Car Sales in Pakistan Dive 75% in May 2020
It is reported that the auto sector sold only 3800 cars during the month of May 2020 as compared to their sale of 15482 units in the same month last year. The car sales was ped to 54% to 89,130 units during the first 11 months and during the last year same month, the car sale was 192,863 units. It is also reported by PAMA that Toyota, Honda and Suzuki did not sell any car during the month of April 2020.
It is also reported that Honda sold 263 Civic and City cars during May 2020 as compared to their sale of 2564 units in the same month of the last year. Toyota has the sale volume of 294 Corolla and 167 Yaris vehicles in May 2020 as compared to the 4069 Corolla cars in May last year. Suzuki has sold the total units of 78 Swift, 922 Cultus, 386 WagonR and 386 Bolan cars during May 2020 in comparison to their sales of 425 Swift, 2546 Cultus, 2765 WagonR and 1279 Bolan cars in the same month of the previous year.
The sale of 1300 cc and above cars was ped by 89% to 802 units in May 2020, when you compare it with the 4058 units being sold in the same month of the previous year. Toyota Corolla was dived to 93% and Honda City and Civic was ped to 90% as compared to the same period of the previous year.
Trucks and Buses:
It is reported that the Isuzu sold total 56 trucks in May 2020 and Hino sold 3 vehicles during the last month. It is also reported that no buses were sold last month like April 2020 and there was the overall of 47% of the trucks and buses during the current fiscal year as the sales of the 3380 units was remained ped from 6351 units during the same period of the last year.
Jeeps, Pick-Ups and Tractors:
The report shows that the 77 jeeps, 650 pickups and 1849 farm tractors were sold during the last month and the sales of the jeeps was ped by 33% from 7009 of the previous year to 3217 during May this year.
Bikes & Three Wheelers
It is stated in the report that 38167 two and three wheelers were sold during May 2020, which is low as compared to 154,782 units being sold in the same month of the previous year and the sales of bikes and rickshaws was ped of 27% as the previous year same month has the total sale of the two and three wheelers was 1.22 million units.
Reason Behind Slow Down Sales of Vehicles:
The federal government has imposed the excessive government taxes and FED, the auto mobile sector has experienced this massive slow down. After the Coronavirus pandemic was also out broken in the country, for which the government has to impose the lockdown, which has affected the auto industry and almost all of the segments of the society. The manufacturing and assembling plants were closed down and the dealership of the companies also shut down their businesses. All these factors led to total closure and stoppage of the activities of the sale and purchase of cars, bikes and other automobile vehicles.
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