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VEHICLE REGISTRATIONS SURGE

Jul 25, 2011 7:19:45 AM - itnnews.lk

New vehicle registrations in June this year reached 48,157 units. According to latest statistics, it is an increase of 55.8 percent when compared with 30,905 vehicle registrations in the same period last year.

According to latest statistics of the Central Bank, the biggest increase has been in three-wheelers. It increased from 8007 to 13,753 this year. This accounts for a 71% increase. Registration of motor cars has been the second largest. It shows an increase from 606 last year to 5,069 this year and accounts for a 736% increase. Motor Cycles have also shown a significant increase from 18,725 last year to 22,690 this year thus accounting for a 21% increase.

The new data indicates that registration of all other motor vehicles such as buses, dual purpose vehicles, lorries and other transport vehicles for goods, tractors, hand tractors and other land vehicles, had also soared.