For the first time in Pakistan’s history, not a single car has been sold in the country in a month. According to the report of the Pakistan Automotive Manufacturers Association, no car could be manufactured or sold in the country during the month of April. An association official said no company had produced a single car in April and no cars had been sold in the entire month.
Due to the Coronavirus and lockdown, business activities all over the world have been severely curtailed and destroyed, leaving millions of people unemployed. The business sector has been badly affected, with production units and dealership offices also closing, causing heavy losses to car companies, according to figures released by automobile companies. It was further stated that in the last ten months, the sale and purchase of vehicles have decreased by 52%.
Honda Company is facing the biggest loss, with car sales falling by 64%. In addition, Indus Motors’ car sales fell 54 percent. Sales of Pak Suzuki cars have declined by 47%.
In addition, sales of tractors were very low. Consumers are also refraining from buying cars due to the increase in the price of cars by car companies and the increase in taxes by the government.
According to the automobile market, only 39 small and large purchases were made after March 24, but only those related to the sale and purchase of trucks or buses. On the other hand, in India, a country with a population of 1.38 billion, not a single vehicle was sold in the 30 days of April, but in the Coronavirus crisis, this is not surprising.
The report added that car sales also declined this year due to economic conditions. Consumers are also refraining from buying cars due to the increase in the price of cars by car companies and the increase in taxes by the government. The report added that car sales also declined this year due to economic conditions. Consumers are also refraining from buying cars due to the increase in the price of cars by car companies and the increase in taxes by the government.
