Pakistan's economic upheaval echoes in the soaring vehicle prices, extending beyond the Fortuner. Economic instability and inflation severely impact the automobile sector. Escalating prices have led to a significant downturn in vehicle sales, with monthly transactions dwindling to a few thousand cars.
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Plunge in Sales Statistics
According to the Pakistan Automotive Manufacturers Association (PAMA), car sales nosedived to a mere 4,875 units in November 2023. This figure starkly contrasts with November 2022, recording a drastic 68 percent decline when 15,432 cars were sold, spotlighting the crisis gripping the industry.