BMI View: The favourable monetary policy will boost total vehicle sales as vehicle finance remains
affordable to the large growing consumer base. The new ADP, which took effect in July, will provide a
boost to domestic production as the government attempts to attract ..."
BMI View: The ADP, which was finalized in March, will provide a significant boost to local
production, which will grow by 18.6% in 2016. Total vehicle sales will remain strong and grow by 18.2%
driven by favourable monetary conditions, improving access to vehicle fina ..."
BMI View: The momentum in the Pakistan autos market will remain strong as low inflationary pressures
keep interest rates at multi-year lows. Total vehicle sales are forecast to grow 18.2% as favourable
monetary conditions provide lower credit costs for consumers looki ..."
With Pakistan registering strong vehicle sales growth in FY2014/15, we expect demand momentum to
extend into FY2015/16, and forecast sales growth of 17.1%. The positive outlook is underpinned by
favourable monetary conditions, which will help to lower credit costs for ..."
We have raised our 2015 forecast for auto sales in Pakistan to 16.7%, up from 4.8% previously. The
significantly stronger outlook is underpinned by easing monetary conditions, which will help to lower credit
costs for potential car buyers, while the government's taxi ..."
In line with our view that Pakistan's FY2014/15 (July-June) budget will be positive for auto demand,
vehicle sales (sum total of passenger car, light commercial vehicles, heavy trucks and bus sales) surged
24.4% year-on-year (y-o-y) in December 2014 (latest available ..."
We believe that policies drawn up in the new federal budget will support the domestic auto industry, by
creating conditions for stronger sales. The new budget, coupled with our upbeat forecast for private
consumption and gross fixed-capital formation in the country, bodes well ..."
BMI View: The recent FY2014/15 (July-June) budget has seen the Pakistan government abolishing the
10% Federal Excise Duty (FED) on locally assembled vehicles above 1,800cc while still retaining the 10%
FED on imported vehicles. We believe this policy development will ..."
According to the Pakistan Automotive Manufacturers Association (PAMA), auto sales tumbled 29.3% yearon-
year (y-o-y) in March 2014 to 9,614 units. The sharp fall in March sales, however, can be attributed to
the 'New Year Model' phenomenon whereby consumer demand ease ..."
Although vehicle sales have shown signs of a recovery since the beginning of the fiscal year, growing some
82% year-on-year (y-o-y) in the first six months of FY2013/14, to 63,325 units, auto production is still
struggling to gain traction, in line wi ..."