Cars sales down 19 per cent in November

KARACHI - The sales growth of four-wheeler declined by 19 per cent during November 2009. Similarly, auto sales, including cars and LCVs, posted 27 per cent negative growth during the month under review. All Pakistan Car Manufacturer Association (APCMA) reported on Thursday that auto and cars sale increased by 15 per cent and 47 per cent respectively on a year-on-year basis. According to APCMA, all auto manufacturers witnessed a decline in their sales in the month of November; with Honda Car showing the most significant decline as its sales went down by 31 per cent MoM. Meanwhile, auto sectors analyst at JS Research attributed this fall primarily to the consumers delaying their purchasing decisions till next year for the New Years registration purpose. This typical trend of declining sales in the last two months of the year is reflected from historical numbers as well, he said. As evident, car sales growth has outpaced LCVs during the period. Moreover, Pak Suzukis growth registered a 16 per cent YoY growth along with 10 per cent by Indus Motor. Honda Car registered the highest growth because of a low base, as last year Honda was in the process of phasing out the previous model of Honda City to bring in a new one. Analyst predicted that the sales would register another MoM decline in December 2009 because the New Year factor, adding that sales would pick up from January 2010 onwards.

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