Car sales jump 44pc to 14,543 units in Jan
Business
February 12, 2021
KARACHI: Sales of passenger cars jumped 44.06 percent to 14,543 units in January compared to 10,095 units sold in the same period last year owing to an increase in leasing in a low interest rate environment, latest numbers showed on Thursday.
Sales of jeeps, tractors, pickups, three-wheelers, and motorcycles also increased in the period under review, according to data issued by Pakistan Automotive Makers Association (PAMA).
One analyst said that sale of cars were set to increase in coming days as low markup rates would attract the buyers willing to purchase cars on lease.