Is The Vehicle Market Crashing In Sri Lanka?

[MoneyMaker]

Stock Market Already crashed will the Vehicle market follow?

Ever since the tax increase I have noticed the vehicle prices/demand have been on a noticeable decline…. Banks & Finance companies have become very strict in giving out vehicle loans and people have been either selling their cars for less than market price or continue to use their existing vehicles because they cannot afford a new car…

Also one thing to take into consideration is that over the past few years we saw many cars coming into Sri Lanka and these cars were bought on either one’s savings or a lease. This has caused people to cut down on their spending due to the high cost of living and their savings which is significantly low in comparison to what it was before. Also with the permit scheme being introduced many people have blocked their monies on selected vehicles e.g. Montero Sport, Kia Sorento, BMW 5 series etc... How many people can afford to buy these permit vehciles for cash?? Only a few finance companies accept permit vehcile leases.

Even car sales are stuck with many cars as their is no demand due to high prices!!!

MORE SUPPLY OF VEHICLES+LESS DEMAND=PRICE GOING DOWN

Where are we headed???

Your thoughts??

Let’s stick to the topic & discuss the micro & macro issues around this topic.

Regards.

[Supra_Natural]

And the point of this topic is what, exactly?

[MoneyMaker]

And the point of this topic is what, exactly?

The point of this topic is to create awareness...

And would like to know your thoughts on this topic.

[terrabytetango]

Please pack up your soapbox and go home.

Edited September 25, 2012 by terrabytetango

[Pericles]

If you think you can manipulate the market prices with a couple of posts on AL, I doubt it'll work.

[Zoom-Zoom]

aiyyo salli !

[MoneyMaker]

If you think you can manipulate the market prices with a couple of posts on AL, I doubt it'll work.

If you think thats the case I would consider you a stupid person.

Anyways don't hide behind the truth.

[MoneyMaker]

Guys lets not argue over silly comments.. If you think otherwise, justify????

[Zoom-Zoom]

The rich get richer n the poor get poorer !

[NZer]

Its ass H**** like you who try to create shit and manipulate the market.

[Crosswind]

Seems the whole point of this topic is someone is trying to improve his permit racket.

Anyway dude, in sri lanka, the vehicle market is a paradox. Goes against the laws of economics. More prices go up, more people try to buy expensive cars. They take it as an investment, not as an expense.

And there are plenty of subprime lending organizations to sustain them.

[Sylvi]

MoneyMaker,

Japanese vehicle imports have come down due to price increase. Beneficiaries were importers who had large of low duty imported stocks.

Even big time importers are importing after few months only to replace to the sold stocks that also 50% of what they have sold.

Popular low cost vehicles from Japan. Exporters who had stocked for S L market have reduced their profit margins too.

Japanese small vans, (Batta) commercial vehicles, are still coming but it is difficult to compete due to the cheap C I F cost of cheap commercial vehicle manufacturing countries.

Our neighboring country imports not reduced that much can see large new stocks in their yards full.

S L manufacturers vehicles have to be in waiting list with a substantial cash deposit.

There was another vehicle assembler started in big way but he has diverted back to Japanese Hybrid vehicles and other Japanese fast selling vehicles.

I hope my post to the topic as I read plenty of negative feed back posts to the topic.

Sylvi wijesinghe.

[Watchman]

I dont think i'm bringing down any value of this thread by saying this but I must remark on XXXXX's 'queen's english'.. It's more like a verbal dhiaria the queen had after eating a spoilt egg koththu-roti..

edit: The name of a certain individual who claim's to speak the queen's English (but in reality just uses kakka-english) has been edited out as my post has been reported as a personal attach on him.

Edited September 26, 2012 by Watchman

[VVTi]

Stock Market Already crashed will the Vehicle market follow?

Ever since the tax increase I have noticed the vehicle prices/demand have been on a noticeable decline…. Banks & Finance companies have become very strict in giving out vehicle loans and people have been either selling their cars for less than market price or continue to use their existing vehicles because they cannot afford a new car…

Also one thing to take into consideration is that over the past few years we saw many cars coming into Sri Lanka and these cars were bought on either one’s savings or a lease. This has caused people to cut down on their spending due to the high cost of living and their savings which is significantly low in comparison to what it was before. Also with the permit scheme being introduced many people have blocked their monies on selected vehicles e.g. Montero Sport, Kia Sorento, BMW 5 series etc... How many people can afford to buy these permit vehciles for cash?? Only a few finance companies accept permit vehcile leases.

Even car sales are stuck with many cars as their is no demand due to high prices!!!

MORE SUPPLY OF VEHICLES+LESS DEMAND=PRICE GOING DOWN

Where are we headed???

Your thoughts??

Let’s stick to the topic & discuss the micro & macro issues around this topic.

Regards.

You are not saying anything new... even the 3 wheeler drivers and the van drivers and the Allion drivers and the new X1 drivers of SL knows this truth... and they didn't have to go to school to know this...

IMHO, this is a waste of time and server space.

[Clark's son]

Another epic fail from the money maker.

you can't make money or change the market by posting here.

From what you are posting it seems you need a vehicle cheaply these days.

Well you can only manipulate "konde bandapu Chinese" in this way and believe me there aren't any left now.

[Pericles]

Anyways don't hide behind the truth.

Brilliant. Then what do I do, hide behind the lies like you?

[NZer]

Moneymaker is a HOMO who has half the money he needs to buy a car and trying to con innocent people into thinking the market has gone down so he buy it. These are the types of fools we should try to avoid when we sell our cars.

[ramithad]

If you think you can manipulate the market prices with a couple of posts on AL, I doubt it'll work.

very true. He has hidden motive behind the article. probably he is looking for a new car to buy

[ramithad]

Moneymaker is a HOMO who has half the money he needs to buy a car and trying to con innocent people into thinking the market has gone down so he buy it. These are the types of fools we should try to avoid when we sell our cars.

true. i put me few cents into this. There will note be such problem as that guy postulated. number of vehicles imported into the country has significantly declined. that created vacume and there is less supply (i head only one car carrier coming to the country per month) and unregistered car prices would be remain more or less the same. but in recent months hybrid car sales increased significantly due to duty concessions.I ask the posted person to be refrain from misleading people by propaganda in your imagination and that make the way for him to achieve his hidden motives. we call this type of thing a "SARANAPALA THEORY". THERE IS A VERY FAMOUS STORY BEHIND THIS. IF ANYBODY WANTS TO KNOW, I WILL POST

[Watchman]

true. i put me few cents into this. There will note be such problem as that guy postulated. number of vehicles imported into the country has significantly declined. that created vacume and there is less supply (i head only one car carrier coming to the country per month) and unregistered car prices would be remain more or less the same. but in recent months hybrid car sales increased significantly due to duty concessions.I ask the posted person to be refrain from misleading people by propaganda in your imagination and that make the way for him to achieve his hidden motives. we call this type of thing a "SARANAPALA THEORY". THERE IS A VERY FAMOUS STORY BEHIND THIS. IF ANYBODY WANTS TO KNOW, I WILL POST

Machang, I know 'recent' is a subjective term, but the hybrid hype has been around for more than a year now...

[chan5]

true. i put me few cents into this. There will note be such problem as that guy postulated. number of vehicles imported into the country has significantly declined. that created vacume and there is less supply (i head only one car carrier coming to the country per month) and unregistered car prices would be remain more or less the same. but in recent months hybrid car sales increased significantly due to duty concessions.I ask the posted person to be refrain from misleading people by propaganda in your imagination and that make the way for him to achieve his hidden motives. we call this type of thing a "SARANAPALA THEORY". THERE IS A VERY FAMOUS STORY BEHIND THIS. IF ANYBODY WANTS TO KNOW, I WILL POST

you from Peradeniya university right? ...

It's quite famous among university students even today.

Applies for hitching things though....

Why don't you share it bro ...

[ramithad]

you from Peradeniya university right? ...

It's quite famous among university students even today.

Applies for hitching things though....

Why don't you share it bro ...

No machan, I am from colombo university. its very famous among our friends too.

[Supra_Natural]

No machan, I am from colombo university. its very famous among our friends too.

Ah what the hell... pointless thread anyway, so why not share the theory.....

[jaga]

you from Peradeniya university right? ...

It's quite famous among university students even today.

Applies for hitching things though....

Why don't you share it bro ...

Bro Not Saranapala. It is Warnapala method.

[Sampath Gunasekera]

true. i put me few cents into this. There will note be such problem as that guy postulated. number of vehicles imported into the country has significantly declined. that created vacume and there is less supply (i head only one car carrier coming to the country per month) and unregistered car prices would be remain more or less the same. but in recent months hybrid car sales increased significantly due to duty concessions.I ask the posted person to be refrain from misleading people by propaganda in your imagination and that make the way for him to achieve his hidden motives. we call this type of thing a "SARANAPALA THEORY". THERE IS A VERY FAMOUS STORY BEHIND THIS. IF ANYBODY WANTS TO KNOW, I WILL POST

Bro, as I heard it is not Saranapala Theory. It is "Warnapala Theory" as it based on the method of proposing to a girl ,introduced by Prof. Vishwa Warnapala in his university days (as a student).