Skip to main content

Car sales continue to ride smooth


Car sales continue to ride smooth
Published: April 12, 2012
Civic production stood at 1,140 units while City’s still stood at a standstill.
Corolla, the country’s highest selling car, sales dropped to 3,774 units after being above the 4,000 mark for two consecutive months. Civic production stood at 1,140 units while City’s still stood at a standstill. Low-demand Liana’s production plant also came to life for the first time in 2012 and produced one car, data shows.
KARACHI:  Car sales continued to ride on the smooth lane as sales increased 7% in March with the lower segment leading the way and Honda making its way back in the market after three months.

Sales stood at 14,469 in March against 13,579 units sold in the same period of the preceding year, according to data released by Pakistan Automotive Manufacturers Association.

The country’s largest car assembler Pak Suzuki witnessed growth of 16% on a yearly basis amid demand for all models swelling.

Suzuki Mehran and Suzuki Bolan posted growth of 34% and 48% respectively, primarily because of timely deliveries to Punjab on account of its yellow cab scheme, said Summit Capital analyst Sarfraz Abbasi. The provincial government aimed to deliver 7,500 cabs to successful applicants in the first half of the financial year.

Meanwhile, Swift sales almost doubled to 5,201 units as the car becomes a serious competitor to take over the throne of the top hatchback car held by imported Toyota Vitz, according to analysts.

With its existence days numbered, Alto made the most of it and posted its highest sales level of the financial year with 1,964 units. The company announced earlier that Alto’s production will grind to a halt before end of the current financial year.
Low-demand Liana’s production plant also came to life for the first time in 2012 and produced one car, data shows.

March also marked the month Honda’s production in Pakistan resumed after a gap of three months as parts started to flow in from Thailand. Civic production stood at 1,140 units while City’s still stood at a standstill.

Honda has been facing problems in its supply chain since October because of floods in Thailand from where parts are imported and then locally assembled.
Corolla’s market share was brought back to normal levels, as Civic making inroads again broke its monopoly in the high-end segment. Corolla, the country’s highest selling car, sales dropped to 3,774 units after being above the 4,000 mark for two consecutive months.

As far as the market Share, Pak Suzuki leads the market with 63% market share followed by Indus Motor and Honda Atlas Cars with 30% and 6%, respectively.

Published in The Express Tribune, April 12th, 2012.
Source:  http://tribune.com.pk/story/363333/car-sales-continue-to-ride-smooth/ 

Comments

Post a Comment

Popular posts from this blog

Dark days for fertiliser industry continue

Dark days for fertiliser industry continue Published: December 28, 2011 Sales of urea, the most widely used fertiliser, declined by 5% in the period from January to November 2011 due to persistent gas outages faced by manufacturers which has led to a drop in production levels. The four plants which are on the Sui Northern Gas Pipelines Limited network remained the main victims of the chaotic situation due to gas shortage. The dark days are expected to continue as the government in a new gas load management plan has agreed to cut-off gas supply to the four plants on the SNGPL-based pipeline. The four plants include Engro Corporation’s Enven, Pak-Arab Fertilizer, Agritech Fertilizer and Dawood Hercules Fertilizer. Similarly, another fertilizer, di-ammonia phosphate (DAP) witnessed a decline in sales by 18% to 1.01 million tons on a yearly basis against 1.24 million tons in the same period last year, according to data released by National Fertiliser Development Centre on Tuesday....
Post a Comment
Read more

Corporate results: Pak Suzuki posts lower than expected results

                           Corporate results: Pak Suzuki posts lower than expected results By  Farhan Zaheer Published: October 31, 2013 Pak Suzuki sold 59,292 cars in 9MCY13 compared to 69,589 in the same period of last year, down by a significant 15% YoY. PHOTO: FILE KARACHI:  Pak Suzuki Motor Company – the biggest automobile manufacturer by market share in Pakistan – has posted a handsome earning of Rs371 million in the July-September quarter, against a loss of Rs193 million in the corresponding period last year. The company recorded per share earnings of Rs4.51 in the third quarter of 2013 against a loss per share of Rs2.35 last year. In comparison to the third quarter of previous year, the company’s gross profit increased significantly to Rs890 million against a negative growth of Rs49 million. However analysts had projected better results, blaming the ...
Post a Comment
Read more

Car sales surge by 20.5 per cent

Car sales surge by 20.5 per cent Aamir Shafaat Khan   | Business |  From the Newspaper (13 hours ago) Today Nauman Khan of Top Line Securities said December 2011 sales declined as buyers preferred to defer orders due to year end phenomenon. - File photo KARACHI : Car sales in the first half of current fiscal year went up by 20.5 per cent amid negative developments including the government’s decision to impose a ban on CNG kits and cylinders, suspension in production of Honda Civic and City and increase in prices of all vehicles. According to figures shared by the Pakistan Automotive Manufacturers (PAMA), consumers purchased 12,240 more cars in July-December 2011 to 71,886 units as compared to 59,646 units in the same period of 2010. Increase in production of Suzuki Mehran and Suzuki Bolan for onward supply to Punjab government’s Yellow Cab Scheme was the main reason that averted the negative impact of ban on ...
Post a Comment
Read more