Car Sales Rise As Consumers Beat Price Hikes

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Pakistan's new car sales of 10,372 units were up by 28% month-on-month (m-o-m) in October and were 8% higher than October 2008. Although this may appear to be a welcome sign of recovery after a 50% decline in car sales in FY09 (ending June 2009), the Pakistan Automotive Manufacturers Association (PAMA) has partly attributed the growth to a rush by consumers to buy before prices were increased at the end of October.