Pakistani car sales rise to 167,507 units
KARACHI: Sales of locally produced cars swelled to 167,507 units in July-May 2015-2016 as compared to 136,723 units in the same period of last fiscal year.
Low interest rate, improving law and order situation and overall improvement in country’s economic situation can be attributed to rising sales of cars, said Mohammad Tahir Saeed at Top Line Securities.
Toyota Corolla, with longest delivery time, continued to be the highest selling car with the sale of 53,410 units as compared to 46,680 units last year.
Combined sale of Honda Civic and City remained weak, far lower than Corolla, and stood at 23,800 as compared to 21,134 units, revealed figures released by Pakistan Automotive Manufacturers Association (Pama).Read More »Pakistani car sales rise to 167,507 units