* Pakistan - Bus market declined in the last fiscal year
* Pakistan - Truck, bus sales drop
Karachi,Pakistan -Dawn.com -19 July 2013: -- Sales of buses, trucks and other heavy vehicles generally declined in the last fiscal year 2012-13, barring farm tractors and jeeps (4x4), according to the statistics of Pakistan Automotive Manufacturers Association (PAMA)... Truck sales, dubbed as barometer of local and foreign trade, declined to 1,948 units in FY13 as compared to 2,394 units in FY12 while bus sales dropped to 510 from 609 units... An official in a leading bus/truck assembling unit said that many factors combined to cause drop in sales of trucks, including imports of used trucks, competition among the assemblers, rising diesel prices and devaluation of the rupee against major currencies. Besides increase in price, the pre-election scenario also made investors cautious to invest in heavy vehicles, he said... He said new and used Chinese vehicles have also arrived, while many transporters preferred purchasing used locally produced trucks instead of new trucks. Developed logistic sectors are also shying away from buying Japanese trucks and many have shifted their focus to Chinese and other brands, he added...
Labels: bus markets
posted by Unknown @ 6:38 AM
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