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Vehicle Market Hits Speed Bump as Imports Surge, Prices Fall - LNW Lanka News Web
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Vehicle Market Hits Speed Bump as Imports Surge, Prices Fall - LNW Lanka News Web
Sri Lanka’s once-booming vehicle market is showing clear signs of deceleration. After an initial surge in imports earlier this year, prices of imported vehicles have begun to slide sharply — by as much as Rs. 1.5 million reflecting both a glut in supply and a slowdown in new vehicle demand. According to the Central Bank of Sri Lanka, personal vehicle imports cost the country USD 705 million between January and August 2025, marking one of the lar…
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