Locally manufactured cars sale up by 5.75 percent

Karachi: The locally manufactured cars sale increased by 5.75 percent to 28,225 units in July-August as compared to 26,690 units sold in the corresponding period of 2006.

According to the statistics, released by Pakistan Automobile Manufacturers Association (PAMA), the production of cars in the country increased by 2.4 percent to 27,700 units in two months of 2008 financial year from 27,100 units in the same period last year.

The company-wise sales volume indicates that the sales of Honda Atlas cars increased by 2.39 percent to 3,165 units in this period against 3,091 units sold during the same period last year.

The sale of Pak Suzuki Motors surged by 2.14 percent to 14,911 units against 14,598 units, Indus Motor by 12.40 percent to 9,456 units against 8,413 units, while the sale volume of Dewan Motor increased by 17.86 percent to 693 units against 588 units.

The 1300cc and above car segment is still leading overall car sales, with the market share of 38.8 percent during July-August, Abdul Azeem at Invest Capital & Securities Limited said.

In addition, 1000cc to 1299cc and 1300cc and above segment held 29.8 percent and 30.4 percent market share respectively, he added. According to the company-wise market share, Honda Atlas cars' market share stood at 11.21 percent in July-August period against 11.58 percent during the same period last year, Pak Suzuki Motors's share was 52.83 percent against 54.69 percent, Indus Motor: 33.50 percent against 31.52 percent, while the market share of Dewan Motor increased to 2.46