Karachi (Staff Report): Sales of locally produced vehicles fell in November 2018 due to hike in prices and restriction on non-filers of tax returns.
Sales of 800 to 1,000cc cars declined 25% year-on-year and 37% month-on-month in November, according to monthly data released by the Pakistan Automotive Manufacturers Association (PAMA).
Overall, automobile sales dipped 17% year-on-year to 17,442 units in November 2018 whereas sales dropped 30% to 17,442 units on a month-on-month basis against 24,850 units in October.
Pak Suzuki’s sales declined 37% to 8,511 units in November on a month-on-month basis from 13,346 units last month.
Honda’s sales nosedived 23% to 3,452 in November against 4,456 units in the same period of last year. On monthly basis, Honda sales witnessed a steep fall of 31% to 3,452 units from 5,005 units in October.
Indus Motor recorded a yearly decline of 7% in sales, which reached 5,479 units in November. On a month-on-month basis, its sales fell 15% to 5,479 units from 6,409 units in October.
Toyota Corolla sales grew 9% year-on-year while sales of Hilux and Fortuner decreased 46% and 15%, respectively.