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Browsing Tag
Car Sales
Pakistan automotive industry, like any other, is also bearing the brunt of prevailing economic shocks. The alarming dip comes as a result of a perfect storm brewing within the industry, fueled by production…
Despite Sales Slump, Big 3’s Revenue Skyrocketed by 82%
In the midst of a steep 55% drop in car sales, a surprising revelation has emerged – the revenues of key automakers have taken an unexpected upward turn. Recent research by Business Recorder has shed light on…
PAMA – Car Sales Decreased By 59% Last Month
It’s been more than a year, car industry is in shambles, thanks to the country’s shattering economic charts. Dwindling production in the face of back-to-back production shutdowns, severe downtrend in car sales…
Car Sales Plummet by More Than 50% in Fiscal Year ’22-’23
Plunging Car Sales Figures
The already troubled auto industry in Pakistan is facing further challenges due to the ongoing economic downturn, which has resulted in automakers reducing production to cope with…
PAMA – Car Sales Increased by 19% Last Month
After a decrease of 85% in April, car sales performed slightly better last month. As per Pakistan Automotive Manufacturers Association (PAMA) car sales observed a month-on-month (MoM) jump of 19% selling 5,290…
Thousands Laid Off in Auto Industry as Sales Down by 70%
The automotive industry in Pakistan has laid off thousands of workers in the last few months as production and sales of vehicles declined by almost 70%. A report by English news daily revealed that the industry…
Auto Financing Plunged for 10th Consecutive Month
Production shutdown and months-long major downtrend in sales charts are not the only setbacks for Pakistan’s auto industry; incessant decline in the Auto financing sector is another challenge. As per the…
Auto Apocalypse: Pakistan’s Car Sales Plunge 50% in July-Apr ’23
The already troubled auto industry in Pakistan is still suffering as a result of the economic downturn, which has forced automakers to reduce production owing to low inventories. Only 88,620 units were sold in…
PAMA Report: Car Sales Decreased by 85% in April’23
The economic decline continues hurting Pakistan’s already dwindling auto industry. Car makers left with no choice but to announce production cuts in the face of zero inventory. However, the whole episode…
Car Sales Improved by 54 % Last Month
Despite dwindling sales and back-to-back production cuts, car sales in Pakistan have recorded a little jump last month – a surprising twist. BIG 3 in the country are still observing non-production days. Even…
Car Financing Down for 8th Consecutive Month
Following car production and sales, the auto finance sector in the country is facing the same fate – dropped for the 8th consecutive month. As per the data unveiled by the State Bank of Pakistan (SBP), car…
250,000-300,000 People Lost Jobs in Pakistan’s Car Industry
Due to inflation and dismal economic conditions in the country, the sales of cars, SUVs, pickups, and jeeps in the 7 months of Fiscal Year 2023 have dropped by 40 percent to 94,296 units. According to…
PAMA Report: Car Sales Drop by 8% last Month
The continuous production cuts and an incessant downtrend in demand has accelerated the slump in sales. Highlighting the month-on-month (MoM) sales charts, country’s half-beating economic pulse reflects a major…
Car Sales Increased By 36% In November – Report
After observing a sharp downturn, things looks back on track – local car assemblers are witnessing a slight jump in sales charts. Pakistan Automotive Manufacturers Association (PAMA) shared a monthly report…
PAMA Report: Car Sales Inched Up by 21% In Oct
When automobile industry in Pakistan is shrinking in the face of prevailing uneven economic fuss and import curbs inflicted by State Bank of Pakistan, Pakistan Automotive Manufacturers Association (PAMA) report…
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