Pakistan July Auto Sales Up a Whopping 61%

[Tangent]

Good work by car companies in pakistan and congratulation for such a steep rise in sales compared to last year same month.
Normally, the monsoon season in India sees a drop in spending by families. Families postpone all big ticket purchase till the end of rains. Another month when there is Always a drop then the previous month is December, when people wait for the "new year model".
So, Are Pakistanis spending more this year...???
or last year the sale went down drastically due to floods and any this year being a normal monsoon , sales are as normal and being compared to the low base of 2010, the rise is phenomenon ??

 

[RiazHaq]

PSMC to post PAT of Rs413mn (EPS 5.02), up 351% YoY, 237% QoQ, reports Investorguide360.com

The company is expected to announce PAT of Rs413mn (EPS Rs5.02) in 1QCY12, up by a massive 351% YoY. The gigantic rise in the profitability is mainly due to 31%YoY increase in unit sales coupled with 9%YoY increase product prices. Moreover, the other income of the company is also estimated to have helped in boosting up the bottomline of the company as it registers a healthy growth of 49%YoY to Rs196mn in 1QCY12. In the light of historical payout trend, we do not expect any cash dividend from the company with the results.

Company’s bottomline is also expected to jump 237% on QoQ basis due to 23%QoQ primarily due to increase in company’s sales volumes. As the customers prefer to book vehicles with the new year registration, therefore, during the last quarter company’s unit sales remained dull. As such, the other income of the company is also expected to decline (income comes from the customers’ advances).

At current levels, the company scrip is trading at a PE of 5.5x and 6.1x based on CY12 and CY13 earnings estimates, respectively. We recommend ‘Buy’ on the scrip with our revised Jun-12 target price of Rs92/share.

Lucky Cement 3QE GM at 3-yr high, Pak Suzuki Motor

 

[Hutchroy]

Auto sales in Pakistan jumped 61% in July, 2011 to 17,563 units from 10,942 units in the same month of last year. Pak Suzuki Motor Company led the auto sales up with 116 percent rise to 11,997 units from 4,503 seen in the same period last year. This is in sharp contrast to a Reuters report of 16% decline in auto sales in July across the border in India.

Haq's Musings: Pakistani Middle Class Pushes Car Sales Up 61%

Daily Times - Leading News Resource of Pakistan

Auto sales drop 11 percent in April


KARACHI: The automobile sales including cars, light commercial vehicles, vans and jeeps have gone down by 11 percent in April to 14,798 units as compared with March’s sales that stood at 16,678 units.

Besides, the decline in locally-assembled automobile was reported due to reduced demand by the customers after the non-availability of compressed natural gas (CNG) fitted cars. However, on the other hand, the imported used cars poised tough time to the locally-made car sales in the retail markets, which translated its impact of 1,880 units sale drop in a single month. The decline in sales was expected and would bear on the overall sales number at least in the short-term.

Pak Suzuki Motor Company (PSMC) sales declined by 21 percent to 8,837 units as against 11,198 units last month. As compared to same month last year, the company has been able to sell an additional 18 percent units.

In 10 months of fiscal year 2011-12 (10M FY12), PSMC continues to post strong growth of 30 percent to 90,197 units versus 69,203 units seen in the same period last year primarily due to yellow cab scheme. Indus Motors Company sold 5,203 units in April that is 16 percent up from last month’s sales of 4,492 units and an improvement of 11 percent from 4,278 units in same period last year.

In 10M FY12, the company sold 44,061 units as compared to 41,940 units in same period last year, up by 5.0 percent. Coure sales due to discontinuation are down 30 percent and 7.0 percent increase has been in company’s flagship product Corolla.

With overall strong growth seen in volumetric sales and improved margins on account of the rupee gaining 1.2 percent against the Japanese yen, is expected to bode well for sector’s profitability but we flag that the sector operates in high regulatory risk environment.

On yearly basis, the car sales stood at 14,798 units, depicting an increase of 6.0 percent from 13,914 units sold in April last year.

Overall in 10M FY12, the automobile sales including cars, light commercial vehicles, vans and jeeps rose by 14 percent to 143,374 units in 10M FY12 as against 125,766 units sold in the corresponding period last year.

The growth increased owing to the Punjab government’s yellow cab scheme, improved agri-based economy and positive impact of 20 percent increase in workers’ remittances in the same months. staff report.

P. S. Herewith India's Automobile Production 2011-2012 :

Auto Industry Ends 2011-12 on a Positive Note

Production

The cumulative production data for April-March 2012 shows production growth of 13.83 percent over same period last year. In March 2012 as compared to March 2011, production grew at a single digit rate of 6.83 percent. In 2011-12, the industry produced 20,366,432 vehicles of which share of two wheelers, passenger vehicles, three wheelers and commercial vehicles were 76 percent, 15 percent, 4 percent and 4 percent respectively.

Enlightening!

 

[Rafi]

^^^^^
Well done son, very well researched.

 

[Donatello]

corolla GLI XLI and Suzuki alto rocking in pakistan i don't understand why

What other choice do people have?

I am in favor of reducing duty on vehicles in the 1000cc -1800 cc range, so that the local manufacturers will offer similar features on the locally built cars, compared to the ones in the foreign countries.