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Limited options for car buyers - Business

Auto industry fears massive drop in sales - Newspaper

The own money saga continues - Newspaper

On-Money , Late Deliveries, and Hefty Prices Plague Pakistan s Auto Industry

Although the production and sales of new vehicles have been on the rise as of late, evidently so has the menace of ‘On-Money’ and late deliveries. Along with that, the customers have to buy cars that are at least double in price compared to last time when the dollar rate was around Rs. 152. As per data shared by Pakistan Automotive Manufacturer’s Association (PAMA), up till the 9th month of the 2021 fiscal year, the automakers have collectively sold 106,439 units, whereas, during the same period last year, the number of units sold was 86,628. It bears mentioning here that PAMA’s data only accounts for the production and sales figures achieved by Pak Suzuki Motor Company (PSMC), Toyota Indus Motor Company (IMC), Honda Atlas Cars (HCAR), and Hyundai Nishat. The sales figures of new car makers like KIA Lucky Motors, Prince-DFSK, Master-Changan, MG, and Al-Haj Proton are still unknown.

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