Auto importers in Sri Lanka have indicated that the prices of second hand vehicles will not decrease, even with the influx of new vehicles into the market.
Despite the arrival of new car shipments, prices of the second hand market are expected to remain at their current levels due to high taxes on vehicle imports.
M.K. Dushan Asanga, Treasurer of the Sri Lanka Auto Importers Association, confirmed that a significant number of vehicles imported from Japan are set to arrive later this month. One of the key vehicles being imported is the Toyota Aqua, with a price tag of Rs. 13 million for the new model. In contrast, used Aqua cars currently available in the market are being sold for Rs. 07 – 08 million.
The price of a new Wagon R is reported to be around Rs. 09 million, he added.
Fast-food giant KFC leaves Kentucky home for Texas
KFC’s headquarters is being moved from its ancestral home in Kentucky to Texas as part of a wider shakeup at its parent company
KFC, the fast-food restaurant chain formerly known as Kentucky Fried Chicken, is moving its corporate headquarters in the US from Louisville in Kentucky to Plano in Texas, according to a statement from its parent company, Yum Brands.
About 100 corporate employees and dozens more remote workers will be required to move and will receive relocation support.
The decision by Yum Brands is part of a plan to have two headquarters for its main brands — KFC and Pizza Hut will be headquartered in Plano, while Taco Bell and Habit Burger & Grill will remain in Irvine, California.
In recent years, many companies have relocated to Texas attracted by the state’s lower taxes and business-friendly policies.
“These changes position us for sustainable growth and will help us better serve our customers, employees, franchisees and shareholders,” said David Gibbs, the chief executive of Yum Brands in the company’s statement.
