AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
PSX
Currencies
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

JS Global analyst expects automobile sales to decline in May 2021

New competition is going to hurt current players

admin-augaf by admin-augaf
June 8, 2021
in Business
Reading Time: 1 min read
0
Government Is Targeting Production of Half a Million Cars: Fawad Chaudhry

Government Is Targeting Production of Half a Million Cars: Fawad Chaudhry

Share on FacebookShare on TwitterWhatsapp

Automobile sales are expected to decline by 8 percent MoM in May 2021, compared to average MoM decline of 3 percent in May over April in the preceding 5 years (2014-2019; excluding 2020 due to Pandemic anomaly), as per research report of JS Global. They believe that larger-than-average expected decline in volumes is due to (1) extended Eid holidays, and (2) impact of new entrants.

The MoM decline is expected to be lower for Pak Suzuki (PSMC, -3 percent) with car sales of 8,307 units compared to 8,606 units during April, given relatively lower competition in its market segments,. Whereas, Indus Motors and Honda Atlas Car could experience a more drastic reduction in volumes. Indus Motors car sales are expected to remain at 4,676 units, down 13 percent MoM, and Honda Atlas Cars volumes are estimated at 2,001 units during the month of May 2021.

Auto volumes for the big-3 Automobile companies Indus Motors, Pak Suzuki Motors and Honda are expected to grow 235 percent YoY in May 2021 to 14,984 units, taking cumulative volumes for 11MFY21 to 161,613 units, reflecting an increase of 58 percent YoY.

JS Global believe that auto sector is continuing to witness (1) new competition, (2) higher shipping & freight, (3) commodity prices, and (4) production issues (chip shortage). This is in addition to any potential negative surprises that might arise in the upcoming budget. Such as increasing maximum age of used CBU imports from 3 to 5 years is being discussed in media.

Source: JS Global

Related Posts

CPI Pakistan : June 2021 Inflation eases to 9.7 percent

Coca-Cola Give Largest Corporate Order For Procurement Of Freezers To Waves Singer Pakistan: PSX

Finance Division Terms World Bank Economic Projections Unrealistic

Pakistan take on Bangladesh in crucial bout for semi-final spot – Winner Take All


Tags: AutomobileBudgetCarsHonda Atlas CarIndus MotorsPak Suzuki MotorsPakistanSales
admin-augaf

admin-augaf

Related Posts

Delay in IMF, Debt Repayments Amid Political Uncertainty Led to Rupee Depreciation – SBP
Business

Pakistan Central Bank To Announce Monetary Policy On Dec 12

December 8, 2023
Pakistan Remittances Declined to $ 2.4 Billion in September
Business

Pakistan Worker Remittances Drop 8.6% In November

December 8, 2023
Pakistan export
Business

Export Advisory Council Charts Course for Pakistan’s $100 Billion Export Vision

December 8, 2023

Recent News

Delay in IMF, Debt Repayments Amid Political Uncertainty Led to Rupee Depreciation – SBP

Pakistan Central Bank To Announce Monetary Policy On Dec 12

December 8, 2023
Pakistan Remittances Declined to $ 2.4 Billion in September

Pakistan Worker Remittances Drop 8.6% In November

December 8, 2023
Pakistan export

Export Advisory Council Charts Course for Pakistan’s $100 Billion Export Vision

December 8, 2023
India’s Wheat Stocks Hit 7-year Low As Govt Sells More to Calm Prices

India’s Wheat Stocks Hit 7-year Low As Govt Sells More to Calm Prices

December 8, 2023
inflation

Pakistan Household Inflation Reaches 42.68% This Week

December 8, 2023

Popular News

  • NSS

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall for the Straight Second Day Against Dollar on Opening of LCs

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • Pakistan Central Bank To Announce Monetary Policy On Dec 12
  • Pakistan Worker Remittances Drop 8.6% In November
  • Export Advisory Council Charts Course for Pakistan’s $100 Billion Export Vision

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

Delay in IMF, Debt Repayments Amid Political Uncertainty Led to Rupee Depreciation – SBP

Pakistan Central Bank To Announce Monetary Policy On Dec 12

December 8, 2023
Pakistan Remittances Declined to $ 2.4 Billion in September

Pakistan Worker Remittances Drop 8.6% In November

December 8, 2023
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.