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Layoffs in local auto industry expected as demand for local cars fall
It doesn’t take a rocket scientist to see that the demand is falling for locally made cars, at that price with little value for money, every other person with a bit of understanding and enthusiasm towards cars can tell before the downward trend of sales even began in the local auto industry. Many of the local auto parts manufacturers have now decided to slash jobs as they are not getting orders as they used by auto assemblers or OEMs (Original Equipment Manufacturers) due to falling demand of locally assembled cars. While some haven’t even got any orders for spare parts …
High prices, tough financing schemes and high mark up rates force buyers to purchase second hand cars
Car prices today have increased three times compared to the prices in 2006 and to test the impact on buyers of this exorbitant increase in prices, Pakwheels.com and YouGov collaborated towards a research on the local automotive assembling industry which has been rated as the lowest progressive industry in Pakistan which hasn’t even been able to move from assembling to manufacturing. Although mark up on financing have increased, however the number of financing options available to a buyer today has decreased significantly compared to 2006 as the impact is clearly reflected in the research where majority of the buyers (65%) …
Posted in Articles
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User cars worth 22 billion rupees imported in July-March 2011-2012
Pakistan Bureau of Statistics just released information regarding the total value of vehicles imported in the period of July-March 2011-2012 which has is a whopping 249 million US $ (22.585034 billion PKR). Compared to a rather very small worth of vehicles imported during the same period in the last fiscal year which totaled to 89.3 million US $ (8.102713 billion). However, Pakistan Bureau of Statistics have not shared the number of vehicles imported although the worth of cars imported in this period is pretty staggering given the predicament situation of economy and security and more importantly, rise in ransoms which …
Posted in News
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Tagged: earth quake, fraud, imported cars, imports, Japanese, smuggling, stolen cars, tsunami, used cars
