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Sri Lanka’s vehicle registrations in the month of July 2016 except for buses and heavy trucks have registered a reduction in every category compared with the statistics in June 2016, JB Securities said in a research note last week. Motor car registrations in July fell to an yearly low of 2,489 units, down from 3,026 units the previous month and significantly down from 9,736 units 12 months ago.

Brand new segment registrations recorded 1,331 units in the month down from 1,490 units the previous month and significantly down from 5,773 units 12 months ago. Maruti recorded 663 units (Alto – 474, Celerio – 178 units) slightly up from 633 units the previous month but significantly down from 5,024 units recorded 12 months ago. Micro recorded 169 units, Hyundai Eon 88 units followed by Renault Kwid with 72 units.

“Maruti that had a total dominant market in the less than 1,000 cc segment is seeing high competition from the relatively new arrivals backed by major brands – Hyundai Eon and Renault Kwid,” the analysis of Vehicle Registrations from July 2014 to July 2016 by JB Securities (Pvt) Ltd showed.

Preowned car registrations recorded 1,158 units in July down from 1,436 units the previous month and significantly down from 3,963 units 12 months ago. Toyota recorded 423 units (Axio – 175, Aqua – 173) – this is the lowest number for the year, Suzuki recorded 431 units (Wagon R – 403) and Honda recorded 210 units (Grace – 78, Fit – 67).

Premium brands registrations were 87 in the month up from 64 the previous month and slightly down from 99 units 12 months ago. Mercedes recorded 36 new cars (C-class 7, E-class 28 – a new version was launched in June, S-class 1) and 13 preowned (C-class 9), BMW recorded 15 (5-series 14 units) and Audi recorded 14 units (A6 – 10 units).
Electric cars registrations recorded 64 units in the month down from 71 units the previous month and significantly down from 284 units 12 months ago. Nissan Leaf accounted for 59 units.

SUV registrations recorded 414 units in July down from 631 units the previous month and significantly down from 776 units 12 months ago.

Hybrid registrations recorded 1,276 units in July down from 1,695 in June and significantly down from 4,077 units 12 months ago.

Van registrations recorded 242 units in the month down from 297 units in June and significantly down from 1,189 units 12 months ago while 3-wheelers registrations recorded a low 3,678 units in July significantly down from 6,995 units in June and massively down from 12,248 units 12 months ago. 2-wheelers registrations recorded 24,994 units last month down from 29,264 units the previous month and significantly down from the election fuelled figure recorded 12 months ago of 33,722 units.

Bus registrations recorded 179 units in July slightly higher than 176 units in June but lower than 214 units recorded 12 months ago. Lanka Ashok Leyland continues to be the market leader with a share of 54.8 per cent. Financing share was 89.9 per cent.