Cut The Cars Price Or Face Change In Import Of Used Cars.

T he news report dated March 30th,2010 which is given in the DAILY NEWS reports

that the Prime Minister of Pakistan has expressed displeasure about the ever-rising prices of locally manufactured cars. He has asked his minister to "talk to the car manufactured otherwise he will consider imports of used cars

The news sounds like a routine talks in a household, talking to the manufacturer and then a threat?

According to AutosPak ,in the absence of sound economic and taxation policies and the vested interests; manufacturers of automobiles will continue to cause hardships to the consumers. It sounds as if Papa has been reported misdeeds of a teenager son and he tells the Mom," tell him to correct himself or else in a month's time I will send him to the hostel."

The minister will certainly talk to the manufacturer," Yar! Many statements are for political reasons, you understand well the PM and PPP government. We are with you but then we have to cater for the ever-rising cost of energy (Fuel, gas and electricity) which is increasing every 15 days. Please understand and cut the prices by few thousands. Look Mr. Suzuki, you should have at least called me before 100000 to 150000 increase in the price of your otherwise excellent."

AutosPak which is the largest website for free advertisement of new and used cars in Pakistan have deeper insight into used cars market. They commented, in a Nation which hardly has any business activity, manufacturing, electricity or jobs; the roads are cluttered with traffic. In big cities it is a night mare to drive out on the traffic jammed roads. Public transport is either not available or is extremely overcrowded and mismanaged.

Buying a used family car which can run fairly well and is 5 years old, costs a fortune for middle class, not less than 8 Million.

What is the reason? For people to buy highly priced cars. AutosPak replied, Five years back people invested blindly invested in real-estate. With no investment avenues and ever decreasing price of PKR, investment in commodity like gold and cars is on the rise.

According to AutosPak it is the market(demand and supply), Government policies(to protect local car manufacturers, bank finance which is pushing the prices up.

by: David Parker II

POST COMMENT

Motorhome News: The National Motorhome Show 2010 Top Ten Reasons To Vacation On St. Pete Beach, Florida Cabriolet Cars How Local Search Engine Optimization can save Small Businesses Affordable web hosting – cheap and reliable Philippines; One Of The Best Vacation Destinations Be Careful While Selecting a Company for Shipping Cars and Other Items Mercedes Atego 815 Used cars for sale – Know their worth Useful Tips for Rajasthan Car Rental The History Of Honda Motorcycles Women and Motorcycles - Not Just A Passenger Anymore How To Get Your Motorcycle License