KARACHI: Pakistani clients nonetheless think about gasoline effectivity and resale worth as much more essential elements than security options – together with the airbag – that are lacking in majority of the regionally assembled automobiles.
This and different findings have been revealed within the third version of the auto business survey revealed by PakWheels.com.
Because of the giant pattern measurement with eleven,000 plus respondents, the survey really displays the alternatives and preferences of Pakistanis from all age brackets, business sectors and revenue ranges.
The survey notes round 60 per cent of Pakistanis are shopping for used automobiles whereas 40pc are buying new automobiles.
Round 22pc of individuals purchase new automobiles by way of auto financing or mortgage whereas the share of used automobiles is simply 5 per cent – even though auto financing has seen speedy progress over final two years.
The survey revealed that 75pc of drivers on Pakistani roads break the regulation by not complying with the Provincial Motor Automobiles Ordinance, 1965, which mandatorily requires each automotive in Pakistan to be insured.
Solely 25pc of Pakistanis have their automobiles insured – primarily as a result of they have been bought by way of financial institution financing and insurance coverage is obligatory for such automobiles.
Whereas the violation of insurance coverage particular regulation might be attributed to lack of understanding about this ordinance, the truth that vital variety of drivers can also be driving with no license factors to a deeper difficulty at societal degree.
Survey revealed that alarming 24pc out of the survey respondents drive automobiles with no licence in Pakistan with 41pc of them being even under the age of 21 years.
Revealed in Daybreak, August twenty first, 2016
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