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Costs of automobiles are dropping quickly within the nation because of the sharp downfall in demand for automobiles, the Car Importers’ Affiliation of Sri Lanka (VIASL) says.
Chatting with Ada Derana, President of the affiliation, Indika Sampath Merenchige expressed {that a} scenario has emerged the place it’s unattainable to promote costly automobiles.
“Demand and provide have an effect on all trades throughout the nation. The demand has quickly decreased as persons are not in a position to afford the costs. In consequence, automobile costs have dropped quickly”, he talked about.
The President of the VIASL additionally identified that the costs of automobiles within the worth vary beneath Rs. 3 million haven’t dropped but, since one can nonetheless afford them with the cash they personal, whereas these automobiles are presently being traded out there and the costs are fairly secure.
A sure variety of automobiles within the vary of Rs. 3, 5 and 6 million are presently being bought, while it has turn into unattainable to promote automobiles price greater than Rs. 10 million, the president of the affiliation said additional.
(adaderana)
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