Vehicle prices in Sri Lanka drop by up to Rs. 1 mn, says importers’ body
Vehicle prices in the local market have declined considerably, with prices of some small vehicles falling by at least Rs. 1 million, Vehicle Importers Association of Lanka (VIAL) Chairman Indika Sampath Merenchige said. Speaking to the media, Merenchige said the current market situation provided an opportunity for those planning to purchase vehicles to reserve them, as prices could decline further. Car Price in Sri Lanka 2026: Best Prices & Deals Find the latest car price in Sri Lanka for popular models. Compare prices, explore affordable options, and make smarter buying decisions. See more. He said many traders were currently selling vehicles at a loss, while the downward trend in prices was expected to continue depending on market conditions. “People who are planning to buy vehicles should consider reserving them at this stage,” he said. However, Merenchige said vehicle prices could increase once the market stabilised. He said prices of several popular models, including the...