Vehicle sales down by 85% after tragic incidents: Importers

The Vehicle Importers Association of Sri Lanka (VIASL) said the total vehicle sales had come down by 85 per cent after the tragic incidents on Easter Sunday in the country. Speaking to the Daily Mirror VIASL Chairman Ranjan Peiris said following the Finance Ministry’s decision to keep a 200 per cent cash margin at the time of opening Letters of Credit (LCS) when importing vehicles last September, There is a decrease in the vehicle sales by 60 per cent.

“The whole country suffered a loss with most of the main business operations in the country including the vehicle industry have come to a standstill,” he said.

People are still in a mind of confusion even to walk on the road. “Many people

after the tragic incidents not even two persons visited the car sales centres

visited our sales centres to buy their vehicles. But after the tragic incidents not even two persons visited the car sales centres, ” Mr Peiris said.