The Pakistan Automotive Producers Affiliation (PAMA) has printed the info relating to the gross sales of automobiles for the month of December 2019 and in accordance with the info, it was one other interval of decline.
This follows the trajectory we’ve got seen for the entire of final yr and the present fiscal yr, the place within the first 5 months of the fiscal yr, the general gross sales have dropped by 44% as in comparison with the primary 5 months of the fiscal yr 2018-2019.
The slide in gross sales had been attributed principally to the devaluation of the rupee coupled with the prevailing financial circumstances, which had compelled the carmakers to extend their costs a number of instances.
Another excuse that had been given was the FBR’s drive to extend the tax base which had led to the non-filers operating away from shopping for vehicles.
As you may see from the desk beneath, there was a drastic fall in gross sales each on a month-to-month foundation and year-on-year foundation throughout the board:
Apparently, Honda was the worst performing out of the massive three with a 57.5% decline on a yearly foundation and 22.9% on a month-to-month foundation.
Toyota was barely much less unhealthy with an 11.7% decline on a month-to-month foundation. One of many causes for that is that the corporate supplied a number of particular presents and managed to promote a couple of extra items than anticipated.
Suzuki was the largest shock as a result of whereas the corporate noticed a decline in gross sales on a yearly foundation however on a month-to-month foundation, the corporate noticed a major improve in gross sales by 49.four% when in comparison with November 2019.
The rise in gross sales for Suzuki could be positioned on the Swift that noticed its gross sales improve by 50.5% in December when in comparison with November 2019 and the WagonR which noticed a staggering 88.three% improve in its gross sales.
The 660CC Alto posted one other sturdy month with a 24.7% improve in gross sales. Because of this there’s nonetheless some hope amidst all of the doom and gloom that we’ve got seen within the sector.
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