Vehicle Sales Record a 48% Year-over-year Increase in November 2020
The projections for November 2020 has been delivered vehicle marketing by The Pakistan Automotive Manufacturers Association (PAMA), As indicated by the information shared by Topline Securities, the auto area keeps on demonstrating 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 reduction of 10%.
Honda Atlas Cars sold 2,237 vehicles in November, recording a MoM increment/reduction of 0 percent and a YoY deals increment of 72 percent.
Hyundai Nishat sold 472 vehicles altogether during the very month, bringing about a MoM increment of 63 percent in deals.
Topline Securities likewise announced 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, had a 63 percent expansion in its YoY deals.
Here is the manner by which the automakers subsidiary with PAMA acted as far as traveler vehicle deals during November:
The costs of the vehicles being sold by the individuals from PAMA continues expanding regardless of the enthusiasm for the nearby cash. The approach of the new automakers may have the option to change this pattern.