Automobile Sales Saw a Drop in April
In accordance with Pakistan Automotive Manufacturers Association (PAMA)’s statement which says that 3 automotive makers, collectively, sold a gross of 17,443 pieces during April. Pak Suzuki made a sale of 9,171 while Indus Motor Company coped up with a sale of 4,753 and finally Honda Cars managed to sell 3,519 units. Regardless of the uprising demand, the automobile sector witnessed a slump in sales during April by 12% in comparison to the month of March. One of the main factors behind the shallow percentage of sales is finite production aptitude of cars (this also includes replacements of new models) influenced the sales percentage disapprovingly in April.
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Analysts say that old cars are starting to phase out whereas new cars are being cordially received by users while the demand for automobiles which are dying down has started to phase out.
The local automotive participants have been observing manufacturing restraints going face to face with the uprising demand in the local markets.
The loopholes in the supply and demand are colossal in the local market because of the finite manufacture capacity of the three main contestants.
Furthermore, users have to wait for a period of months to get hands on their cars until or unless they are willing to pay extra own money for obtaining them on time.
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