Driving ahead: Locally assembled auto sales increase
Honda Cars leads in terms of percentage increase in sales.
KARACHI:
Locally assembled car sales (including light commercial vehicles, commercial vehicles, vans and jeeps) in the first 11 months of the outgoing fiscal year touched 124,807 units, a year-on-year increase of 2.6% compared to 121,636 units in the same period last year.
On a monthly basis, auto sales were recorded at 11,809 units in May 2014, which was stable compared to previous month but down 7% from May 2013.
Amongst individual companies, Pak Suzuki Motor Company’s (PSMC) sales increased 1.8% year-on-year to 69,866 units in July-May 2013-14 compared to 68,660 units last year.
On a monthly basis, PSMC’s sales dropped 5% to 6,993 units in May 2014, compared to 7,359 units in April 2014. Year-on-year, sales remained fairly stable.
During 11 months, Indus Motor’s sales declined 3.1% to 32,498 units compared to 33,530 units in the same period of previous year. However, in May, the company posted a 2.2% increase in sales to 2,917 units from 2,854 units in April 2014.
On the other hand, sales declined by a massive 22.6% against 3,768 units in May 2013.
“We believe the decline in Indus Motor’s volumes is due to the expected launch of new Corolla model in July,” Topline Securities said in a report on Wednesday.
Honda Cars’ sales surged 11% to 21,002 units in July-May 2013-14. In May alone, its sales rose 16% month-on-month to 2,260 units.
Published in The Express Tribune, June 12th, 2014.
Locally assembled car sales (including light commercial vehicles, commercial vehicles, vans and jeeps) in the first 11 months of the outgoing fiscal year touched 124,807 units, a year-on-year increase of 2.6% compared to 121,636 units in the same period last year.
On a monthly basis, auto sales were recorded at 11,809 units in May 2014, which was stable compared to previous month but down 7% from May 2013.
Amongst individual companies, Pak Suzuki Motor Company’s (PSMC) sales increased 1.8% year-on-year to 69,866 units in July-May 2013-14 compared to 68,660 units last year.
On a monthly basis, PSMC’s sales dropped 5% to 6,993 units in May 2014, compared to 7,359 units in April 2014. Year-on-year, sales remained fairly stable.
During 11 months, Indus Motor’s sales declined 3.1% to 32,498 units compared to 33,530 units in the same period of previous year. However, in May, the company posted a 2.2% increase in sales to 2,917 units from 2,854 units in April 2014.
On the other hand, sales declined by a massive 22.6% against 3,768 units in May 2013.
“We believe the decline in Indus Motor’s volumes is due to the expected launch of new Corolla model in July,” Topline Securities said in a report on Wednesday.
Honda Cars’ sales surged 11% to 21,002 units in July-May 2013-14. In May alone, its sales rose 16% month-on-month to 2,260 units.
Published in The Express Tribune, June 12th, 2014.