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Message: <blockquote data-quote="tharakaf" data-source="post: 27659372" data-attributes="member: 576197">What do you mean by price correction? Simple example I can give to you that shit will not improve is, Let's take a vitzBack in 2018 (brand news 2018 shit)Japan auction price 1.5milY (1Y=1.5LKR) --> 2.2mil LKRSL Duty --> 2.2mil LKRTotal --> 4.5mil LKR (roughly. This is personally imported price.)Now in 2021 the above will beJapan auction price 1.5milY (1Y=2.75LKR) -->4.2mil LKRSL Duty --> 2.2mil LKR (Let's say it doesn't change)total --> 6.5mil LKRcurrent market price 7mil to 8milNow the second calculation has a very little chance to change because it is directly tagged to the exchange values. Also with the new directions of IMF they will not lower the duty but as a matter of fact might increase it even further if they allow to import vehicles. So my personal view is vehicle prices will remain the same for a quite a long time and it has a better chance of going up than coming down.</blockquote>

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