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Vehicle prices News

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Economy

Sri Lanka’s Vehicle Import Surge: Central Bank Highlights Potential $2.4 Billion Annual Expenditure.

May 19, 2026 at 4:22 AM

Central Bank Governor Dr. Nandalal Weerasinghe has warned that Sri Lanka's vehicle import costs could hit $2.4 billion by the end of 2026, driven by a $600 million expenditure in the first quarter alone.

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Sri Lanka’s Vehicle Import Surge: Central Bank Highlights Potential $2.4 Billion Annual Expenditure
Image Credit : newswire.lk
Technology
Rising Fuel Costs Driving Consumers Toward EVs, Says BYD Executive
Image Source : autonews.com

Rising Fuel Costs Driving Consumers Toward EVs, Says BYD Executive.

May 13, 2026 at 12:44 PM
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Business
Surging Oil Prices Skyrocket Airline Fuel Costs, Threatening Passenger Ticket Prices
Image Source : businessinsider.com

Surging Oil Prices Skyrocket Airline Fuel Costs, Threatening Passenger Ticket Prices.

May 12, 2026 at 9:34 PM
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Automotive
The Vanishing Budget Vehicle: Why Finding an Affordable Car in the U.S. Is Becoming a Struggle
Image Source : epa.gov

The Vanishing Budget Vehicle: Why Finding an Affordable Car in the U.S. Is Becoming a Struggle.

May 12, 2026 at 11:09 AM
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Business•
May 10, 2026 at 9:40 AM

How Soaring Fuel Costs Are Boosting Costco’s Retail Dominance.

As gasoline prices exceed $4.50 per gallon, US consumers are increasingly turning to Costco for fuel, driving a significant uptick in both fuel revenue and overall warehouse foot traffic.

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Technology

Inside Ford's Secret 'Skunk Works' Project: Building the Future of Affordable Electric Pickups.

May 5, 2026 at 1:03 PM

Despite global EV market turbulence and internal leadership shifts, Ford continues to develop its 'Universal Electric Vehicle' (UEV) platform, focusing on an affordable $30,000 midsize electric pickup to compete with Chinese manufacturers.

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Inside Ford's Secret 'Skunk Works' Project: Building the Future of Affordable Electric Pickups
Image Credit : electrive.com
Local News
Vehicle Importers Warn of Impending Price Hikes Amidst Currency and Tax Pressures
Image Source : adaderana.lk

Vehicle Importers Warn of Impending Price Hikes Amidst Currency and Tax Pressures.

May 3, 2026 at 11:01 AM
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Technology
Ecovacs Slashes Robot Vacuum Prices by Hundreds Following Trade Stabilization
Image Source : technobezz.com

Ecovacs Slashes Robot Vacuum Prices by Hundreds Following Trade Stabilization.

April 28, 2026 at 2:44 PM
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Technology
Middle East Conflict Sparks Global Surge in Electric Vehicle Adoption
Image Source : fortune.com

Middle East Conflict Sparks Global Surge in Electric Vehicle Adoption.

April 27, 2026 at 5:27 AM
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Finance•
April 23, 2026 at 11:05 AM

Why Reduced Driving Won't Shield You from Rising Car Insurance Costs.

While rising gas prices are forcing many Americans to drive less, experts warn that this reduction won't lead to significant savings on car insurance premiums due to inflating repair and parts costs.

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Economy

Surging Fuel Costs Force Ride-Hailing Drivers to Recalibrate Earnings Strategy.

April 18, 2026 at 9:55 AM

Rising gasoline prices triggered by geopolitical instability are forcing full-time rideshare drivers to become more selective with trip acceptance and adopt fuel-saving driving habits.

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Surging Fuel Costs Force Ride-Hailing Drivers to Recalibrate Earnings Strategy
Image Credit : usatoday.com
Automotive
The Resurgence of the Sedan: Why Foreign Brands are Winning the Affordability War
Image Source : cnbc.com

The Resurgence of the Sedan: Why Foreign Brands are Winning the Affordability War.

April 16, 2026 at 11:41 AM
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United States
Rising Fuel Costs Weigh Heavily on American Economic Sentiment
Image Source : businessinsider.com

Rising Fuel Costs Weigh Heavily on American Economic Sentiment.

April 13, 2026 at 6:20 PM
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Technology
US Electric Vehicle Market Faces Sharp Q1 Decline Amid Intensified Tesla Dominance
Image Source : cbtnews.com

US Electric Vehicle Market Faces Sharp Q1 Decline Amid Intensified Tesla Dominance.

April 10, 2026 at 9:26 AM
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Surging Demand for Used EVs: Market Trends and Shifting Consumer Preferences
Technology•
April 6, 2026 at 9:18 PM

Surging Demand for Used EVs: Market Trends and Shifting Consumer Preferences.

While new electric vehicle sales have slowed following the removal of tax incentives, the pre-owned EV market is experiencing a significant boom driven by increased supply from expiring leases and competitive pricing.

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Local News

Central Provincial Council Puts Luxury Fleet Under the Hammer.

April 2, 2026 at 12:06 AM

The Central Provincial Council has initiated an auction for 32 government-owned vehicles, including high-end SUVs previously used by provincial ministers, fetching bids over Rs. 40 million.

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Central Provincial Council Puts Luxury Fleet Under the Hammer
Image Credit : island.lk