KARACHI: Auto sales outlook remains bright as import of completely knocked down (CKD) kits of locally-produced heavy vehicles, cars and bikes rose by 37, 51 and 23 per cent, respectively, in the first seven months of this fiscal year from the same period last year.
According to the figures of Pakistan Bureau of Statistics (PBS), import of CKD kits for buses, trucks and heavy vehicles increased to $91.4 million in July-Jan 2014-15 from $66.5m in the same period last year.
Import of CKDs of locally-produced cars and bikes swelled to $280m and $51.5m from $185m and $42m, respectively.
However, higher imports of used cars seemed to have not caused any serious blow to the locally-produced cars whose sales went up to 74,497 units in July-Jan 2014-15 as compared to 64,835 units in corresponding period of last year.
Total import of cars, in which the share of used cars is over 90pc, rose by 32.5pc to $148.5m in the period under review compared to $112m in the same period last year.
Declining trend in imports of completely built up (CBU) buses, trucks and other heavy vehicles in the recent months has been giving much support to the sales of locally produced vehicles.
The import of buses, trucks and other heavy vehicles fell by 43pc to $59m in July-Jan period of 2014-15 as compared to $103m in the same period last year.
Sales of locally-produced trucks and bus jumped to 2,027 and 2,326 units from 1,249 and 1,579 units, showed Pakistan Automotive Manufacturers Association (Pama) data.
The rising trend of purchasing costlier heavy bikes (new and used ones) has now slowed down which is evident from 52pc fall in CBU imports of bikes to $987,000 from $2m.
Sales of locally-produced Honda and Suzuki bikes plunged to 355,174 and 12,647 units in July-Jan 2014-15 as compared to 376,003 and 13,852 units in same period last year.
Around 3,563 units of DYL Motorcycles were sold in the first seven months of this fiscal year as compared to 9,592 units in the corresponding period last year. Hero bike sales fell to 6,937 units from 8,823 units.
Published in Dawn February 26th , 2015