Sale of passenger cars hits rock bottom owing to countrywide lockdown

News Image

MG News | May 13, 2020 at 11:53 AM GMT+05:00

0:00

May 13, 2020 (MLN): The departing month marked a new history for all automobile assemblers as not a single passenger car was sold during April 2020, owing to the lockdown imposed by federal and provincial governments, which consequently resulted in several auto companies, along with others, to shut down plant operations.

According to the data released by Pakistan Automotive Manufacturers Association (PAMA), the sale of passenger cars was nil, causing the cumulative sale of 10MFY20 to be the same as that of 9MFY20.

However, there were some sales for trucks with Hino Motors selling 14 units of trucks and Isuzu selling 22 units. On the other hand, there were only 3 units of buses sold, all of which belonged to Isuzu.

Moreover, there were a few units of pickups that were sold during the month, with Hyundai Porter making the largest sale at 22 units, followed 11 units, and 6 units sold by D-Max and JAC respectively.

Contrary to the jeer-worthy performance of passenger cars at large and other vehicles in general, the sale of tractors seemed not affected by the lockdown at all as companies sold around 2,035 units during the month. While this does seem a whole lot better than the sale of the rest of the vehicles, the numbers sold were still 62% lower as compared to the same period of last year.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 158,443.42
686.33M
-2.85%
-4654.77
ALLSHR 96,486.01
1,361.32M
-2.81%
-2790.24
KSE30 48,740.26
296.81M
-2.88%
-1444.29
KMI30 230,110.46
188.70M
-3.45%
-8223.06
KMIALLSHR 63,648.04
732.81M
-3.26%
-2144.50
BKTi 44,558.02
124.99M
-2.40%
-1095.50
OGTi 30,903.39
28.23M
-4.36%
-1409.86
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 114,955.00 116,500.00
114,110.00
-2035.00
-1.74%
BRENT CRUDE 63.71 63.95
62.90
0.98
1.56%
RICHARDS BAY COAL MONTHLY 81.00 0.00
0.00
-0.60
-0.74%
ROTTERDAM COAL MONTHLY 89.30 89.30
89.15
-0.35
-0.39%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 59.93 60.17
59.00
1.03
1.75%
SUGAR #11 WORLD 15.55 16.21
15.53
-0.55
-3.42%

Chart of the Day


Latest News
October 13, 2025 at 04:05 PM GMT+05:00

PSX Closing Bell: Meltdown Mode


October 13, 2025 at 03:40 PM GMT+05:00

Justice (R) Junaid Ghaffar named CAT Chairman


October 13, 2025 at 03:35 PM GMT+05:00

Thatta Cement concludes Rs5.5bn sukuk transaction


October 13, 2025 at 03:34 PM GMT+05:00

PKR remains flat, closes at 281.16 against USD


October 13, 2025 at 02:37 PM GMT+05:00

Trump calls himself ‘Good' at solving wars



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg