Pakistan's Trusted Automobile Blog
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).
Car Sales Dropped by 73% YoY in February 2023 Read More
After facing a 43% decline in sales, auto industry sector stakeholders believe that the next 6 months appear more challenging than the previous 7 months of the current fiscal year.
Dismal Future of the Auto Sector of Pakistan Read More
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.
Depressing Times for Auto Sector Continues as Sales Plunge 43% Read More
The local auto sector has witnessed a sharp decline in sales during the first half of the fiscal year 2022-23. With a 40% drop, total car sales stood at 68,900 units in July-December 2022 period compared to 114,774 units in the same period of the previous year.
Auto Sales Cut to Half in 1H-FY23 Read More
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.
Car Sales Witnesses Slight Recovery in November Read More
Pakistan’s economy is going through a turbulent period casting a hugely negative impact on my sectors including the automobiles. Local assemblers were already anticipating an up to 30% decline in sales during this fiscal year but analysts believe the forthcoming situation is going to be even worse.
2023- Dark Clouds will Remain Looming on the Auto Sector Read More
Rising car prices, increase in interest rates, curbs on auto financing, restrictions on the import of CKD parts and the prevailing political and economic uncertainty have proven to be turbulent for local auto assemblers, majority of which are now offering quicker deliveries, price cuts, and various packages to attract customers.
On-Money & Delivery Time Coming Down as Auto Market Crashes Read More
Sales of new local assembled passenger cars in Pakistan declined by 36% YoY in October 2022 at 11,129 units down from 17,413 units sold in October 2021.
Car Sales Reduced by 36% YoY in October- Cut to Half in 4M-FY23 Read More
Sales of locally assembled cars including those reported by companies that aren’t members of the Pakistan Automotive ManufacÂturers Association (PAMA), dropped by 51% on a year-on-year basis amid escalating prices, expensive auto financing, and low purchasing power of consumers.
Sales of Local Assembled Cars Crash Amid Escalating Prices Read More
It is expected that the output figures of locally assembled automobiles are going to remain significantly lower in future and assemblers will continue to observe non-production days till the import restrictions are lifted. How the industry is going to survive in these tough times with the absence of Plan B, is something we will have to watch out for.
Road Isn’t Going to be Easy for Local Assemblers Read More