In stark contrast to last year’s price surge, the local automotive market is witnessing a downward trend in car prices. This shift is attributed to a combination of factors including dwindling sales, escalating inflation, and previously high prices.
In a surprising move, Kia Lucky Motors announced a significant price reduction of Rs. 1,500,000 for its Stonic Ex+ model. Following suit, Peugeot Pakistan, a branch of Lucky Motors Corporation (LMC), has also announced a Peugeot 2008 price drop.
This is the second time in two months that Peugeot Pakistan has reduced the price of its sole offering in the country, the Peugeot 2008. The company had previously announced a price cut of Rs. 100,000 in March.
Peugeot 2008 New Price Details in Pakistan
The Active variant of the Peugeot 2008 has seen a price reduction of Rs. 350,000, bringing its new price down to Rs. 6,600,000 from the previous Rs. 6,950,000. The installment price for this variant is now Rs. 7,050,000, down from Rs. 7,550,000.
The Allure variant has also seen a Peugeot 2008 price drop of Rs. 450,000. Its new price stands at Rs. 7,250,000, a decrease from the previous Rs. 7,700,000. The installment price for this variant is now Rs. 7,800,000, down from Rs. 8,300,000.
This trend of price reduction in the automotive market, highlighted by the Peugeot 2008 price drop, indicates a significant shift in the market dynamics compared to the same period last year.
