Import of used cars surges to 28,000 units

KARACHI: Local automakers are struggling to attract buyers with price cuts, registration discounts and auto financing, while the imported used car market has shown strong performance.

All Pakistan Motor Dealers Association (APMDA) Chairman H.M. Shahzad claimed that 28,000 used cars were imported during the July-May period of FY24, compared to 14,000-15,000 units in the entire FY23.

“Total imports will reach up to 35,000 units by the end of the current fiscal year,” he said, claiming...