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These are the 2023 models that still sticker for less than $20,000, or well under half the average price of a new car. These are the 2023 models that still sticker for less than $20,000, or well ...
Demand for SUVs on the rise, meaning sedans are becoming less popular. If you still enjoy a traditional four-door shape, these are the cheapest sedans for 2024. Cheapest Sedans for 2024 & 2025
Buying a car can be a pricey affair and cause some sticker shock. As Consumer Reports noted, the average cost of new cars is now more than $48,000 -- up $6,000 from two years ago and $10,000 from...
It accounts for 7% of Pakistan's GDP and employed a workforce of over 6.8 million people as of 2024. Pakistan is the 15th largest producer of automobiles. Its contribution to the national exchequer is nearly US$5.4 billion. Pakistan's auto market is among the fastest growing in Asia. 384,000 cars were sold in 2023. In the 1990s and early 2000s ...
Hyundai used to assemble cars in Pakistan until 2004, when their local partner Dewan Farooque Motors went bankrupt. [6] Hyundai Nishat Motor signed an investment agreement with the Ministry of Industries and Production under the Automotive Development Policy 2016-21. [7] [8] Hyundai Nishat Motor launched Elantra sedan in March 2021. [9]
In 2016, Renault announced to start assembling cars in Pakistan by 2018 in collaboration with Ghandhara Nissan, [8] [9] and collaborated with new partner Al-Futtaim Group of United Arab Emirates (UAE) but shelved the project later on. [10] [11]
Despite being obsolete, the car still had a high demand. In September 2018 (the highest selling year for the model), Pak Suzuki accounted for having sold 47,199 units in the country. From June 1999 to 2018, just under 600,000 Mehrans were sold in Pakistan. The lowest number sold was in 2001, with 5,169 units sold.
New car sticker prices were sent soaring due to chip and supply shortages for critical materials needed to build vehicles. In fact, prices were up 6.3% in 2022, according to J.P. Morgan.