Automobile Sales Surge in November

Business12/11/2024
Automobile Sales Surge in November
Image Credits: Geo TV

The automobile sector in Pakistan has witnessed a significant surge in sales, with passenger car sales increasing by a staggering 62% year-on-year in November. According to recent reports, passenger car sales in November 2023 reached 4,875 units, marking a notable milestone in the industry. Furthermore, the total passenger car sales in the first five months of FY2025 have reached 38,534 units, representing a 50% increase compared to the previous year. This growth is not limited to passenger cars alone, as sales of jeeps, vans, and pickups have also seen a significant increase of 55% year-on-year from November 2023. These numbers indicate a promising trend for the automobile sector in Pakistan, with experts attributing the growth to various factors such as government policies, economic stability, and consumer confidence.


Similar Perspectives

Facts that align with the main story

Passenger car sales increased by 62% year-on-year in November.

Passenger car sales in November 2023 were 4,875 units.

In the first five months of FY2025, total passenger car sales amounted to 38,534 units, representing a 50% increase compared to the previous year.

Different Perspectives

Alternative viewpoints by topic

Business>


Inflation Rates See Slight Increase: Key Observations

Inflation Rates See Slight Increase: Key Observations

published 1 day ago

PSX Bounces Back with 3,238.17 Point Gain

PSX Bounces Back with 3,238.17 Point Gain

published 1 day ago

Profit-taking impacts PSX amid political uncertainties

Profit-taking impacts PSX amid political uncertainties

published 1 day ago

Stock Market Surpasses 116,000 Mark Amid Rate Cut Anticipation

Stock Market Surpasses 116,000 Mark Amid Rate Cut Anticipation

published 7 days ago

Bitcoin Surges to Record $106,000 Amid Trump's Crypto Reserve Plans

Bitcoin Surges to Record $106,000 Amid Trump's Crypto Reserve Plans

published 7 days ago

PSX's Record-Breaking Performance and Economic Indicators

PSX's Record-Breaking Performance and Economic Indicators

published 8 days ago

Fact Comparison

FactTribuneGeo TVDawn
Passenger Car Sales38,534 units (49.7% increase)More than 35,00038534
Passenger car sales increased by 62% year-on-year in November.
Passenger car sales in November 2023 were 4,875 units.
In the first five months of FY2025, total passenger car sales amounted to 38,534 units, representing a 50% increase compared to the previous year.
Sales of jeeps, vans, and pickups increased by 55% year-on-year from November 2023.

News Sources

Geo TV
Geo TV
Geo TV
Dawn
Dawn
Dawn
Tribune
Tribune
Tribune

Reader Comments