By the end of June 2015, the car sales may reach its highest level in three years, experts expressed that this expected growth is depending on the new models of cars in market and their success.
During the first nine months of fiscal year 2015, it has been noticed that sales of used and new vehicles went up with an average of 24% (estimated).
According to Global Research Analysts, “Auto sales are expected to grow in double-digits but they are highly dependent on automaker’s new models,”
This growth in fiscal year 2015 regarding automobiles may reach the top expected sales of units around 165,000 which is a growth for this fiscal year, but if we compare it with fiscal year 2012, the total units sold were 175,000.
Whereas; the latest facts and figures provided by Pakistan Automotive Manufacturers Association (PAMA) the local vehicle including light commercial vehicles impressively shot up b 72%.
In March 2015, the monthly car sales touched highest rate of growth and if it remains same in the coming months, which is expected to be, it may touch a six-year high cumulative car sales.
However, experts are not sure as the auto industry is also facing some hidden challenges which can can affect on its cumulative sales as well.
via Express Tribune
