Shortage of Containers Could Cause Car Prices Hike

19 Mar 2021

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Shortage of Containers Could Cause Car Prices Hike

The auto industry of Pakistan complete depends upon the mechanical goods and parts of vehicles to assemble the cars. Currently, the industry is facing the shortage of containers due to increase overseas trade and shipping costs will cause the hike in car prices in future.

As we experienced an major hike in the price of Changan vehicles recently and the automaker also confirmed it officially and claimed that the auto company is facing this situation due to increase in shipping costs. The automakers like Prince DFSK, Proton, MG, and a few others have also increased the prices due to this issue.

The former Chairman of Pakistan International Freight Forwarders Association, Malik Moin confirmed the increase in prices of the vehicles in a media conversation.

He stated:
“International freight charges have surged by up to 500-700% over the past couple of months. Freight charges for cargo in a 20-feet container arriving from China to Pakistan has increased to $2,000-3,000 compared to around $700 in June 2020 and before”

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