Pakistan Autos Report Q2 2014

Pakistan Autos Report Q2 2014

Published: February 2014
Publisher: Business Monitor International (BMI)
Product ref: 195849
Pages: 68
Format: PDF
Delivery: Immediate download

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Production Although vehicle sales have shown signs of a recovery since the beginning of the fiscal year, growing some 82% year-on-year (y-o-y) in the first six months of FY2013/14, to 63,325 units, auto production is still struggling to gain traction, in line with our earlier forecasts.

However, the near-term uptick in commercial vehicle (CV) sales has seen a concurrent boost in production. CV production grew 74.1% y-o-y in December, to hit 1,429 units, bringing output for the first six months of FY2013/14 to 10,872 units. This is well-placed to meet our FY2013/14 CV production growth forecast of 7.1%, to 19,700 units and we are happy to maintain it for now.

Sales The positive momentum in Pakistani auto sales, a trend we initially highlighted in August 2013 (see 'Sales To Recover But Production Faces Challenges', August 29 2013), continued unabated towards the tail end of 2013. According to the Pakistan Automotive Manufacturers Association (PAMA), vehicle sales in December 2013 rose 16.2% y-o-y, to 9,967 units. This increase marks the sixth consecutive month of auto sales registering a positive y-o-y increase.

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