Sri Lanka vehicle sales down 50-pct after Ditwah importers say, seeking penalty relief

ECONOMYNEXT – Sri Lanka’s vehicle market have been swept away by Cyclone Ditwah with 50 sales plunging 50 percent as many customers are no longer in a position to go ahead with car purchases, President of the Ceylon Automobile Importers Association Prasad Manage said. Customers in Kandy and many other areas are no longer in a position to complete purchases already initiated, he said. Importers now face a 3 percent a month penalty on an imported which is unsold for more than three months. “When your house is flooded you are no longer thinking of buying cars,” Manage said. “Sales…

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