Locally assembles passenger car sales decline 56pc in October 2019

KARACHI: Overall passenger car sales clocked in at 10,853 units in October 2019, 56 percent down against 24,850 units sold in the same month last year, numbers issued by Pakistan Automotive Manufacturers Association (PAMA) suggest. On aggregate basis, locally assembled passenger car sales registered a decline of 46 percent to… Continue reading

Pakistan automobile sales decline 41% in August to 62-month low

KARACHI: Pakistan car sales continued its downward trend and witnessed a decline of 41% YoY during August 2019, which is mainly attributable to higher auto prices post rupee devaluation and overall economic slowdown. Highest decline was witnessed in the sales of Honda Cars (Honda), which declined 67% YoY, followed by… Continue reading

Disappointing start to FY20, as automobile sales nosedive 37%in July 2019

KARACHI: Pakistan Automotive Manufacturers Association (PAMA) published monthly automobile sales data for July 2019 where passenger car sales in the country plummeted 42%YoY/26%MoM to 10,968 units during the month. Trucks sales declined 30%YoY, however, on a MoM basis demand for trucks incremented 20% in July 2019 to 407 units. Jeep… Continue reading

Pakistan’s automobile sales plunge 21%, strong headwinds ahead for the industry

KARACHI: Pakistan Automotive Manufacturers Association (PAMA) released monthly Automobile sales data for May 2019 wherein total automobile sales for the month declined 21% YoY to 24.1k vehicles while on a MoM basis, total automobile sales remained stagnant in May. Passenger car sales for May 2019 arrived at 15.4k units, registering… Continue reading

Pakistan’s locally assembled automobile sales decline 25% in April 2019

KARACHI: Pakistan Automotive Manufacturers Association (PAMA) released the monthly Automobile sales data for April 2019 wherein total Automobile sales for the month declined 25% to 19.9k vehicles.[the_ad id=”32940″]Passenger car sales for Apr’19 arrived at 17.1k units, registering decline of 21%YoY/14%MoM. Jeep sales during the month arrived at 721 units (-33%YoY)… Continue reading

Mahindra’s Auto Sector sells 43,721 vehicles during April 2019

MUMBAI: Mahindra & Mahindra Ltd., a part of the USD 20.7 billion Mahindra Group, announced its auto sales performance for the month of April, 2019, which stood at 43,721 vehicles, compared to 48,097 vehicles during April 2018.[the_ad id=”31605″]The company’s domestic sales touched 41,603 vehicles during April 2019, as against 45,217… Continue reading

Non-tax filers allowed to buy local cars irrespective of engine size

KARACHI: As per the amended Finance Bill approved by Parliament, the law barring non-tax filers from purchasing motor vehicles has been removed for all cars, irrespective of engine size.  This is only applicable for cars manufactured locally. To recall, previous government had imposed ban on non-tax filers from purchasing motor… Continue reading

Pakistan’s locally assembled automobile sales decline 17 percent in November

KARACHI: Pakistan’s locally assembled automobile sales declined steeply by 17 percent YoY in November 2018, contrary to growth in numbers last month. “The volumetric decline is much anticipated given deteriorating economy, law barring tax non-filers from purchasing cars and multiple price hikes in the past 12 months,” Danyal Adil at… Continue reading