The local car sale for the current fiscal year amounts to 85,901, according to the recent statistics issued by Pakistan Automotive Manufacturers Association (Pama). The total sale of locally produced cars has been decreased by 4.3 pc on a year-on-year basis due to the absence of Punjab Taxi Scheme.
The car sale has seen a decline of 3.5pc in the first six months of the fiscal year 2017 whereas the combined sales of cars and light commercial vehicles (LCVs) fell by 13pc.
Total automobile sales during July-December 2016 were recorded at 122,347 vehicles which are less than 126,740 units sold during the corresponding period of the last year. The sale of Toyota Corolla has decreased 6.9pc with 25,768 units while the combined sale of Honda civic and City has increased 56.2pc with 16,571 units. The Suzuki Cultus sale went down 10.7pc with 7,103 units while WagonR sold 7,565 units, 86.1pc more than the last year.
The sale of Suzuki Cultus went down 10.7pc with 7,103 units while WagonR sold 7,565 units, 86.1pc more than the last year. Also, the sales of 800cc to 1000cc cars Suzuki Mehran and Bolan decreased to 90,222 units in the six months period from 92,514 units last year.
Buses and trucks sold during July-December 2016 increased to 3,881 as compared to 2,645 units last year. The sale of farm tractors has seen a growth of 69pc and the sale of motorcycles and three-wheelers also increased from 651,338 units last year to 787,897 units.
Hashim Sohail of Topline Securities expects that car sales, including the import of 60,000 units, will clock up at 270,000 units in 2016-17, reports Dawn. The auto industry seems to have faced quite a set back due to lack of the Punjab government’s Rozgar scheme that boosted car sales in the previous year but with the oncoming new opportunities through the arrival of Renault and the possible entry of Fiat Chrysler; it will surely see an uplift in terms of sale and production.