Car sales in the country jumped by 23pc on a month-on-month basis to 12,100 units in
The MoM rise was largely led by a 49pc increase in
The increase in PSMC sales was largely driven by the announcement of an increase in its car prices (effective from
The decline reported by the other manufacturers was largely in line with the historical year-end phenomenon, where consumers generally delay their purchases until the new year.
On a year-on-year basis, weak demand dynamics was again evident from a 38pc fall in sales in
This was primarily attributable to 1) higher car prices mainly due to PKR devaluation and 2) higher interest rates.
PSMC sales were down 26pc YoY in
Sale of motorcycles by
Tractor sales recorded a growth of 75pc YoY with Millat Tractor (MTL) sales rising by 175pc.
On a MoM basis, overall tractor sales were down 37pc.
© Pakistan Press International, source