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Sri Lanka’s used car industry is likely to be phased out eventually following government plans to allow for only year-old vehicles to be imported in the future of SriLanka. This industry in SriLanka has over time captured a sizeable market in SriLanka share gaining much popularity among the consumers over the brand new vehicle dealers of SriLanka. However, the currency fluctuations, imposition of increased duty on cars and the reduction of the age of imported vehicles have had their toll on the industry in SriLanka.
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