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Registration date : 2014-10-22
|Subject: Auto sales soar by 17pc to 102,491 units in 8 months of FY 2014-15 from 87,951 units Thu 12 Mar 2015, 6:00 am|| |
KARACHI: Auto sales soared by 17 percent to 102,491 units in July to February Fiscal Year 2014-15 versus 87,951 units in same period last year on yearly basis in Pakistan.
The downward trajectory in yen (-14 percent FY15 till date) and increasing volumetric sales are main factors for boost in profitability.
On fading seasonal effect, auto production and sales figures for February 2015 showed a meager 2 percent Month on Month (MoM) decline, as per Pakistan Automotive Manufacturing Association (PAMA). The sales of Suzuki swift observed a decline of 31 percent YoY to 2,288 units from 3,321 units while Suzuki Cultusís off take reduced by 11 percent YoY to 8,909 units from 10,057 units.
During the eight months, total sales of cars, light Commercial Vehicles (LCV) and pickup stepped up by 17 percent to 102,491 units as compared to 87,951 units in same period last year. A segment wise analysis revealed car segment depicted a growth of 16 percent YoY to 88,538 units when compared with 76,072 units sold during same period last year. LCV and pickup sales posed a growth rate of 18 percent YoY to 13,953 units in contrast to 11,879 units sold in same period last year.