 169 units recorded 12 months ago. Farm master was the segment leader with a 24.7% share.

Large tractors recorded 160 units in July down from 182 units in June and 228 units 12 months ago. Tafe is the segment leader with a 50.6% share. Financing share was 78.1% in line with the normal monthly average.