Sri Lanka 2014 vehicle registrations up despite fall in commercial vehicles
View(s):Sri Lanka’s vehicle registrations rose to 429,556 in 2014 from a year earlier picking up from lull in February but with commercial vehicles showing a drop, Motor Traffic Department data showed.
Motor car registrations were up 36.6 per cent to 38,780 units from 28,380 a year earlier, with hybrids continuing to lead while motor cycle sales were up. However three wheelers and many commercial vehicle categories were down.
More people were buying cars on finance and leasing arrangements with the share going up considerably, a senior department official said.
Three wheeler sales were down 5.3 per cent to 79,038 units in 2014 from 83, 673 a year earlier, though recovering from a slump of 5,148 in February.
Single cab sales were down14.1 per cent to 17.345 units in 2014 from 20,198 a year earlier. Mini trucks and heavy trucks as well as lorry sales were down last year compared to the previous year.
Motor cycle registrations were up 61.5 per cent to 272,885 last year from 169,280 in 2013. The financing share of motor cycles has also gone up last year, the official disclosed.