KARACHI: Auto sales — cars, pickups, vans and light commercial vehicles — clocked in at 12,084 units in February, reflecting a 24 per cent year-on-year rise and a 29pc month-on-month fall.

The month-on-month decrease is primarily due to the high base effect as buyers delay purchases from December to January to secure new-year registrations, and the Sazgar Engineering Works Company released its sales data for the two months late.

Myesha Sohail of Topline Securities said the year-on-year rise in car sales is driven by lowered interest rates, im­­proved consumer confidence, and the introduction of newer variants and........

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