The affordability of cars for ordinary consumers in Pakistan has reached a critical point, with reports indicating a staggering decline in vehicle sales by nearly 40% in the current fiscal year.
Industry experts attribute this sharp decline in sales to various economic factors, including the depreciation of the Pakistani rupee against the dollar, surging inflation rates, and the imposition of high taxes. These challenges have exacerbated the affordability crisis confronting potential car buyers across the country.
As the purchasing power of the general population continues to decline, the prospect of owning a car has become increasingly elusive for many. Reports suggest a growing preference for imported vehicles over locally manufactured ones, further contributing to the downturn in sales of domestic vehicles.
