Pakistan's Trusted Automobile Blog
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
Woefully prolonged delivery periods is nothing new for the auto consumers of Pakistan. It has been like this ever since the local assembling of automobiles started in the country and is the root cause behind the existence of on-money/ premium culture in the market.
Woeful Delivery Periods of Local Assembled Cars in 2022 Read More
Auto parts makers and vendors have started facing production challenges due to the restrictions imposed by the State Bank of Pakistan (SBP). The industry says it has been encountering a production crisis following the curbs put in place through Circular #09 of 2022.
Payment Restrictions Hit Auto Sector’s Production 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
The upcoming fiscal year 2022-23 is also expected to give the local auto industry some severe ups & downs.
Auto Sector Expects Rollercoaster Fiscal Year 2022-23 Ahead Read More
According to the CEO of Indus Motor Company (IMC) Ali Asghar Jamali, if car companies are allowed to charge full payment at the time of booking it would make the industry unattractive for investors.
100% Booking Amount will End On-Money Culture- Says IMC Chief Read More
Local auto assemblers have expressed serious concerns over a new mechanism introduced by the State Bank of Pakistan (SBP) for import of goods and termed it a huge risk for the auto industry
PAMA Concerned About New Import Mechanism Introduced by SBP Read More
The massive increase in fuel prices will also impact the buying trends of masses into opting for new automobiles.
Demand of Small Cars to Increase as Fuel Prices Reach Record High Read More
Most people can’t even afford to buy new cars even through bank financing. The estimated monthly installments were already mind boggling, however it looks as if even most of the white collar people are finding it hard to avail the financing.
Can’t Even Avail Auto Financing, Who’s Buying All These Cars? Read More