Auto sales stay high this year despite monthly drop

Despite a month-on-month sales drop in November, car sales during 5MFY24 clocked in at 38,534 units, rising 50 per cent from 25,746 units a year ago. Sales of jeeps, vans and pickups, after facing a slight fall in November to 2,191 units from 2,551 in October, swelled by 55pc to 12,259 units in July-November from 7,891 units last year. According to data released by the Pakistan Automotive Manufacturers Association (PAMA), car sales plunged 25.08 per cent to 7,909 units from 10,557 in October, while November 2023 sales were 4,875. Total sales of jeeps, LCVs and vans in November stood at 2,191 compared to 2,551 in October and 1,600 units in November 2023.