Business News

Car sales jumped by 38% to 121,934 units in 8 months

ISLAMABAD, Mar 13 (APP): The sale of domestically
assembled cars in the country jumped by 38 percent to 121,934
units during first eight months (July-February) of current
fiscal year from the sale of 88,538 cars during same period of
last year.
According to data released by Pakistan Automobiles
Manufacturing Association (PAMA), during the period under
review,Honda cars (City and Civic) sale increased from 14,041
last year to 15,793 this year.
Similarly, 2,288 Suzuki Swift cars were lifted by the
buyers during July-February (2014-15) while during the same
period of current year, 2,614 cars were sold.
The sale of Toyota Corolla cars also increased by 7027
units from 31,042 units to 38,069 in the first eight months of
current fiscal year.
Among 1000 cc cars, the sale of Suzuki Cultus jumped to
10,117 units in the period of current fiscal year from 8,909
units in same period of last year.
Likewise, the sale of Suzuki WagonR posted a record
increase of 123 percent as it increased from 2,693 units in
first eight months of the year 2014-15 to 6,020 cars during
same period of current year.
However, only four Hyundai Santro cars were sold during
the corresponding period of current year whereas during same
period of last year 47 cars were sold in the country.
Suzuki Mehran car sale during the period under review
recorded an increase of 33 percent as 25,459 cars were sold
during current year as compared to the sale of 19,085 cars
last year.
Similarly Suzuki Bolan car sale also jumped from 10,411
cars during the period July-February (2014-15) to 23,848 units
during current fiscal year.
On year-on-year and month-on-month basis, the overall
car sale in february 2016 witnessed a decrease of one percent
and 22 percent when it compared with that of February 2015 and
January, 2016 as it went down from the sale of 14,027 cars in
February 2016 to 14,041 cars in February, 2015 and 18,083 cars
in January 2016.