Automobile sales flourish in May
KARACHI: Sales of cars, sport utility vehicles, pickups and vans clocked in at 14,762 units in May, reflecting a rise of 35 per cent year-on-year and 39pc month-on-month.
This takes 11MFY25 sales to 126,226 units, showing a 39pc increase over 90,545 units in the same period last year, Myesha Sohail of Topline Securities said, quoting data released by the Pakistan Automotive Manufacturers Association (PAMA).
The MoM rise was mainly due to a lower base as April saw road closure in Sindh (due to strikes over canal issues), which delayed deliveries and thus lower sales, she said, adding that the YoY growth is supported by a more stable macroeconomic environment, lowering interest rates, easing inflation, and improving consumer........
© Dawn Business
