According to Pakistan Automotive Manufacturers Association (PAMA), about 55,859 cars sold in the July-October period of FY2017.
In October alone, local assemblers sold 19,400 cars, showing a 34 per cent increase over the same month a year earlier.
Pak Suzuki’s sales were up 36 per cent to 46,941 units in the July-October period. Honda’s car sales grew 55 per cent to 17,110 units due to the success of new models: Civic/BRV and the recently revamped City.
Toyota recorded a 10 per cent rise in car sales during the four months. The brokerage said the industry’s sales grew 32 per cent to 83,809 units in July-October. A total of 21,757 tractors were sold during the period under review. Tractor sales are expected to increase due to lower general sales tax, a Rs2 billion subsidy on tractor buying by Sindh government, and fertiliser cash subsidy.
Sales of trucks and buses rose 23 per cent in the July-October period. The upward trend is expected to continue, fuelled by China-Pakistan Economic Corridor projects, higher road connectivity, low financing rate, and the change and enforcement of axle load limit per truck on highways by the National Highways Authority.