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

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 automobile sales post 1.0 percent growth in December

KARACHI: Pakistan auto sales are up 1.0 percent in December 2018 to 19,423 units compared with 19,237 units sold in December 2017. However, sales are up 11 percent compared with November 2018. “This is the first time in 12 years (since December 2005) that sales have increased in December on… Continue reading

Appreciating JPY to bring more troubles for Pakistan’s auto sector

KARACHI: Pakistan’s auto sector, already facing many challenges, is about to confront another negative event in the wake of JPY appreciation against USD, as this would directly impact margins of the auto assemblers including Pak Suzuki Motor Company (PSMC), Honda Cars (HCAR) and Indus Motor Company (IMC). Post indication of… Continue reading