Higher CKD kits import suggests auto sales rising
 February 26, 2015
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KARACHI: Auto sales outlook remains bright as import of completely knocked down (CKD) kits of locally-produced heavy vehicles, cars and bikes rose by 37, 51 and 23 per cent, respectively, in the first seven months of this fiscal year from the same period last year.

According to the figures of Pakistan Bureau of Statistics (PBS), import of CKD kits for buses, trucks and heavy vehicles increased to $91.4 million in July-Jan 2014-15 from $66.5m in the same period last year.

Import of CKDs of locally-produced cars and bikes swelled to $280m and $51.5m from $185m and $42m, respectively.

However, higher imports of used cars seemed to have not caused any serious blow to the locally-produced cars whose sales went up to 74,497 units in July-Jan 2014-15 as compared to 64,835 units in corresponding period of last year.

Total import of cars, in which the share of used cars is over 90pc, rose by 32.5pc to $148.5m in the period under review compared to $112m in the same period last year……………………

Read Full Story at: http://www.dawn.com/news/1165917/higher-ckd-kits-import-suggests-auto-sales-rising

Published in Dawn February 26th , 2015

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