In October alone, the number of vehicle registrations shot up 61 percent to 34,183 from a year ago, driven mainly by imports of cars which zoomed 914 percent to 3,753, according to central bank data.
Vehicle imports have been rising sharply since June, when the import taxes were slashed by the government as economic growth began accelerating after the end of the island's 30-year ethnic war.
Economic growth is expected to hit eight percent this year and government revenue has also risen despite lower import duty owing to the flood of vehicle imports.
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According to central bank data, bus imports have shown the sharpest increase this year, as transport activity revived when connections to the north and east resumed after the war and travel picked up.
The number of buses imported during January - October 2010 rose 238 percent to 1,914 from the same period last year.
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