Car sales decline 43pc in eight months

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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.

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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