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Auto sales

Car sales drop 42 per cent to 12,482 units in July 2019

KARACHI: Pakistan’s auto sector saw a drop in its sales in July 2019 as 12,482 units were sold during the month. According to car sales figures for the month of July, sale of the auto sector dropped 42 percent. Various local automobile manufacturers collectively sold 12,482 units as against 21,344 sold during the corresponding period of last year. According to economists, the sharp decline in car sales was driven by the depreciation of the rupee among other factors, which jacked up prices of four-wheelers in the…