Corolla And City Outsell Suzuki’s Best Seller Alto
The recent major slump in Pakistan’s already shrinking economy is nothing less than a nightmare for the local car assemblers in the country. No production leading to dwindling sales has shattered all their hopes. Meanwhile, PSMC’s (Pakistan Suzuki Motor Company) situation is worse.
As per Pakistan Automotive Manufacturers Association (PAMA) report, Toyota Corolla and Honda City outsold Suzuki’s best weapon – dubbed Alto. Toyota sold 864 units Corolla last month. Whereas, Honda posted 937 units sold last month becoming the top seller of the company.
Suzuki Sales Report
Pak Suzuki Motors Company (PSMC) surpassed its Japanese peers in terms of a decline in sales – 67%. The company sold 978 cars last month, contra 2,945 cars in January. (MoM decline: 67%).
The company sold 544 units of Alto, 72 units of Suzuki Cultus, 93 units of Suzuki Wagon R, 67 units of Suzuki Swift, 91 units of Suzuki Bolan, and 111 units of Suzuki Ravi.
Car Sales Falls to 3-year low – Report
As expected, the ongoing economic disaster and closed LCs leading to production shutdowns has further shattered the already dwindling car sales. The incumbent government carries no coercive and well-thought plan to repair the damage the prevailing economic breakdown has done to the local auto industry. Resultantly, assembly plants of various car companies are observing lockdown in the country.
As per Pakistan Automotive Manufacturers Association (PAMA) report, month-on-month (MoM) car sales marks a new downtrend – decreased by 47%, selling 5,762 vehicles in February 2023. The episode narrating a series of never tale or woes and miseries never ends here – year-on-year (YoY) sales witnessed a decline of whopping 73%.
What do you think about the prevailing situation of local car companies and their sales? Drop your thoughts in the comments section.