Car Sales Dropped The automotive market is currently experiencing a prolonged downturn, with a drastic 53% decline in sales of passenger cars, light commercial vehicles (LCVs), and SUVs during the …
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In November 2023, the sale of passenger cars in Pakistan witnessed a significant year-on-year decline of 68.41%, reaching only 4,875 units, compared to 15,432 units in the same month last …
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Pakistan Car Sales Plummet 47.4% in FY 2023-24’s First Four Months
by Hamza Irshadby Hamza IrshadCar sales in the initial four months of the current fiscal year 2023-24 have witnessed a sharp decline of 47.4%, as per recent data from the Pakistan Automobile Manufacturing Association …
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Low interest rate and record car financing of Rs314 billion by banks till July 2021 played a big role reviving the auto production and sales in FY21, with the momentum …
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Availability of car-financing at affordable rates, availability of new models, fear of the coronavirus pandemic, and growing economic activities in 2021 have boosted manufacturing and sale of cars in the …