ISLAMABAD – The auto industry in the country posted dismal sales forNovember 2019 as compared to the same period last year confirmed the datapublished by Pakistan Automobile Manufacturers Association (PAMA).
The data indicated that car sales for locally made cars fell by 44% in thefirst 5 months of the current fiscal year as compared to the first fivemonths of the previous fiscal year.
These numbers have forced multiple companies to observe Non-Production Days(NPDs) as the stock keeps piling up with sales in decline. Recently, MillatTractors announced that they would cease production for the rest ofDecember and would restart in January 2020.
Honda Atlas has seen the biggest decline with a jaw-dropping 86% fall insales for November 2019 as compared to November 2018. This has forced thecompany to observe NDPs for the rest of December with only 8 days worked sofar.
The company had observed 16-18 NPDs in October, only 11 working days inSeptember, 13 in August and 20 in July. This will bring the total NPDs to108 (out of 184 days) between July and December 2019.*Month* *Number of Non-Production Days*July 20August 13September 11October 18November 23December 23
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The company has been forced to observe NPDs because inventory has startedpiling up with the company selling only 477 units of both City and Civicduring the whole month of November.
December is also shaping up to be a bleak month especially with Hondaunwilling to reduce prices or offer any incentives to boost the decliningsales.
