20,000+ Used Cars Imported in Last 8 Months

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The import of used cars has once again seen a rise in Pakistan. There’s a report going around about over 20,000 used cars import during the past eight months of the Fiscal Year 2021-2022. Here are the complete stats.

Out of the 20,000 used cars imported from July 2021 to February 2022, 4,000 units were economy hatchbacks such as Daihatsu Mira, Nissan Dayz, Suzuki Alto, and others. These made 21% of the total used car import in FY22. 

Around 7,000 units were of small segment cars such as Toyota Vitz, Toyota Passo, Toyota Aqua, etc., making 35% of the total used car import in FY22.

2,874 were SUVs, 502 vans, 82 small buses, and 2,863 other used cars have been imported so far in FY22.

On the other hand, a total of 150 units of BMW, Mercedes Benz, Audi, Suzuki, and other CBUs were also imported in February.

Annual Used Car Import 

The highest used car import numbers were recorded in 2019, when over 36,000 units were imported. Later, the government imposed restrictions on undocumented payment channels. As a result, only 10,000 used cars were imported in 2020.

After a year of drop, the used car imports gained momentum, with over 21,000 units imported in 2021. At that time, new vehicle imports in FY21 also reached an all-time high. This year, seeing how over 20,000 units have already been imported in eight months, the ongoing Fiscal Year 2022 will end with more than 30,000 used car imports. 

The rising import of used cars is a red flag for the government as well as the local auto industry. Car import increases the country’s import bill, unbalancing the trade equation and hurting the national economy. It also takes a hit on the sales of locally produced cars. Hope the authorities take the necessary action before it’s too late.

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  1. Ali Khan says

    …. Seriously?! 🤯🤦‍♂️

    With all the evidence to the contrary. With all the problems caused by the huge import bill from parts imports of the local assemblers and the local new CBUs totaling around 1.8 billion. So much so that the finance minister had to implement tax hikes to slow down the local car industry, you are claiming this in an article?

    Can you please share any hard evidence that what you claim is actually true an not just gossip….

    Paid content is one thing. This is laughable! The local assemblers/CBU importers are so bad that used cars imported in such small numbers (and mostly in 1000cc or below segments which the local cheetas don’t even offer cars in) is a threat to their existence!

    How bad must they be in their business that something so small (and mostly comprising of cars that they don’t even offer) is threat to them?🤣🤦‍♂️

  2. Khurram says

    This article is a slap over people claiming that the local car assemblers have increased car prices because of low competition and that the government is being unjust with car customers who want quality cars. May be this 20,000 is a peanut to such people. I am also surprised at a fact that people believe that J.D.M. vans are a preferred choice of several car buyers over good old Bolan and Ravi the cumulative number of 502 is not even half of sales number attained by Bolan in one month. Good work author, thank you for sharing the facts that are denied by certain people.

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