Tag Archives: high prices

KARACHI: In contrast to the last general elections held in 2018, politicians have yet not geared up buying sports utility vehicles (SUVs) and pickups, mainly double cabins, for use in public gatherings and rallies reflecting not only a lack of enthusiasm but more importantly very high prices. The overall sales of various locally made vehicles have already been on a …

KARACHI: Auto sector, barring the bus segment, recorded a steep decline in sales ranging from 28.4-56.5 per cent during the first half of 2022-23. With a 40pc drop, total car sales stood at 68,900 units in July-December compared to 114,774 units in the same period last year. Buyers’ reluctance stemmed from rising prices coupled with high-interest rates making leasing more …

KARACHI: For the first time in 15 years, auto parts vendors have finally spoken out against local vehicle assemblers over low localisation and high prices. They pointed out various SROs especially 655(I)/2006 which have only benefited local assemblers instead of auto vendors and consumers. On the one hand, vendors are blaming assemblers for low localisation and high vehicle prices whereas …