Auto sales grow by 129% YoY in Jul-15 As per yesterday’s publication by PAMA for auto sales for Jul-15, there is a significant improvement in all major categories of Cars and LCV’s on YoY basis.
For >1,300cc Category, unit sales increased by a massive 160%, thanks mainly to the jump in Corolla sales in Jul-15, compared to phasing out of the previous 10th Gen model in Jul-14. This growth was eclipsed by Light Commercial Vehicle (LCV) sales, up by a massive 194%, due to growth in Bolan and Ravi sales under the government backed Apna Rozgar Scheme.
Overall, Total Car and LCV sales rose by 129% during the month. On MoM basis, nearly all categories underwent declines, with >1300cc sales falling by 15% due to decrease in Corolla (INDU), Civic and City (HCAR) sales, while decrease in sales of 15% and 8% were observed in LCV and 1000cc segments. Mehran sales, comprising the entirety of <1000cc segment, pushed up the category’s sales 13% MoM. Resultantly, sales for Cars and LCV’s overall fell 11% MoM.
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