AMW warns against deliberate misinformation on social media
View(s):Associated Motorways (Pvt) Ltd (AMW), a leader in Sri Lanka’s automotive industry, and sole distributor for Suzuki and other leading automotive brands, this week expressed its growing concern about the spread of misinformation via a multitude of social media posts deliberately promoting speculative pricing on new vehicles that will be imported.
In a statement, AMW said it has closely monitored the market in order to calculate the likely pricing of new vehicles. These prices are based on factors such as, import duties and Taxes, VAT, exchange rates and logistic costs. Unfortunately, many of the prices currently being shared on social media are significantly understated with the intention of driving down the used vehicle market. It is widely believed that this false information is being spread by individuals belonging to what is referred to as the ‘Registered Car Sales Mafia’. These parties could be trying to artificially lower the value of registered vehicles.
Virann de Zoysa, Director at Associated Motorways (Private) LTD. said: “It is unfortunate that malpractices like the sharing of misinformation is running rampant. We must be careful not to fall prey to scam artists, especially now, given the prospect of the importation of vehicles. It is imperative that any potential misinformation be verified by a reliable or authorised party.”
The following selection of vehicles and projected prices will be available exclusively from AMW, the Suzuki Alto K10 1L, Automatic at Rs.6.7 million, Suzuki S-Presso 1L, Automatic at Rs.6.9 million among others.
AMW emphasises that terms and conditions will apply to the aforementioned selection of vehicles and that customers should wait for information on pre-bookings exclusively from AMW which, will be released only after official Government announcement on vehicle import restrictions being lifted has been made.
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