{"id":38963,"date":"2021-03-13T08:37:07","date_gmt":"2021-03-13T08:37:07","guid":{"rendered":"https:\/\/carspiritpk.com\/?p=38963"},"modified":"2021-03-13T08:37:07","modified_gmt":"2021-03-13T08:37:07","slug":"car-sales-increased-by-35-in-february-2021","status":"publish","type":"post","link":"https:\/\/carspiritpk.com\/car-sales-increased-by-35-in-february-2021\/","title":{"rendered":"Car Sales Increased by 35% in February 2021"},"content":{"rendered":"<p>Sales of locally assembled passenger cars witnessed a healthy growth in February 2021 as sales grew by 35% to 16,436 units according to the data released by Pakistan Automobile Manufacturers Association (PAMA).<\/p><div class=\"carsp-in-article\" style=\"margin-left: auto; margin-right: auto; text-align: center; margin-top: 10px; margin-bottom: 10px; clear: both; \" id=\"carsp-225582520\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3921992284533937\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-3921992284533937\" \ndata-ad-slot=\"2279435244\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div>\n<p>Despite higher car prices the increase in sales came on the back of improvement in economic activities and a lower interest rate which led to an increase in auto financing. As of the first 8 months of this fiscal year, total car sales rose to 95,139 units from 79,534 units in the corresponding period of previous year.<\/p>\n<p>Pak Suzuki continued to lead the sales growth with a year-on-year increase of 66% to 8,903 units in February 2021. Suzuki Alto alone saw an increase of 162% y-o-y with 4,245 units. Honda Atlas witness an increase of 13% in sales to 2,429 units, while sales of Indus Motor Company fell 3% year-on-year to 4,384 units.<\/p>\n<p>Hyundai-Nishat which is among the new entrants saw 651 units sold in February, its highest ever to date, whereas KIA which is not a member of PAMA is said to have sold around 2,500 units in previous month according to sources.<\/p>\n<p>Auto sector was hit hard by the COVID-19 pandemic during the second half of FY-20, however sales have bounced after the lockdowns were eased in July 2020 as production resumed and the market demand increased.<\/p><div class=\"carsp-content\" style=\"margin-left: auto; margin-right: auto; text-align: center; margin-top: 10px; margin-bottom: 10px; clear: both; \" id=\"carsp-727227856\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3921992284533937\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-3921992284533937\" \ndata-ad-slot=\"2279435244\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div>\n<div class=\"carsp-after-content\" style=\"margin-left: auto; margin-right: auto; text-align: center; margin-top: 10px; margin-bottom: 10px; clear: both; \" id=\"carsp-384311882\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3921992284533937\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-3921992284533937\" \ndata-ad-slot=\"4734905637\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Sales of locally assembled passenger cars witnessed a healthy growth in February 2021 as sales grew by 35% to 16,436 units according to the data released by Pakistan Automobile Manufacturers Association (PAMA).<\/p>\n","protected":false},"author":1,"featured_media":38964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[7,3],"tags":[1822,114,546],"class_list":["post-38963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-pakistan","tag-car-sales","tag-local-assembled","tag-pama"],"_links":{"self":[{"href":"https:\/\/carspiritpk.com\/wp-json\/wp\/v2\/posts\/38963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/carspiritpk.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carspiritpk.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carspiritpk.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carspiritpk.com\/wp-json\/wp\/v2\/comments?post=38963"}],"version-history":[{"count":0,"href":"https:\/\/carspiritpk.com\/wp-json\/wp\/v2\/posts\/38963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/carspiritpk.com\/wp-json\/wp\/v2\/media\/38964"}],"wp:attachment":[{"href":"https:\/\/carspiritpk.com\/wp-json\/wp\/v2\/media?parent=38963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carspiritpk.com\/wp-json\/wp\/v2\/categories?post=38963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carspiritpk.com\/wp-json\/wp\/v2\/tags?post=38963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}