Automobile sales rose 28pc during first two months of FY 2017-18 says: PAMA

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Karachi: Pakistan Automotive Manufacturers Association (PAMA) on Tuesday outed data for the sales of automobiles during the first two months (July and August) for financial year 2017-18, as reported in a local newspaper.

Sales of automobile recorded a 28pc rise during first two months of new FY 2017-18, reaching 35,202 units against 27,317 sold in same period last year (SPLY).

During August, the sales of automobiles including LCV’s, jeeps and vans were recorded at 22,000 units, registering an increase of 25pc year-on-year (YoY).

According to a report from Topline Securities which said “These numbers are above our estimates. We attribute this increase to string of new models and facelift introduced recently propelling sales.”

Honda outsold its competitors by registering a 47pc increase in sales on a YoY basis, the highest ever sales increase recorded by the company, said Topline Security. It added this growth was fueled by the introduction of new Civic and SUV variant BR-V model.

Indus Motors reported a paltry increase of 2pc in sales on a YoY basis reaching 5,541 units. Indus Motors focus of ramping up production of higher margin Fortune model paid off, as sales of it surged up by 284pc YoY.

The sales of Toyota Corolla’s according to Topline Security, has increased in the wake of new models introduced by Indus Motors which saw sales increase by 5pc on a YoY basis.

Cars above 1300cc category recorded sales of 17,145 units, registering a 20.45pc from SPLY when it was 14,234 units.

Cars under 1000cc category recorded total sales of 7,807 units of Suzuki WagonR and Suzuki Cultus, registering a 72pc increase from SPLY.

800cc to 1000cc category card recorded a sales increase of 17.6pc to touch 10,050 units from 8,541 units in SPLY.

Sales of buses and trucks touched 1,653 units during July-August 2017, recording a 16.8pc rise from SPLY when it was reported at 1,415 units sold.

Tractors sale for farm usage escalated by 119pc to touch 9,757 units compared to 4,446 units in SPLY.

 

 

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