The automotive industry has hit the brakes, with bank loans for car purchases dropping by a notable 10.7% in October 2024 compared to the same period last year. This decline reflects broader economic shifts and evolving consumer preferences, with far-reaching implications for lenders, automakers, and prospective car buyers.
Here’s a closer look at the factors behind this trend and what it might mean for the automotive and financial sectors.
In an unexpected yet increasingly common move in the global automotive industry, Toyota Indus Motors Company (IMC) has announced a temporary suspension of production at its manufacturing facilities. This decision comes amidst significant supply chain disruptions that have been affecting the automotive sector worldwide.
The 9th edition of the Thal Desert Rally 2024 concluded with roaring engines and spectacular performances over the weekend. Despite facing heavy fog, which forced the organizers to shorten the track, the event was a massive success. Top drivers from all over the country competed in various categories, including Prepared, Stock, Women, Bike, and Veteran, showcasing their skills and determination on the challenging terrain of the Thal Desert.
In an exciting move aimed at boosting sales and making premium SUVs more accessible, Hyundai Pakistan has announced a staggering discount of up to Rs. 800,000 on its popular models, the Hyundai Tucson and the recently launched Hyundai Santa Fe. This limited-time offer comes as a pleasant surprise for car enthusiasts and potential buyers, especially as the automotive industry faces economic challenges and fluctuating currency rates.
The government of Pakistan is gearing up for a potential increase in petroleum prices starting from November 16, 2024. The decision is expected as part of the fortnightly review of fuel prices, influenced by fluctuating global oil rates and adjustments to the exchange rate. This development is likely to have a significant impact on the economy, particularly affecting transportation costs and inflation rates across the country.
In a significant development for SUV enthusiasts and KIA fans, the KIA Sportage Hybrid has been spotted undergoing road tests, sparking speculation about its potential launch in the coming year. With increasing demand for hybrid vehicles in Pakistan, the arrival of the Sportage Hybrid could mark a new era for KIA’s SUV lineup, catering to customers seeking performance, efficiency, and sustainability.
Introduction: The SEMA Show in Las Vegas is one of the automotive industry’s most anticipated events, showcasing cutting-edge designs, technology, and modifications. This year, Nissan took the spotlight with an impressive reveal of five new concept cars that highlight the brand’s vision for the future. These vehicles not only emphasize Nissan’s commitment to innovation and sustainability but also cater to fans of performance, customization, and electric power.
The SEMA Show 2024 was an exciting platform for automotive enthusiasts, as Kia Motors made a bold statement with its new EV9 and PV5 Adventure Concepts. These concepts blend the innovation of Kia’s electric vehicle (EV) technology with rugged, adventure-ready modifications, showing the future of eco-friendly travel combined with powerful off-road capabilities. Here’s a deep dive into what makes these concepts stand out and why they are garnering attention from both EV advocates and adventure seekers.
The journey of Japanese used car exports to Pakistan is a fascinating tale that reflects both economic ties and cultural exchanges between the two nations. Japan’s automobile industry, with its reputation for quality and reliability, has long held appeal in Pakistan. For many Pakistanis, Japanese used cars provide a blend of affordability, efficiency, and long-lasting performance—qualities that make them an ideal choice for a country where value and functionality are paramount. This blog delves into the historical journey of Japanese used cars to Pakistan, their rise in popularity, and the impact they’ve had on the local auto market.
In a surprising turn of events, Honda has reported a significant profit drop due to weakened sales in China, one of its largest markets. The automaker, known for its reliable and popular vehicles, has been hit by several challenges in the Chinese market, which has impacted its bottom line. Let’s take a closer look at what’s behind Honda’s financial dip and the factors affecting its performance in China.
