The economic decline continues hurting Pakistan’s already dwindling auto industry. Car makers left with no choice but to announce production cuts in the face of zero inventory. However, the whole episode results in a severe downtrend in car sales, observed a slump of 85% last month.
As per Pakistan Automotive Manufacturers Association (PAMA), car sales are plunged by 85% year-on-year (YoY), selling 2,844 units in April’23 compared to 18,626 vehicles sold in the corresponding period of last year.
Similarly, month-on-month sales witnessed the similar trend – decreased by 52% sold 4,463 last month vehicles against 9,351 cars in March. The reason behind this nosedive is the poor sales of Pakistan Suzuki and Honda Atlas last month.
Company-Wise Sales Breakdown
The Japanese car giant “Toyota Indus Motors,” reported a slight jump of 2% in its sales. The company sold 1,948 units in April against 1,912 units in March. (MoM growth: 2%)
Meanwhile, Honda Atlas car sales posted a staggering low of 75%, selling 207 units last month against 835 units in March’23. (MoM decline: 75%)
Following its peer, Pak Suzuki Motors Company’s sales witnessed a new low of 74% in April, selling 1,474 cars. The company sold 5,628 cars in March. (MoM decline: 74%)
Hyundai Nishat sales observed a down of 13%, selling 725 units last month compared to 836 units in March. (MoM decline: 13%)
It is related 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.
Car-Wise Sales Breakdown
Pakistan Suzuki Motor Company sold 820 units of Alto, 177 units of Suzuki Cultus, 99 units of Suzuki Wagon R, 145 units of Suzuki Swift, 163 units of Suzuki Bolan, and 70 units of Suzuki Ravi.
Toyota Indus sold 1,007 units of Corolla and Yaris and 941 units of Fortuner and Hilux.
Honda Atlas sold 159 unit of City and Civic and 48 units of BR-V and HR-V.
Hyundai Nishat sold 119 units of Elantra, 155 units of Sonata, 136 units of Porter, and 315 units of Tucson.
Here is the MoM comparison of all the above sales:
Bikes, Buses & Trucks
Coming to the sales of bikes, buses and trucks, again situation is same here. Two-Wheeler’s sales decreased by 2% selling 81, 358 units of bikes against 83, 149 sold in same period of last month. Meanwhile, sales of buses and trucks also reported a decline of 45% and 51%, respectively.
