LAHORE  -  The auto industry has reported its worst first-quarter sales since 2013, marking a decline of 4 percent. According to the data, car sales stood at 19,345 units in the previous month compared to 18,798 units in September 2017.

Pakistan’s auto sales have shown a growing pattern in the recent past, however, in the last couple of months they have displayed a declining tendency. It has also been for the first time that auto sales declined in the first two months of a fiscal year – July and August – since 2015.

During September 2018, Honda recorded a significant increase in sales volume which increased 32 percent year-on-year. On a sequential basis, unit sales increased by 14 percent month-on-month while first quarter sales were up by 7 percent.

Indus Motor’s sales remained flat on a year-on-year basis. However, it recorded a 2 percent decrease in units sold on a month-on-month basis. Its quarterly sales stood at 15,419 units, up by 2 percent.

During September, sales were led by Corolla, up by 8 percent.

Pak Suzuki continued to report decline in volumes, with September sales down by 5 percent. However, sales were up 14 percent on a month-on-month basis.