Pakistan’s Bestselling Car Hit Hard by Economic Crisis
In the midst of the continuing economic crisis, Pakistan’s best-selling car, the Suzuki Alto, is going through a very hard patch.
Pakistan’s Bestselling Car Hit Hard by Economic Crisis Read MoreTag: PAMA
Car Sales Dropped by 73% YoY in February 2023
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
Dismal Future of the Auto Sector of Pakistan
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
Depressing Times for Auto Sector Continues as Sales Plunge 43%
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
Auto Industry Wants Import Curbs to End
In a joint letter, the Pakistan Automotive Manufacturers Association (PAMA) and Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) informed State Bank of Pakistan Governor Jameel Ahmed that the industry was facing extinction as all supply lines of imported parts and accessories and tooling are completely chocked due to SBP’s restrictions and lack of cooperation from banks.
Auto Industry Wants Import Curbs to End Read More
Automobile Demand Next to Nil
According to Mashhood Khan, the former chairman of the Pakistan Auto Parts Manufacturers Association, due to the temporary closure of plants by the automakers, the demand has almost reduced to nil.
Automobile Demand Next to Nil Read More
Auto Sales Cut to Half in 1H-FY23
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
December 2017 vs December 2022- The Nightmare Continues
The year 2022 is about to end and will be remembered as yet another year of price hikes, the 5th now in a row. The nightmare began almost 5 years ago when Rupee started to lose out on its value against US Dollar, from around Rs 110 per $1 to being traded at Rs 255/260 today.
December 2017 vs December 2022- The Nightmare Continues Read More
Car Sales Witnesses Slight Recovery in November
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
2023- Dark Clouds will Remain Looming on the Auto Sector
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