Sri Lanka vehicle registrations pick up in April

Monday, 20 May 2013 - 13:41



Sri Lanka's motor vehicle registrations have picked up slightly in April 2013 though still remaining far below levels seen after taxes were hiked last year.

Automobile registrations picked up to 1,974 in April 2013, from 1,589 in March, the highest since taxes were raised in April 2012 in a mistaken belief that car imports rather than central bank credit was causing a balance of payments crisis.

Car registrations were driven by a spike in re-conditioned or used cars which rose to 1,154 in April from 583 in February and 778 in March.

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