Sales of local car assemblers fall 22% in 2013
KARACHI: Unfavorable economic conditions and mounting inflation coupled with unavailability of affordable cars restrained Pakistanis from buying new cars during the year 2013.
Overall situation of all business sectors in the country remained middling in the calendar year 2013 (CY13), thus the auto sector which was still dominated by three Japanese auto assemblers in CY13 failed to register any noteworthy performance in terms of sales and offering new variants. Honda Atlas Cars (HCAR), Indus Motor Company (IMC) and Pakistan Suzuki Motor Company (PSMC) jointly managed to sell 125,204 units of different models of their old models and some new variants in the Jeeps segment.Read More »Sales of local car assemblers fall 22% in 2013