Will Vehicle Prices Go Down?

[tharakaf]

Guys,

Thought of starting a thread for an interesting discussion because I see this popping up everywhere and might be good to put everything in one place.

My Answer to this is NO (atleast not drastically). The reasons I see is given below with a comparison. Feel free to put your arguments below for the sake of the rest.

Simple example I can give to you that shit will not improve is, Let's take a vitz

Back in 2018 (brand news 2018 shit)
Japan auction price 1.5milY (1Y=1.5LKR) --> 2.2mil LKR
SL Duty --> 2.2mil LKR
Total --> 4.5mil LKR (roughly. This is personally imported price.)

Now in 2021 the above will be
Japan auction price 1.5milY (1Y=2.75LKR) -->4.2mil LKR
SL Duty --> 2.2mil LKR (Let's say it doesn't change)
total --> 6.5mil LKR

current market price 7mil to 8mil

Now 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.

 

[tharakaf]

Lebonon is no sl.vehicle is a status symbol in sl

Yeah you see a lot of fuckers here who buy vehicles but rarely drive them. Most have either a motobike or a bicycle.

 

[Hasitha22]

no

 

[HANDY.MERLIN]

ඈතතටම දෑන් කාර් මාර්කට් එක මොකද වෙන්නේ.

 

[tharakaf]

ඈතතටම දෑන් කාර් මාර්කට් එක මොකද වෙන්නේ.

Poddak adu wela (just like I said). Ganna un gannawa. Nathi un hullanawa. Rata issarahata yanawa

 

[HANDY.MERLIN]

අනේ මන්ද, ගන්න ඉන්නවනම් ඉතින් පරක්කු වෙන එකත් ප්‍රශ්නයක්ද මන්ද. ගිය සතියෙ අර ගියපු නිව්ස් එකක් නිසා නෙද මර්කට් එක අවුල් ?

 

[Hapuwa]

Budget vehicles will go down in price except high milage hybrids (ex wagon r) & electric once. Mainly necause of not being able to afford and maintain by their customers. But luxury and semi luxury vehicles (SUV, Cabs and sedans will likely to go high in price due LKR depreciation and import ban. Electric and hig milage hybrids will hold the current value or appreciate according to age and demand. Thats ehat i think