Vehicle sellers in Sri Lanka are facing an overwhelming demand for new vehicles despite the high cost of imported units, according to Prasad Manage, President of the Vehicle Importers’ Association of Sri Lanka (VIASL).
Speaking to the media Manage revealed that 5,000 vehicles were imported over the past three months, with over 3,000 already sold, reflecting strong market demand. He noted that many middle-income earners continue to purchase vehicles within their financial capacity.
Manage clarified that no specific vehicle category has been banned from import. However, models like the Toyota Aqua and Prius have not been imported recently as they fall outside the three-year manufacturing age limit and attract higher taxes.
Importers are also facing challenges identifying demand trends for specific models due to the surge in overall interest. Compounding the issue, significant delays at both the Colombo and Hambantota ports are frustrating buyers and importers. Only four officers are currently assigned at each port, which is insufficient to handle the rising volume of vehicles.
Despite repeated appeals to the Customs Director General, no additional officers have been assigned. These delays have led to considerable demurrage charges, which are ultimately passed on to customers. At Hambantota Port, 80% of these charges go to China, adding to the financial burden.
The VIASL has expressed its readiness to handle the import and shipping processes efficiently and has urged authorities to resolve clearance delays to ease pressure on the industry and consumers.
