2022 was an interesting year for the Pakistani car market. From several new car launches to an increased interest in electric vehicles (EVs), the year was quite happening, to say the least. Due to the turbulence in the country’s politico-economic conditions, car companies kept issuing new prices for their different models. Sometimes the prices were increased, and at other times, they were dropped. Still, it would be fair to say that overall, inflation has hit our country’s auto industry, and buying a new car is becoming out of reach for the common man.
Hyundai also changed its prices throughout the year. Let’s see its journey in 2022.
Hyundai Car Prices 2022
In 2022, the prices of Hyundai cars in Pakistan experienced fluctuation due to a variety of factors, including changes in market demand, currency exchange rates, the economic conditions in Pakistan, and shifts in consumer preferences. During the year, some Hyundai models saw price increases while others experienced price decreases, resulting in overall price fluctuation for the brand.
In a surprising turn of events, while other Japanese automakers in Pakistan saw a decline in sales, Hyundai Nishat saw a 50% year-on-year increase in sales in 2022. The company sold 12,279 units this year, compared to 8,141 cars in 2021. even price hike during the year did not affect Hyundai sales!
| Model | January 2022 Price
PKR |
December 2022 Price
PKR |
Change
PKR |
| Elantra GL 1.6 | 4,299,000 | 5,299,000 | 1,000,000 |
| Elantra GLS 2.0 | 4,399,000 | 5,699,000 | 1,300,000 |
| Sonata 2.0 | 6,859,000 | 8,149,000 | 1,290,000 |
| Sonata 2.5 | 7,749,000 | 8,899,000 | 1,150,000 |
| Tucson GLS Sport FWD | 5,549,000 | 6,899,000 | 1,350,000 |
| Tucson Ultimate AWD | 5,999,000 | 7,399,000 | 1,400,000 |
In conclusion, inflation has affected the car prices in Pakistan. Therefore, it’s important to keep in mind that car prices are subject to change and can fluctuate over time. If you’re in the market for a new car, it’s always a good idea to do your research and compare prices before making a purchase. Don’t hesitate to negotiate with the dealer or seller to get the best price possible.
