KARACHI (Kashmir English): Passenger car sales in Pakistan went up by 44.6% to 67,135 units during the first eight months of 2024-25 compared to the same period in the previous year.
The hike in rise is being attributed to improvement in buyer sentiment and businesses after the COVID-19 pandemic, 2025 new models, corporate buying, higher prices of used cars, and lower durability of older vehicles, among other factors.
Sales of all vehicles, including two-, three-, and four-wheelers increased during the ongoing fiscal year.
According to data released by the Pakistan Automotive Manufacturers Association (PAMA), however revealed that there was a decline in farm tractor sales.
Tractors failed to achieve any major momentum in the recent past due to significant crop losses and high prices of the tractors in the country.
Similarly, sales of jeeps and pickups increased by 69% to 22,503 units. Sales of trucks and buses surged by 96.7% to 2,470 units and by 45% to 435 units, respectively.
Additionally, the data also showed a massive increase in the sales of two- and three-wheelers (motorcycles and rickshaws) by 30% to 962,315 units.
However, sales of farm tractors fell by 30% to 21,692 units as farmers remain distraught over not receiving fair prices for their crops.
Lack of research and development in new seed varieties and unfavourable weather conditions have also led to the country’s overall crop yields decline.
Most growers are unwilling to cultivate crops due low rates for their agricultural produce.
Why car sales up?
The experts have cited various other reasons behind the rise in car sales, including the introduction of new models by almost all car brands, the new year and corporate sector buying, and a low interest rate of 12%.
On the other hand, prices of used cars are currently very high, while concerns about their durability persist. As a result, people prefer new vehicles over used ones.
