Car sales surge by 51% in H1FY2025

Passenger car sales rose by 51.3% to 46,398 units during the first six months of the current fiscal year (H1FY2025) compared to the same period last year, driven by skyrocketing remittances, falling interest rates, and the arrival of a new year, which boosted the confidence of local buyers. The car sales figures also reported a slight month-on-month decrease. However, the cumulative total during the period indicates positive signs for the struggling automotive industry of the country. According to the Pakistan Automotive Manufacturers Association (PAMA), sales of trucks and buses rose by 89.1% to 1,494 units and by 76.7% to 304 units, respectively. Sales of jeeps and pickups increased by 61.2% to 14,174 units. Meanwhile, sales of two- and three-wheelers (motorbikes and rickshaws) surged by 28.5% to 696,455 units.