Central Bank Governor , Nandalal Weerasinghe says vehicle imports are now decreasing and are expected to return to normal levels in 2026.

He explained that the surge in vehicle imports seen after the easing of restrictions particularly in July, August, and September has now subsided, with Letters of Credit (LCs) dropping sharply in November and December.

Weerasinghe noted that pent-up demand has already been absorbed, contributing to stabilising market conditions and easing vehicle prices.

He added that while no official forecast has been made for next year’s import volumes, current trends indicate that 2026 will be a normal year for imports, including motor vehicles.