“Industry analysts have painted a positive outlook for the auto industry in the upcoming years, predicting around 17% rise in demand for cars in 2021 and 24% in 2022,” stated an OLX report on vehicle category. Association of Pakistan Motorcycle Assemblers (APMA) Chairman Sabir Shaikh said auto sector was showing extraordinary recovery and production of bikes was surpassing its previous records. According to the report, online trading of automobiles shot up during Covid-19. Buyers of cars and dealers utilised online platforms for trading new and used vehicles including cars, motorbikes, rickshaws and tractors. From cars, rickshaws and buses to tractors and boats, the category also offers auto spare parts as well as car accessories.

Source: The Express Tribune October 04, 2020 06:22 UTC