Car sales decline 43pc in eight months

ISLAMABAD: The sale of cars during the first eight months (July-Feb) of the current fiscal year (FY20) decreased to 79,537 units, as compared to the sale of 140,462 units in the same period of FY19, showing a decline of 43pc.

On a year-on-year basis, the sale of cars plunged by 39.4pc in Feb 2020, as the sale in February last year was recorded at 17,071 units.

However, on a month-on-month basis, car sales increased from 10,095 units in January 2020 to 10,345 units in February 2020, showing a hike of 2.47pc.

In the first eight months the current fiscal, Honda cars (Civic and City) witnessed a decrease of 63pc in their sales, from 28,760 units in 8MFY20 to 10,665 during the period under review.

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Similarly, the sale of Toyota Corolla also decreased from 38,248 last year to 18,902 units in July-February FY20, showing a decline of 50.58pc.

Meanwhile, the newly launched Suzuki Alto, which received an overwhelming response at the beginning, registered a monthly decline of 9.7pc, from 1,794 units in January 2020 to 1,620 units in February 2020.

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