Registrations Jumped 18% in Sept, Then Fell 12% in Oct — Which Trend Is Real?

JB Securities data shows total vehicle registrations rose 18.3% in September to 54,214, led by a two-wheeler/three-wheeler rebound and motor cars up nearly 31% to 3,414. October reversed hard: registrations fell 12.1% to 47,628, with motor cars down 17.9% to 2,802 and SUVs/crossovers off 13.8%. EVs were the one bright spot, still up 5.4% to 6,374, mostly electric two-wheelers. One camp says September was never real demand — just dealers and buyers rushing stock in before import-surcharge and LC-exemption deadlines, and October is the honest picture of a market that can't afford current prices. The other camp says one month proves nothing, three-wheelers and e-bikes are still moving, and anyone calling a 'crash' off two data points is just talking their own book. If you're a dealer, broker, or buyer right now: are showrooms quiet or busy, are sellers actually dropping asking prices, and is anyone getting approved for a loan at the rates being quoted? Real numbers from the ground beat another securities report. ඇත්තටම මාසෙන් මාසෙට මේ වෙනස මොකක්ද අද පාරේ පේන්නේ?