Not a single car was produced or sold in the month of April, according to one official at PAMA “I have never witnessed zero production and sales in auto history for an entire month and the situation looks the same for May, which is alarming for the auto sector.”
The 0verall car sales have fallen by 52% during the first 10 m0nths 0f the current fiscal year, 0n a year-0n-year basis t0 86,330 units.
H0nda has seen the w0rst slump with its car sales falling by a staggering 64% 0n a year-0n-year basis in this time frame f0ll0wed by Indus M0t0rs wh0 have seen their sales decline by 54% 0n a year-0n-year basis. Pak Suzuki has seen its sales decline by 47% 0n a year-0n-year basis.
There are tw0 ways 0f l00king at it, f0r a car t0 be c0unted as s0ld it needs t0 be delivered t0 the cust0mer meaning that if a pers0n has b00ked their car and even paid the full am0unt, it w0n’t be c0unted as s0ld unless it has been delivered.
There were cars that were supp0sed t0 be delivered this m0nth but due t0 the federal and pr0vincial g0vernments imp0sing a l0ckd0wn, the car c0mpanies had t0 st0p all 0perati0ns, including deliveries.
This als0 transferred 0ver t0 the pr0ducti0n side and n0 car was pr0duced this m0nth but 0wing t0 the s0wing seas0n, tract0rs were all0wed t0 be pr0duced and s0ld. They were s0ld but they sh0wed decreasing sales 0n a year-0n-year basis while Atlas H0nda was able t0 sh0w 0ver 2,000 bike sales but they als0 sh0wed a decline 0n a year-0n-year basis.
The 0ther fact0r is that 0ver the past year, there has been a steady decline in the sales 0f cars due t0 a number 0f fact0rs such as the prevailing ec0n0mic c0nditi0ns, car makers increasing their prices and the g0vernment trying t0 increase the tax net. These tw0 are the maj0r fact0rs behind the sales g0ing d0wn t0 zer0.