Auto sales fall 11% in November

Pakistan's automotive market experienced a sharp monthly slowdown in November, with total car sales plummeting 11% to 15,442 units from October's 17,333, according to the Pakistan Automotive Manufacturers Association (PAMA). Despite the monthly dip, year-on-year figures paint a brighter picture, up 592% from November 2024's 10,163 units, buoyed by lower interest rates and moderating inflation that are gradually thawing consumer demand. According to data compiled by Topline Securities, the strong annual growth was supported by easing inflation, lower interest rates, and the arrival of new entrants that strengthened overall market competitiveness. While the MoM decline in auto volumes was primarily driven by customers delaying vehicle deliveries to next year to benefit from new-year registration, AHL viewed. Moreover, an 11% contraction in PSMC's sales also added to the overall decline, driven by lower volumes in models that have been phased out, including Ravi, Bolan, Every, and Wagon R.