22,654 cars sold in Pakistan in February

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LAHORE (City News) – Car sales maintained double digit growth in February ‎2018 compared with February of last year.

Pakistan Automotive Manufacturers Association (PAMA) released auto data for the month of February 2018 with total car sales clocking-in at 22,654 units (including LCVs + 4x4s), depicting a growth of 15 percent YoY and down by 4 percent on month on month basis, respectively.

Once again car sales during the month kept its momentum as 4 percent on month on month basis decline is on account of less days in a month compared to Jan (if we assume normalized working days then car sales improved by 6.5% MoM), while posting tremendous growth on yearly basis.

In the 1300cc and above category, sales displayed a meagre drop of 3% MoM / 4% YoY to 8,413 amid 13% YoY decline in sales of Toyota Corolla, which came on the back of a change in company’s focus towards high end cars (Hilux). In the below 1,000cc category, Mehran sales registered an increase of 30% YoY and 1% MoM to 4,360 units. On monthly basis, Hilux, BR-V, Cultus and Mehran sales managed to remain positive and posted growth of 32%, 20%, 5% and 1% MoM, respectively.

Tractors sales increased by 10% MoM and 14% YoY to 6,454 units. During the month, AGTL sales witnessed growth of 40% YoY / 7% MoM to 2,910 units while MTL sales fell down by 1% YoY and up by 13% MoM to 3,509 units.

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