Car Price Comparison: June 2019 vs July 2022

When compared to prices from 3 years ago, June 2019 to be exact, renders a saddening situation of the economy as well as the import-dependent auto sector which is still in its infancy despite more than three decades of presence. Customers also blame that in the absence of any check & balance by the government, the impact of slightest of forex fluctuation is transferred by more than 100% on to the customers when assemblers claim to have achieved up to 70% localization.

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Shortlisted WP29 Regulations Yet to be Implemented

Government in the latest Auto Industry Development and Export Policy (AIDEP 2021-26) decided that vehicles shall not be allowed to go on sale after June 30, 2022 whether locally manufactured or imported, which are not compliant of shortlisted WP29 regulations. However, we are already heading towards the end of July and there is no sign of implementation of the said WP29 standards.

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