Auto sales showed a brisk upward trend in 4MFY21 with 8.1 per cent rise in sales of cars, 93pc in jeeps, 39pc in LCVs, 19pc in two- and three-wheelers and 24pc in farm tractors. AFP/File
KARACHI: Auto sales showed a brisk upward trend in 4MFY21 with 8.1 per cent rise in sales of cars, 93pc in jeeps, 39pc in LCVs, 19pc in two- and three-wheelers and 24pc in farm tractors, data released by the Pakistan Automotive Manufacturers Association (Pama) showed on Wednesday.
Atlas Honda Ltd assembled and sold all-time high units of 116,024 and 116,000 respectively in October, breaking its own record of 115,972 assembled and 115,161 sold units in April 2018.
Car sales jump 40pc in November
Business
December 12, 2020
KARACHI: Car sales in November rose 40 percent from the same month a year earlier, industry data showed on Friday, as lower interest rates and pickup in the economic activity helped the automobile sector recover losses.
Sales in November jumped to 11,914 units, showed data from the Pakistan Automotive Manufacturers Association (PAMA). Car sales stood at 8,524 units during the corresponding period last year. However, the sales remained lower, compared with 11,997 units sold in October 2020.
November data showed jeeps, tractors, three-wheelers and motorcycles have also shown an increase in their sales.
Syed Fawad Basir, an analyst at Topline Securities, said the market expects the car demand to grow further, owing to low interest rates and pickup in the economic activity amid pandemic.
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