Due to the cut in interest rate 40 percent increase was witnessed in car sales during May 2025 while 35 percent was registered on yearly (YoY) basis, reported 24NewsHD TV channel on Monday
According to the details, as the State Bank of Pakistan (SBP) gradually reduced interest rate from 22 percent to 11 percent in a year which put a positive impact on auto sector of the country.
Bank financing on cars also played a vital role, as in May 2025 14,786 cars were sold. In May 2025, 10,596 units of cars were sold.
It is necessary to mention here that in May 2024, 10,949 units of vehicles were old. During first eleven months of current fiscal year,1,26,250 units of vehicles with an increase of 39 percent.
As many as 90,542 units of vehicles were sold during first eleven months of previous fiscal year. In May 2025, 39 percent increase was registered in the sale of cars of 1000CC.
In May 2025 107 percent increase was witnessed in sale of more than 1000CC vehicles.
In May 2025, 31 percent increase was registered in 1300CC cars with more powerful engines.
Reporter: Ashraf Khan