Karachi, January 01, 2016 (PPI-OT): Autos
Strong sales, robust growth: One can officially now wave good bye to 2015 with the sector left awaiting the policy that would have given some direction to the automotive industry in Pakistan. Despite all these uncertainties, auto sales continued to grow during 2015. The figures, to be announced later, are expected to see higher sales in comparison to previous years.
However, there are some factors that will dent auto sales in six months (Jan-Jun 2016). Apna Rozgar Scheme is going to end in February 2016 while Honda Civic lovers are waiting for its new model which is expected to be launched sometime in mid-2016. Despite this, auto sales have had some strong backings. Strong macroeconomic indicators and 42-year low interest rates that boosted auto car financing will continue to remain the dominant factors helping the local auto sales.