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When automobile industry in Pakistan is shrinking in the face of prevailing uneven economic fuss and import curbs inflicted by State Bank of Pakistan, Pakistan Automotive Manufacturers Association (PAMA) report comes with something different – car sales are up by 21% last month.
However, burgeoning car prices, low sales and a slump in car financing has reported 36% down in year-on-year sales clocked at 13,369 units compared to 21,024 units in the corresponding time of last year.
Toyota Indus sales recorded a slight jump in its sales. The company sold 3,374 units in October against 2,617 units in September – a month-on-month increase of 29%.
Coming to Honda Atlas car sales – the company’s sales follow the trend – went up to 1,425 units compared to 1,280 units in September. (MoM growth: 11%)
Similarly, Pak Suzuki Motors Company (PSMC) exhibited thumping figures. Company sold 8,003 units against 6,006 units in September. (MoM growth: 33%)
Hyundai Nishat faces the different fate. The company witnessed a massive downturn, selling 486 units in Oct-22 compared to 967 units in September 2022. (MoM decline: 50%)
It is pertinent to mention that all other car companies, Kia Lucky Motors, Master Changan Motors, Regal Motors, MG Motors, and Al-Haj Proton, are not PAMA members. Their sales numbers are not included in the report.
Pakistan Suzuki Motor Company sold 4,181 units of Alto, 1,129 units of Suzuki Cultus, 786 units of Suzuki Wagon R, 1,350 units of Suzuki Swift, 280 units of Suzuki Bolan, and 295 units of Suzuki Ravi.
Toyota Indus sold 1,838 units of Corolla and Yaris and 1536 units of Fortuner and Hilux.
Honda Atlas sold 1,371 units of Civic and City and 54 units of BR-V.
Hyundai Nishat sold 135 units of Elantra, 77 units of Sonata, 73 units of Porter, and 201 units of Tucson.
Here is the MoM comparison of all the above sales
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