How Would The Market React To The 2015 Budget Proposals?

[meshlk]

Check this http://www.adaderana.lk/bizenglish/breaking-news-sri-lankas-car-van-prices-tumble-through-budget-2015/

[poscher]

  On 10/24/2014 at 3:20 PM, meshlk said:

Check this http://www.adaderana.lk/bizenglish/breaking-news-sri-lankas-car-van-prices-tumble-through-budget-2015/

extremely vague information but hope the prices come down, so can afford a non permit vehicle.

[tcfern1]

Some said that price will go up now are they understand the reality

[whmsujith]

Amount of tax reduction according to the 2015 budget.

http://lankacnews.com/english/main-news/from-budget-2015-the-prices-of-cars-and-vans-reduced/

[B2Spirit]

  On 10/25/2014 at 3:25 AM, whmsujith said:

Amount of tax reduction according to the 2015 budget.

http://lankacnews.com/english/main-news/from-budget-2015-the-prices-of-cars-and-vans-reduced/

Well from that article only the cars <1000cc and Vans are reduced it seems.

In typical SL style effective from Y'day midnight with no details available as to what has changed .

Edited October 25, 2014 by B2Spirit

[Magnum]

I got to know Hiace vans have come down by 1.5mil

[tcfern1]

<blockquote class='ipsBlockquote'data-author="Magnum" data-cid="268088" data-time="1414232937"><p>

I got to know Hiace vans have come down by 1.5mil</p></blockquote>

[tcfern1]

What about hybrids and electric cars

[Reckless]

Import tax for electric vehicles are reduced by 25%, nothing about hybrids. But probably all vehicle prices might go down with the proposed new tax scheme.

[entckauwa]

hybrid- 2.5 % according to present news

[DCL]

2.5% going up or down? Thanks....

[tcfern1]

2.5 up i think

[ramithad]

hybrid vehicle prices went up. duty is actually reduced. but vat portion isolated from existing duty.

Toyota aqua price go up by around 110,000

Toyota Prius price would be increased by 150,000 or more

Honda vezel would be settle around 185,000 up from the current price.

[ramithad]

see this http://www.hirunews.lk/95523/hybrid-vehicles-increased-by-100-thousand-vans-decreased-500-says-vehicle-importers-budget-2015

[B2Spirit]

different news sites giving different information on tax change .

I guess it will clear up and we'll know the actual changes when the vehicle clearing starts tomorrow with the new tax regime.

[KingSasanka]

How would the market react to the new budget proposals?

(Eyeing for a Hybrid or used Navara).

[tcfern1]

You can exactly know from tomorrow

[Crosswind]

  On 10/26/2014 at 7:57 AM, KingSasanka said:

How would the market react to the new budget proposals?

(Eyeing for a Hybrid or used Navara).

The manning market is very excited

Peliyagoda fish market seems to be disappointed

Dambulla elawalu market is complaining

Meegoda something or the other market is over the moon

[sathyajithj99]

Lol, well said Crosswind. There's no other way to explain this to these puppies with excited bladders that it is too early.

Edited October 26, 2014 by sathyajithj99

[mazda axela]

  On 10/26/2014 at 10:21 AM, Crosswind said:

The manning market is very excited

Peliyagoda fish market seems to be disappointed

Dambulla elawalu market is complaining

Meegoda something or the other market is over the moon

[KingSasanka]

I thought I was in the Auto forum but apparently not.

(If you want a puppy, call these so-called experts) .

[tcfern1]

Dont give let down comments when a question is asked

[B2Spirit]

  On 10/26/2014 at 11:47 AM, tcfern1 said:

Dont give let down comments when a question is asked

point is machan nobody has a clue as to what's going on.

Everybody is in the dark as to how the tax system will play out.

So you can forget predicting how the market will react.

So just wait and see, it's not as if buying a car is like a life and death situation where u have to decide right away.

[tcfern1]

Ok your explanation is decently given

[KingSasanka]

If people have nothing good to say, it is better not to leave negative comments (and show their true pedigree openly).

Thanks @ tcfern1 & B2Spirit.

Edited October 26, 2014 by KingSasanka