Ongoing Car Own Rates in Pakistan
Automotive production is a complex business. Only 13 countries in the world have the ability to completely engineer, design and manufacture a ‘new’ car. Even though the big automobile giants spread their products worldwide, the fact still remains that the automobile-industry is highly regionalized. There are a lot factors, which are considered to be driving this phenomenon. Socioeconomic trends, Geo-political conditions, infrastructure development, customer requirements and government regulations. These factors undoubtedly play a very crucial role in shaping a localized automobile trend.
Automotive industry has always been linked to a GDP of any country, if the said country is prospering then the citizens will definitely need a medium of transport. Hence, the growth of the automotive industry is directly related to the economic conditions of a country. But what about the profits for investors? How much can they get out of a deal? Because let’s be honest, if auto-industry prospers with the growing economic trends, it begets the question of potential growth.
I took the initiative on compiling a list of vehicles and their current ‘Own Rates’ in the local market (Pakistan); and you will notice some big changes in the ‘Own Money’ of many cars, which is primarily due to the peak-low market availability of the car and public’s demand. Here I should mention that a lot of company-associated showrooms offer some of these cars only on booking and I had to resort on local market rates, which vary a lot.
Remember, I mentioned that the growth of automobile industry is highly regionalized; here is another fact regarding this statement; these regionalized trends are often accompanied by some quirks in many areas of the world. In Pakistan’s case, we have the example of ‘Own Money’. But the concepts of Own Money are divided in terms of perceptions, the businessmen will always argue in favor of it and many customers will argue against it. But the fact remains that it yields high profits.
Read More: Why investing in cars is more profitable than Fixed Deposits?
So without further ado, let’s go ahead and have a look at this list:
