Sale of cars dips, tractors surges during last month

KARACHI – The cars sale fell by about 19 percent during the month of October as compared to the last year of the same month.

A total number of 15,988 units were sold during October 2016 while as many as 19,729 vehicles had been sold during October 2015.

On the other hand, a whopping 93% increase was observed in the purchase of tractors in which 93 percent increase was recorded in Millat Tractors while 120 percent increase was observed in Al-Ghazi Tractors.

According to Analysts, the decreasing trend in the purchase of vehicle was observed due to the cab scheme being called off in Punjab Budget while at the same time, the increasing trend in tractor sales was due to Kissan Package.