Today we are going to share with you surprising news about the cars in Pakistan. According to the resources, Pakistan has registered about 2 million cars in the last ten years. This growth has been rapid, especially in the last ten years. Despite price increases and other concerns, the demand for cars has risen dramatically in Pakistan over the years.
Pakistan Economic Survey Statistics:
According to the Pakistan Economic Survey Statistics, in the last decade, about 1,977,704 cars have registered in Pakistan. The figures of 926,645 cars have registered in the last five years. The facts suggest that the entire quantity of registered cars in Pakistan become 1,881,560 in 2011. The number has increased to 2,932,619 In 2016. In December 2020, the number of registered vehicles in Pakistan has reported to be 6,317,842 units. By 2021, this figure has increased to 3,859,264.
Concerns regarding future car sales:
The number of Registered Vehicles in Pakistan data has updated yearly, with an average of 2,623,461 units registered from December 1990 to December 2020 and 31 observations. The monetary year (2021-22) is in progress, and sales for this year continue. However, the sales of Cars are expected to drop as a result of the continued economic downturn and rising petrol prices.
According to numerous analysts and automotive experts, car sales are seemingly to drop by twenty-five percent within the next business enterprise year. Local currency volatility, raw material rate hikes, and higher transportation costs were recognized as important contributors to the drop in car sales.
What do you think about it, car sales will decrease in the coming years or not? And if so, what are the reasons behind it, express your views?
