Tag: Car Sales

Sales of locally assembled cars plunged by 82% year-on-year in June 2023 mainly due to non-production days, higher prices of …

Sales of passenger vehicles in Pakistan declined by 80% year-on-year in May 2023 mainly due to non-production days, higher prices of cars, and a decline in purchasing power.

In April, sales of cars, light-duty vehicles, jeeps, and vans decreased by more than 80% year over year (YoY) to 4,463 units due to escalating political and economic uncertainty.

Overall locally assembled automobile, LCV, 4×4 and truck sales fell 47% to 109,466 units in the first 9 months (July ’22 to March ’23) of the current fiscal year, down from 205,452 units in the same period of the previous year.

The horror period for the local auto sector continues as car sales plunged to a deplorable 73% low in February 2023 compared to sales from the same month of the previous year, according to the data released by the Pakistan Automobile Manufacturers Association (PAMA).

The depressing performance of the auto sector continues as the sales of locally assembled cars plunged by 43% followed by a 42% decline in trucks, 19% in 4×4 and pickups, 52.6% in tractors, and 32.5% in two- and three-wheelers during the first 7 months of the current fiscal year.

Sales of locally assembled vehicles witnessed a slight recovery in the month of November on back of the availability of completely knocked down (CKD) parts, which led to a relatively higher production of vehicles.