The car sales in Pakistan have continued to see positive trends as they are on a positive trajectory for the last few months. According to Pakistan Automotive Manufacturing Association (PAMA)’s latest report, the industry has sold 14,054 units in October 2020, against 10,853 vehicles in October 2019.
However, if we add sales statistics of KIA Lucky Motors (non-member of PAMA), the YoY sales have seen a jump of 43% last month.
Year on Year Passenger Car Sales:
The report stated Indus Motor (IMC), and Honda Atlas registered a sales increase of 120% YoY and 61% YoY, respectively. Indus Motors sold 5,481 cars last month compared to 2,496 vehicles in the same month previous year. The company’s Yaris was the primary seller as 3,058 units hit the road. Interestingly, Yaris has shown more sales than Honda City and Civic combined. Additionally,
Meanwhile, Honda sold 2,230 units against just 1,384 units in October 2019.
However, Pak Suzuki Motor Company (PSMC) sales declined by 13% YoY. It sold 6,054 cars in October 2020 against 6,973 vehicles during the corresponding month of the previous year.
The sales of Alto have dropped by 29% YoY, as 2,893 units were sold last month, against 4,048 vehicles in October 2019. Furthermore, the Cultus sales also saw a drop of 31% YoY, as only 816 were sold in October 2020, compared to 1,179 units in the same month previous year.
SUVs and Jeeps:
KIA Lucky Motors has once again dominated the SUV category last month. According to reports, it sold 1,500 units last month. Meanwhile, Hyundai Tucson sold 211 units last month. Meanwhile, Toyota sold 239 units of Fortuner previous month, as compared to 101 in October 2019.
Also, Honda sold 372 units of BR-V in October 2020, against 349 vehicles in the same period last year. Overall, 822 SUVs and Jeeps were sold last month, in comparison to 450 in October 2019.
Two-Wheelers and Three-Wheelers:
Atlas Honda sold 116,000 bikes last month, as compared to 100,018 units in the same month previous year. Overall, 175,294 2-wheelers and 3-wheelers have sold during the last month, against 156,872 vehicles in October 2019, showing 21% jump in YoY.
Trucks and Buses:
The trucks sales in October 2020 also show positive trend as 321 trucks were sold, as compared to 240 units in the same month last year. Meanwhile, 366 buses have been sold in October 2020, against 303 units in the same month previous year.
The sales of farm tractors have also seen a significant jump as 4,482 units left the dealerships last month, against 2,861 in October 2019.
Month on Month Car Sales:
Car sales also increased by 1% Month on Month MoM in Oct-2020. The increase was driven by IMC’s gain of 26% MoM as Yaris sales grew by 26%, MoM. Honda sales saw a decline of 19% MoM as City and Civic sales declined by 18% MoM most likely due to the availability of new launched Yaris.
Click here to read complete PAMA October 2020 report.