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Follow on Google News | New Market Research Report: Pakistan Autos Report Q1 2011New Transportation market report from Business Monitor International: "Pakistan Autos Report Q1 2011"
However, while the vehicle sales and production figures in 2009/10 may have appeared impressive in percentage y-o-y terms, they were less impressive when viewed against historical figures (and a very low 2008/09 base). Political turmoil in Pakistan, in tandem with the global economic downturn, delivered a double whammy to car sales and production in the country over FY08/09. Sales of new vehicles in Pakistan fell 34% y-o-y during that fiscal year. The 163,479 new vehicles sold in Pakistan in 2008/09 compared very unfavourably with the 247,160 in fiscal year 2007/08 - and, of course, the 2009/10 aggregate sales figure remained considerably below the 2007/08 base. Meanwhile, production of new vehicles in FY2008/09 was down 33% y-o-y, from the 247,036 units produced in FY2007/08. As with sales, the year 2007/08 remains a high watermark for vehicle production in Pakistan's car industry, as aggregate production in 2009/10 remained nearly 12% below the level of two years earlier. The start of FY10/11 saw new car sales fall by 31.6% month on month (m-o-m), to 9,796 units in July, as customers felt the impact of an increase in General Sales Tax (GST) and with heavy flooding causing displacement of people and severe disruption to business across the country. However, this poor monthly performance did not mark the start of a negative trend, with August sales up by 9% y-o-y (to 19,625 units), September sales up by 6% y-o-y (to 10,405) and October sales up by 17% y-o-y (at 11,911). All told, the first nine months of 2010 have seen a total of 117,052 passenger car units sold. Over the same period, passenger car production stands at 111,554 units. This upwards sales trend has come as a surprise to most industry analysts, who had expected a combination of a weak rupee and falling income and demand from flood-affected areas to have sent car sales lower. It may be, however, that with the Pakistan rupee and consumer demand both set to remain weak into 2011, customers are choosing to buy new cars now, for fear that they will continue to increase in price over the coming months. Certainly, local media have speculated that this is what car dealerships have been doing, buying cars in at current prices to hedge against future likely price rises. Against this backdrop of higher-than- For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: Executive Summary SWOT Analysis - Pakistan Auto Industry SWOT - Pakistan Political SWOT - Pakistan Economic SWOT Regional Overview - Good Growth Prospects Up For Grabs In ASEAN Markets Business Environment Ratings - Table: Business Environment Ratings - Auto Industry Asia Pacific Industry Forecast Scenario - Production And Sales - Pakistan Automotives - Production - Pakistan Automotives - Sales - Trade - Pakistan Automotives - Exports/Imports - Macroeconomic Forecast - Table: Pakistan - Economic Activity Competitive Landscape - Market Overview - Passenger Cars - Pakistan - Production And Sales By Brand (CBUs) - Segment Developments - Motorcycles - Pakistan Automotive Sector - Production And Sales Of Motorcycles, By Make (CBUs) - Commercial Vehicles - Pakistan - Commercial Vehicle Sales (CBUs) - Suppliers Company Monitor Company Profiles - Indus Motor - Honda Atlas - Pak Suzuki Motor BMI Methodology - How We Generate Our Industry Forecasts - Sources About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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