The Pakistan Automotive Manufacturers Association (PAMA) has delivered vehicle marketing projections for November 2020. As per the information shared by Topline Securities, the auto area keeps on indicating progress, having recorded deals at 14,454 in November, adding up to a 48 percent Year-on-Year (YoY) increment.
The information further shows that the Pak Suzuki Motor Company (PSMC) had sold 6,803 vehicles in November 2020 and had a Month-on-Month (MoM) deals increment of 12 percent and a YoY deals increment of 16 percent.
Toyota Indus Motor Company (IMC) sold 4,942 vehicles in November, recording a YoY deals increment of 87 percent and a MoM deals lessening of 10%.
Honda Atlas Cars sold 2,237 vehicles in November, recording a MoM increment/lessening of 0 percent and a YoY deals increment of 72 percent.
Hyundai Nishat sold 472 vehicles altogether during the exact month, bringing about a MoM increment of 63 percent in deals.
Topline Securities additionally detailed through its sources in the business that Lucky Motors, which is the producer and wholesaler of KIA in Pakistan and isn’t an individual from PAMA, sold around 1,500 vehicles in November.
Must Read: A Closer Look At The KIA Carnival 2021
Here is the way the automakers subsidiary with Pakistan Automotive Manufacturers Association (PAMA) acted regarding traveler vehicle deals during November:
Traveler Vehicle Sales (As Reported By PAMA)
Traveler Cars Units Sold in November 2020
City and Civic 2,088
The costs of the vehicles being sold by the individuals from PAMA continues expanding in spite of the enthusiasm for the nearby money. The approach of the new automakers may have the option to change this pattern.