Tag: car sales
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Car sales in Pakistan hit 15-year low in FY 2023-24: PAMA data
Car sales in Pakistan plummeted to their lowest level in 15 years during the fiscal year 2023-24, as reported by the Pakistan Automotive Manufacturers Association (PAMA).
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Car sales increase in Pakistan despite high prices, economic challenges
In a surprising turn of events, the soaring prices of cars in Pakistan have not deterred buyers, as car sales experienced a notable uptick in February 2024.
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SBP-held forex reserves surge to $7.76 billion in December
In the week concluding on December 22, 2023, Pakistan witnessed a substantial increase in its total liquid foreign reserves, reaching a noteworthy $12,855.7 million.
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Toyota car prices reduced by up to Rs1.3 million in Pakistan
Indus Motor Company, the leading assembler of Toyota-brand vehicles in Pakistan, has made a significant move to benefit its customers.
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Car sales in Pakistan witness 57% decline in July 2023 compared to last year
In the midst of ongoing economic uncertainty, the automobile sector has encountered a substantial decline in car sales, marking another significant setback.
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High prices lead to 79% drop in new car sales in June 2023
The automobile industry of Pakistan experienced a severe blow in the fiscal year 2022-23, with car sales plummeting by 56 per cent to a mere 126,879 units, according to data shared by the Pakistan Automotive Manufacturers Association (PAMA) on Tuesday. This significant decline can be attributed to various factors, including the non-availability of completely knocked…
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Pak Suzuki suffers worst sales decline, sells less than 1,000 cars in February
Recent reports indicate that Pak Suzuki Motors has experienced a significant decline in sales due to production issues. The company has recorded its worst sales performance in history, mainly because of a shortage of production parts and rising raw material costs. Reports reveal that Pak Suzuki sold fewer than 1,000 units in February, marking its…
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Car sales in Pakistan drop by 65% due to low purchasing power, supply chain disruptions
According to data from the Pakistan Automotive Manufacturers Association (PAMA), passenger car sales in Pakistan experienced a significant decline of 65 per cent in January 2023 compared to the same period the previous year. This was attributed to a shortage of raw materials, low purchasing power, and price surges. With the exception of Suzuki’s Swift,…
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Pakistanis buying 47% fewer cars due to rising prices
Despite an increase from month to month in October, the total number of cars sold fell by 47 per cent to 39,700 units in 4MFY23 from 74,952 units as a result of increased prices, restrictions on auto financing and part imports, and high interest rates. However, the number of cars sold in October increased to…
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In Pictures: Pakistan unveils its first electric car with 210km range
Except for Pakistan, electric vehicles have gained massive popularity throughout the world. A few imported cars that are available in the local market are pricey and out of the range of the average person. Now that Pakistan’s first electric automobile has been launched with some outstanding features, things are set to change. On Independence Day,…