Pakistan's Trusted Automobile Blog
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 Manufacturers 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
Sales of locally assembled passenger cars in Pakistan dropped to the lowest in more than 2 years as rising prices suppressed demand and import curbs hurt production even before the full impact of the devastating floods are factored in.
Car Sales Drop to Lowest in More Than 2 Years Read More
The first month of new fiscal year 2022-23 for local auto industry started on a negative note, with car sales suffering from a 59% month-on-month decline.
Auto Industry Begins New Fiscal Year with 59% Decline in Sales Read More
Defying all odds, sales of passenger cars in Pakistan leapfrogged to a historic high at 28,379 units in June 2022, soaring 24% compared to the previous month and 106% compared to the same month a year ago.
Historical Figures in June, Auto Sector Posts Record Sales in FY22 Read More
Local auto assemblers anticipate a nearly 30% drop in sales in fiscal year 2022-23 in view of uncertainty after the increase in withholding tax on filers and non-filers, imposition of 1% capital value tax on vehicles exceeding 1,300cc, strict auto financing rules to compress demand, high interest rates and more price shocks ahead.
Assemblers Anticipate a Massive Drop in Sales Read More
Sales of locally assembled passenger cars witnessed a slight uptick of 2% in May 2022 with 22,893 units. Sales including the non PAMA members roughly make up 27,000 units last month.
Car Sales Witness a 2% Uptick in May 2022 Read More