Automakers are definitely aiming to raise car costs rapidly as the US dollar’s value has reached a record high and remains in an unstable position. But considering that future hikes in prices might decrease demand, they also offer a variety of promotions in order to get new customers.
To all new orders made as of September 2023, the Pak Suzuki Motor Company, or PSMC, announced a price set offer. Aside for the Suzuki Alto VX and Cultus VXR, two of its most popular cars, the offer is also available on all other models.
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A registration-free offer is additionally being provided by the company for the new Suzuki Cultus and WagonR, along with Rs. 150,000 transfer offer for the new Suzuki Swift.
Price Hikes Incoming?
The beginning of a current price hike wave is further implicit by these benefits that make sense for those looking for new cars. In August, the dollar value increased gradually. When exactly this continued rise will stop, though, is still not clear.
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The Pakistani car sector continues to rely greatly on imports, making it difficult for automakers to keep costs sustainable with the current state of the economy. As every possibility shows a rise in costs very soon, it is just an issue of “when,” not “if,” that car manufacturers will do so.