Car sales rise 25pc YoY in October

ISLAMABAD: Car sales in Pakistan rose 25 per cent to 11,997 units in October 2020, as against the sale of 9,566 units in October 2019, according to data released by the Pakistan Automotive Manufacturing Association (PAMA) on Wednesday.

Cumulatively, the sale of cars increased 8pc YoY to 43,865 units during the first four months (July-Oct) of the current fiscal year (2020-21), as against 40,583 units in same period of last year.

As per the data, the sale of Honda cars (Civic and City) increased sharply by 80pc, from 1,032 units in October 2019 to 1,858 units. The sale of Toyota Corolla, however, registered a decrease of 33pc, from 1,982 units to 1,314 units in Oct 2020.

During the month under review, the sale of Suzuki Swift increased 19pc to 180 units (151 units in Oct 2019), while that of Suzuki Wagon-R surged 70pc to 1,198 units (530 units in Oct last year).

On the other hand, the sale of Suzuki Alto plummeted to 2,893 units in Oct 2020 from 4,048 units last year, showing a decline of 48.5pc. The sale of Suzuki Cultus also declined by 30pc to 816 units in Oct 2020 from 1,179 units in Oct last year.

The newly launched Toyota Yaris witnessed a sale of 3,058 units in Oct 2020 as compared to the sale of 2,421 units in September 2020, showing an increase of 26.3pc on a monthly basis.

Meanwhile, the sale of motorcycles and three-wheelers jumped from 156,872 units in Oct 2019 to 175,294 units in Oct 2020, showing a rise of 11.7pc.

- Advertisement -
- Advertisement -

Must Read

Profit Roundup: The rupee stabilises. For good?

Ali Aftab Saeed talks to Profit Editor Khurram Husain about the recent appreciation in the value of the rupee, the saga of disgraced fintech...