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Wednesday, October 09, 2024  
05 Rabi Al-Akhar 1446  

Cars’ sale takes major hit of 55% during first half of FY2023-24

Sales of car models decline across the board
Pakistan cars’ sale drops by 55% during Jul-Dec - AFP/File
Pakistan cars’ sale drops by 55% during Jul-Dec - AFP/File

The sale of cars during the first six months of the financial year 2023-24 has dropped by 55.5% compared with the same period of last year, data by the Pakistan Automobile Manufacturing Association (PAMA) showed on Monday.

As many as 30,662 cars were sold during the months under review as opposed to 68,912 units in the same months of last year.

The data showed that 3,938 units of Honda Civic and City were sold during July-December 2023-24 compared with the sale of 8,906 units during the same period of last year.

The sales of Toyota Corolla and Yaris cars also went down by 56.24% to hit 5,279 units from 12,065 units in the previous year.

Similarly, Suzuki Swift’s sales also decreased by 68.75% as its sales went down to 2,230 units from 7,136 units last year.

Sales of Suzuki Cultus declined to 1,908 units during the first six months of the current fiscal year, while during the same months last year, the sale was recorded at 5,143 units.

Read: Automobile sale plummets amid soaring inflation

Likewise, the sales of Suzuki WagonR also decreased to 1,829 units from 3,769 units last year.

Suzuki Alto’s sales also witnessed a sharp decline of 50.69% from 27,614 units to 13,614 units during the current year, whereas the sales of Suzuki Bolan decreased to 1,179 units as against the sales of 2,436 units in the same period of last year.

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