Wednesday, 14 January 2004  
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Sharp increase in new and reconditioned vehicle sales

By Shirajiv Sirimane

There was sharp increase in the sale of new and reconditioned vehicles in Sri Lanka last year. According to statistics released by the Registrar of Motor Traffic, (RMV) 143,636 vehicles were registered in 2003.

An official of the RMV Statistics Department said that this is an increase of 30,285 compared to 2002. Since the decentralisation of the RMV, Provincial Councils too were granted permission to register three wheelers and motor- cycles. It is estimated that around 40,000 three wheelers and motorcycles were registered outside the Western Province last year.

A total of 36,204 three wheelers were registered in the Western Province last year, an increase of 16,198 from 2002. It is estimated that around 20, 000 three wheelers would have been registered with the Provincial RMV's.

In 2002, 49,000 motor-cycles were registered with the Western Provincial Council RMVs.

The statistics of motor registrations carried out by the Provincial RMVs were not available in these two areas.

The motorcar registrations too have almost doubled with 12,000 cars being registered for 2002 and 21,000 the following year. There were 10,551 lorries and 9986 land vehicle registrations last year.

With the improvement in the business potential in the North East most of the used vehicles in the South were sold to the North East and new and reconditioned vehicles were purchased in the South. The official said that priority given to the bicycles in the North East is yet to be changed and many prefer to use this cheap mode of transport.

One of the key reasons for the North East citizens not to invest in new vehicles is the underdeveloped road network. "They prefer to buy used vehicles or keep their cycles," he said.

However there has been a substantial increase in motor-cycle purchases but statistics were not available.

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