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Published 17 days ago

Sri Lanka’s car market set to coast downhill

Summary by EconomyNext

ECONOMYNEXT – Sri Lanka’s overheated second-hand car market is set to cool rapidly industry analysts said, with advertised brand new prices for vans being sharply below asking prices for used vehicles after import controls were partially relaxed for tourism. Toyota Lanka took out advertisements on Sunday to sell the new HiAce passenger van, which is permitted for use in the tourism sector, where the government would allow 750 vans to be imported…

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Sri Lanka’s car market set to coast downhill

ECONOMYNEXT – Sri Lanka’s overheated second-hand car market is set to cool rapidly industry analysts said, with advertised brand new prices for vans being sharply below asking prices for used vehicles after import controls were partially relaxed for tourism. Toyota Lanka took out advertisements on Sunday to sell the new HiAce passenger van, which is permitted for use in the tourism sector, where the government would allow 750 vans to be imported…

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