ISLAMABAD: Car sales in Pakistan have experienced a remarkable 112 percent year-on-year increase, this surge highlights a significant recovery in the automotive sector, with a notable rise in vehicle sales across the country.
The Pakistan Automotive Manufacturers Association (PAMA) has issued new statistics indicating a strong boost in car sales.
The report specifies that in the first four months of the current fiscal year, there has been a 50pc increase in vehicle sales, with 40,693 units sold compared to 27,162 units in the same period last year.
In October 2024 alone, sales soared to 13,108 vehicles, marking a remarkable 112pc increase compared to 6,180 vehicles sold in October 2023. Month-on-month, a 27pc rise in sales was observed compared to September 2024.
Additionally, PAMA reported the sale of 137,693 motorcycles and rickshaws in October 2024. Tractor sales also surged by 61%, with 1,733 units sold, showcasing a strong overall performance in the automotive sector.
Back in 2023, Pakistan witnessed a 4pc decrease on an annual basis in car sales in the first quarter of the year, whereas, an increase of 10pc was recorded on a monthly basis in September.
The statistics issued by the All Pakistan Auto Manufacturers Association stated that overall 20,983 cars were sold across Pakistan from July to September 2023 which is 40pc less than the count in the previous fiscal year.
In 2022, a total of 35,002 units were sold during the first quarter. 8,312 units were sold across the country in September 2023, recording a drop of 26pc as compared to September 2022.
In September 2022, 11,288 units were sold, whereas, a 10pc increase was recorded on a monthly basis in the sale in September 2023 as compared to August. 7,579 units were sold in August which was increased to 8,312 in September.
