Pak Suzuki Motor Company’s (PSMC) overall sales have had a significant rebound in March 2023. As per Autojournal.pk, Suzuki Cultus may have been a big contributor to the increase in sales.
According to the report, the automaker sold 475 units of Cultus last month, witnessing a Month over Month (MoM) increase of 560% in monthly sales. In February, the company sold only 72 units of Cultus, making it one of the worst-selling cars of that month.
This increase in sales is despite the lofty new prices of the little hatchback. The Cultus now costs Rs. 3.7 million to Rs. 4.3 million, which is the same as used mid-range sedans.
Like the Cultus, other cars from Suzuki now seem overpriced as well. Despite that, the company sold more than 5,600 units, observing a massive Month on Month (MoM) jump of 476% in overall sales.
This shows that the demand for new cars is still strong despite the ongoing economic meltdown.
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Production shutdown first and then open sale become automobiles fraud tactics first they create impression of shortage, letting ppl blackmail from their investors and then letting investors to charge daily update price by company. All false ways, making fool to government and letting innocent ppl to get black mail. How sales become increase as I port matters still unclear dollar getting rise day after day. Fraud
Very true!
In ko pakistan main car assembly itni mehngi prne wali hy k ye log plant band krne pr majboor ho jain gy..bcz..in ka muqabla imandaar imported japanees cars se hy..jis pr zabardasti na jaiz tactics se duty taxes ziyada krwa kr apna mal bechne ka khawab pura krna hy..used car baggage scheme se sasti ati hain.. or un pr pakistan ka koi foreign exchange zaya nahi hota balke duty ka amount dollar ki shakal main gari bhejne wala ada krta hy or fbr ko achi bachat hoti hy or logon ko current year models bhi mil jate hain.. local assemblers ki mun mani khatam ho gi or ye karma hy..
Almost 90% sales are coming from bank financing with 21% interest rate. It doesn’t matter for the people buying through banks as they don’t need to pay the whole amount in one time. Another thing is that they are selling units from their year old stocks for maximum profit.
Fake sell, trying to misguid customers instead of decreasing prices they doubled it and still expect people to buy a low-mid rang car with price of new mid high car, sham on these companies,
I agree with u
Well automakers are compel they have to set rates according to the govt imposed taxes. It’s a total fault of current Govt their policies and taxes on import are not understandable. Somehow automakers like we have big 3 in Pakistan their time will over soon one day when true Patriots take over the charge.
Next month it will go down