Tag: car sales

The automobile sector delivered outstanding financial results in 2QFY25, with profitability surging by an impressive 84% year-on-year (YoY) to PKR 15 billion.

Karachi, January 14, 2025 – Pakistan has recorded a remarkable 54% increase in car sales during the first half (July – December) of the fiscal year 2024-25.

Karachi, December 10, 2024 – Pakistan’s car sales surged by an impressive 50% year-on-year (YoY) in the first five months (July-November) of fiscal year 2024-25, according to data released by the Pakistan Automotive Manufacturing Association (PAMA) on Tuesday. Total sales reached 50,516 units during this period, up from 33,638 units in the same period last fiscal year.

Karachi, October 10, 2024 – Pakistan’s automobile industry recorded a significant rise in car sales during September 2024, with total sales reaching 10,297 units. This marks a 24% year-on-year (YoY) increase and an 18% month-on-month (MoM) rise, according to the latest data from the Pakistan Auto Manufacturers Association (PAMA). The surge in car sales is attributed to a backlog of Suzuki car deliveries, which were processed this month, analysts at Topline Securities Limited reported.

Karachi, September 11, 2024 – Pakistan automotive industry has shown promising signs of recovery with a 15% year-on-year (YoY) increase in car sales during August 2024.

Karachi, August 12, 2024 – Pakistan’s automobile industry has faced a severe downturn, with car sales plummeting by 35% month-on-month (MoM) in July 2024. The figures dropped sharply from 13,284 units in June 2024 to just 8,589 units in July.