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Will Vehicle Prices Go Down?
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<blockquote data-quote="tharakaf" data-source="post: 27659383" data-attributes="member: 576197"><p>Guys,</p><p></p><p>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. </p><p></p><p>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.</p><p></p><p>Simple example I can give to you that shit will not improve is, Let's take a vitz</p><p></p><p>Back in 2018 (brand news 2018 shit)</p><p>Japan auction price 1.5milY (1Y=1.5LKR) --> 2.2mil LKR</p><p>SL Duty --> 2.2mil LKR</p><p>Total --> 4.5mil LKR (roughly. This is personally imported price.)</p><p></p><p>Now in 2021 the above will be</p><p>Japan auction price 1.5milY (1Y=2.75LKR) -->4.2mil LKR</p><p>SL Duty --> 2.2mil LKR (Let's say it doesn't change)</p><p>total --> 6.5mil LKR</p><p></p><p>current market price 7mil to 8mil</p><p></p><p>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.</p><p></p><p>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.</p></blockquote><p></p>
[QUOTE="tharakaf, post: 27659383, member: 576197"] 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. [/QUOTE]
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