Car sales increased 46 per cent this year as the economy recovered and people had more car financing options, analysts said.

Sales increased to 109,637 units in the first 11 months of fiscal year 2010 as compared to 75,293 units in the same period last year, according to data released by Pakistan Automotive Manufacturers Association.

“In the car sales cycle, there is an uptrend and a downtrend, this is the uptrend period as car sales were down last year,” said JS Global Capital’s automobile analyst, Syed Atif Zafar.

People who resisted temptation by not buying a car over the last couple of years, finally ended up purchasing, added Zafar.

Sales increased on a monthly basis as well as units sold stood at 11,819 in May against 7,144 units sold in April.

http://tribune.com.pk/story/20131/car-sales-up-46-this-year/