Pick up your pace: Imports not the only issue denting local car sales
The Express Tribune Blogs - about 3 years
An argument often put forward for the low volume of car sales on imported ones is proving to be a wrong one.
While car imports have declined significantly in the last 12 months, sale of local ones has not picked up as expected.
By now, it has become apparent that there exists a problem with the local car industry with their declining sales not just depending on the ‘heavy’ import of used cars.
Import restrictions have dented sales of imported cars as they declined by a massive 62% in the last six months (Jul-Dec 2013). However, contrary to expectations, sales of locally-produced cars jumped by a meager 6.5% during the same period.
Sales of locally-produced cars reached 61,252 units in the first six months of fiscal year 2014 (FY14) compared to 57,540 in the same period of last year. On the other hand, car imports declined to 11,263 from 29,576 units in the same period.
Analysts believe the sales of locally-produced cars will in
The Express Tribune Blogs article