Monday 23 May 2016

Vehicle registrations drop sharply

Motor car registrations recorded 3,618 units in April up from 3,326 units a month ago and significantly down from 5,116 units 12 months ago.

According to J. B. Securities the precipitous fall in registrations recorded in January and February may not entirely be explained by a fall in demand but by a go slow from the Registrar of Motor Vehicles (RMV) that resulted in a reduction in the number of registrations. In a similar vein part of the pickup in numbers in the subsequent month’s maybe clearing of the previous months’ backlog.

Brand new segment registrations recorded 1,709 units in April significantly up from 1,186 units the previous month but significantly down from 2,926 units recorded 12 months ago. Maruti recorded 1,142 units in April significantly recovering from 639 units the previous month and the extremely low 255 units in Jan but yet significantly down from 2,239 units 12 months ago.

Micro recorded 141 units up from 108 units the previous month and Hyundai recorded 125 units gaining on 112 units recorded the previous month.

Re-owned car registrations recorded 1,909 units in April marginally down from 2,140 units a month ago and also marginally down from 2,190 units 12 month ago. Toyota recorded 798 units in April marginally down from 906 units in March and Suzuki recorded 624 units in the month marginally down from 675 units the previous month. The taxes have increased by around 80% and the CIF value of vehicles in Rs have also increased doubling their value. Financing share was 66.3% significantly up 55.9% the previous month.

Electric cars recorded 85 units in April significantly down from 160 units the previous months and 152 units 12 months ago. Nissan Leaf accounted for 85 of the units down from 185 units the previous month.

SUV registrations recorded 706 units in Apr up from 610 units the previous month and marginally up from 704 units 12 months ago. Hybrid registrations recorded 2,253 units in Apr up from 2,328 units the previous month and 2,300 units 12 months ago.

The 3-wheeler registrations recorded 4,151 units in Apr up from 3,978 units the previous month but significantly down from 10,839 units 12-month ago. At the peak in Nov 2015 registrations hit 13,668 and in Feb registrations at 2,939 units was a 60-month low. The two -wheeler registrations recorded 23,956 units in April down from 28,619 units the previous month but 27,669 units 12 months ago. Bajaj claimed a segment share of 33.3% followed by Honda with 24.6%, Hero with 19.8%, TVS with 12.3% and others accounted for 10%.

Van registrations recorded 295 units in Apr down from 429 units the previous month and down 68% from 12 months ago. Financing share was 72.9%.

Pickup truck registrations recorded 236 units in Apr marginally up from 228 units the previous month but significantly down from 403 units 12 months ago. Tata is the market leader with 66.9% followed by Toyota with 17.8% and Mahindra with 5.5%. Mini truck registrations were 788 units in Apr down from 840 units in Mar and significantly down from 1,357 units recorded 12 months ago.

Lite truck registrations recorded 541 units in April up from 595 units the previous month and 504 units 12 months ago. Medium trucks registrations were 107 units in Apr down from 163 units the previous month and 167 units 12 months ago. Heavy trucks registrations were 81 units in Apr down from 132 units the previous month and significantly down from 284 units 12 months ago. Ashok Leyland unseated Tata to claim segment leadership with a share of 47.5% followed by Tata with a segment share of 41.3%. Financing share was 53.8% institutional purchase.

Buses recorded 144 units in Apr down from 182 units the previous month but up from 122 units recorded 12 months ago. Ashok Leyland is the market leader with a share of 41.3%. Financing share was 85.7%.
www.dailynews.lk

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