Sri Lanka’s motor vehicle registrations in the majority of categories and specifically motobikes has recorded an acceleration during the month of November 2016 compared to a month earlier, an analysis by JB Securities released on Friday showed.
Accordingly, total cars registrations recorded 3,574 units in November up from 3,402 unit the previous month but down from a very high number of 10,084 a year months ago.
Brand new registrations recorded 2,098 units in the month, slightly down from 2,185 units in the previous month and significantly down from 6,732 units 12 months ago.
Pre-owned car registrations recorded 1,476 units in the month, up from 1,217 units the previous month. Toyota maintained its market share recording 708 units followed by Suzuki with 482 units and Honda with 233 units. Financing share was 65.6%.
The premium brand segment recorded 73 units in Nov., up from 61 units the previous month and slightly down from 74 units 12 months ago while the SUV segment recorded 476 units in November up from 451 units in October but down from 806 units 12 months ago.
Electric cars recorded 25 units in the month, slightly up from 23 units the previous month but massively down from 494 units 12 months ago. Hybrid registrations recorded 1,605 units in November up from 1,358 units the previous month but significantly down from 3,247 units 12 months ago.
Meanwhile, van registrations in Nov. recorded 100 units, down from 119 units the previous month and significantly down from 802 units 12 months ago.
Three-wheeler registrations recorded 6,098 units in Nov., significantly up from 4,495 units the previous month but significantly down from 13,668 units 12 months ago while two-wheeler registrations recorded 32,084 units in November up from 30,373 units the previous month and slightly up from 31,262 units 12 months ago.
Pickup trucks accounted for 529 units in Nov., up from 470 units the previous month and also up from 462 units 12 months ago. Tata was the market leader claiming a share of 65.2%. Financing share was 78.1%.
Buses recorded 217 units in Nov., down from 281 units the previous month and 244 units 12 months ago.
Maruti reclaims market leadership
India’s popular car brand, Maruti retained its market leadership in Sri Lanka during the month of November recording 751 units (Alto – 506, Celerio – 229) outdoing new entrant Renault Kwid, recent analysis showed. Renault Kwid, which became the market leader in October 2016 notching up 854 units claimed the second position with 582 units being registered.
The duo were followed by Nissan – 170 units (Go – 165), Perodua - 122 and Micro - 118 units.
"Small cars dominated the car registrations recording 1,930 units (92% share) while the financing share is a high 69.1%, in comparison for mid sized cars it is 57.8% and 33.9% for large cars," JB Securities said in a report. (AR)
Accordingly, total cars registrations recorded 3,574 units in November up from 3,402 unit the previous month but down from a very high number of 10,084 a year months ago.
Brand new registrations recorded 2,098 units in the month, slightly down from 2,185 units in the previous month and significantly down from 6,732 units 12 months ago.
Pre-owned car registrations recorded 1,476 units in the month, up from 1,217 units the previous month. Toyota maintained its market share recording 708 units followed by Suzuki with 482 units and Honda with 233 units. Financing share was 65.6%.
The premium brand segment recorded 73 units in Nov., up from 61 units the previous month and slightly down from 74 units 12 months ago while the SUV segment recorded 476 units in November up from 451 units in October but down from 806 units 12 months ago.
Electric cars recorded 25 units in the month, slightly up from 23 units the previous month but massively down from 494 units 12 months ago. Hybrid registrations recorded 1,605 units in November up from 1,358 units the previous month but significantly down from 3,247 units 12 months ago.
Meanwhile, van registrations in Nov. recorded 100 units, down from 119 units the previous month and significantly down from 802 units 12 months ago.
Three-wheeler registrations recorded 6,098 units in Nov., significantly up from 4,495 units the previous month but significantly down from 13,668 units 12 months ago while two-wheeler registrations recorded 32,084 units in November up from 30,373 units the previous month and slightly up from 31,262 units 12 months ago.
Pickup trucks accounted for 529 units in Nov., up from 470 units the previous month and also up from 462 units 12 months ago. Tata was the market leader claiming a share of 65.2%. Financing share was 78.1%.
Buses recorded 217 units in Nov., down from 281 units the previous month and 244 units 12 months ago.
Maruti reclaims market leadership
India’s popular car brand, Maruti retained its market leadership in Sri Lanka during the month of November recording 751 units (Alto – 506, Celerio – 229) outdoing new entrant Renault Kwid, recent analysis showed. Renault Kwid, which became the market leader in October 2016 notching up 854 units claimed the second position with 582 units being registered.
The duo were followed by Nissan – 170 units (Go – 165), Perodua - 122 and Micro - 118 units.
"Small cars dominated the car registrations recording 1,930 units (92% share) while the financing share is a high 69.1%, in comparison for mid sized cars it is 57.8% and 33.9% for large cars," JB Securities said in a report. (AR)
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