BMI View: This quarter, we are revising down our 2016 new vehicle sales forecast. We now expect a
39.2% contraction in the market, with commercial vehicles to outperform passenger cars.
? A range of measures, including tougher loan-to-value rules for a ..."
BMI View: Tight conditions for consumers and a record sales year in 2015 mean that market growth will
be much less buoyant in 2016, with the commercial vehicle segment outperforming.
? Tougher loan-to-value rules for auto financing and higher import, r ..."
BMI View: We continue to believe that a combination of new import valuation rules and higher car taxes
will lead to slowing growth in Sri Lanka's new vehicle sales market over 2016, from the elevated levels seen
in 2015. However, given strong domestic demand and the p ..."
We believe a combination of new import restrictions and higher car taxes will lead to a slowing in growth
within Sri Lanka's new vehicle sales market over 2016 from the elevated levels seen in 2015. However,
given strong domestic demand and the likelihood of further i ..."
Confirming our view last quarter that there would likely be upside risks to our current 2015 auto sales
forecasts for Sri Lanka, 4M15 sales data have revealed a strong increase in new vehicle sales. Looking at
new registration data released by the Central Bank in May ..."
BMI View: We believe that there is a broadly supportive outlook for the Sri Lankan economy and, by
extension, new car sales over the rest of 2015, although some risks remain. BMI's Country Risk team
recently downgraded its 2015 GDP forecast from 7.5%, to 6.5%. However ..."