Auto sector of Pakistan experienced a decline in sales in July 2019, with 12,482 units sold during the month. Sale of the auto sector fell 42%, according to car sales figures for the month of July.
Several local car manufacturers collectively sold 12,482 units compared to 21,344 sold during the corresponding period last year. According to economists, the sharp decline in car sales was driven by the depreciation of the rupee, among other factors, which raised the prices of cars in the country.
Honda civic and Honda city sale was down by 69% as 1,452 units were sold during July 2019 as against 4,609 units sold during the same period last year.
Suzuki Cultus saw a 27 per cent decline with 1,208 units sold out this year as against 1,661 units sold in July last year. Similarly, the sale of Suzuki swift plunged 65 per cent to 174 units, and Toyota corolla 57 per cent to 1,981 units.
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18 September, 2019