However, on the year-on-year (YoY) basis, sales were up 60pc


Karachi: Car sales in Pakistan plunged by 36 per cent to 8,589 units on a month-on-month (MoM) basis in July this year, the Pakistan Automotive Manufacturers Association (PAMA) data reveals. However, on the year-on-year (YoY) basis, sales were up 60pc in July.
The decrease in car sales in July can be primarily attributed to the increase in withholding tax rates introduced in the FY25 budget.
According to PAMA, Toyota Corolla, Yaris, and Corolla Cross sales soared to 1,106 units in July 2024 from 1,067 units in July 2023. Toyota Fortuner and Revo sales surged to 558 from 301 units in the above period. However, Indus Motor Company’s total sales were 44 per cent lower month-on-month in July.
Honda Civic and City sales jumped to 790 from 208 in July 2023, while Honda BRV and HRV sales plunged to 141 in July 2024 from 286 in July 2023. Honda Atlas’s total July sales were down by 15pc MoM.
Suzuki Swift sales grew to 502 units in July 2024 from 249 in July 2023 while Suzuki Cultus and Wagon R sales slowed to 96 and 139 units from 177 and 245 units in July 2023. Suzuki Alto, Bolan and Ravi sales increased to 2,869, 288 and 576 from 1,440, 146 and 187 units in July 2023.

The 2027 Chevy Bolt will be one of the cheapest EVs you can get
- 5 hours ago

Apple TV Plus is being rebranded to… Apple TV
- 5 hours ago

Prices of petroleum products plunge in Pakistan
- an hour ago

The Gaza peace deal’s greatest strength is also its greatest weakness
- 3 hours ago

Sony’s noise-canceling WH-1000XM5 headphones are a Prime Day steal at $150 off
- 5 hours ago

What Gaza has been like since the ceasefire
- 3 hours ago

Journalists vacate Pentagon offices after new sanctions policy rejected
- an hour ago

This $299 Rubik’s Cube swaps colored squares for LCD screens
- 5 hours ago

EcoFlow’s Delta Pro Ultra X can power a home for weeks
- 5 hours ago

New California law requires AI to tell you it’s AI
- 5 hours ago

OpenAI partners with Broadcom to produce its own AI chips
- 5 hours ago

15 people killed, 8 injured after truck overturns in Malakand
- an hour ago