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Car Sales Increased By 81% Last Month

Car Sales Increased By 81% Last Month. Car sales in Pakistan are starting the year off strongly after a string of declines and nosedives. The Pakistan Automotive Manufacturers Association (PAMA) reports that month-over-month (MoM) car sales increased by 81% in January 2023, selling 10,536 units as opposed to 5,816 in December 2023.

In contrast, automakers sold 11,124 automobiles in the same period last year, a minor 5% decrease year over year (YoY). This was attributed to poor car finance, a significant rise in car prices, and declining purchasing power.

Car Sales Increased By 81% Last Month

Two Wheelers:

In a similar vein, two-wheeler sales had a noteworthy jump last month, rising by 27% to 104,619 units from 82,362 motorcycles sold in December 2023. The Japanese motorbike manufacturer Honda, which sold 92,041 units last month after selling 72,096 units on December 23rd, is one company whose 28% sales gain is remarkable.

In the meantime, Pak Suzuki had a 9% rise in sales last month, moving 1,484 bikes as opposed to 1,363 in December 23.

Trucks & Buses

Sales of trucks and buses had a noteworthy 130% month-over-month (MoM) increase last month, with 242 units sold as opposed to 105 in December 2023.

Company-Wise Sales Breakdown:

Toyota Pakistan saw a staggering 304% increase in sales last month, moving 3,570 units as opposed to 684 on December 23. (MoM growth: 304%)

Emphasising Honda Atlas sales, the automaker had a 49% increase, selling 1,339 units on August 23 instead of 901 on August 23. (MoM growth: 49%)

The sales of Pak Suzuki Motors Company climbed by 22% in July compared to its Japanese counterparts, selling 4,550 vehicles as opposed to 3,735 in July. (MoM growth: 22%)

In the meantime, sales of the Hyundai Nishat surged by 100%, with 304 units sold in August as opposed to 607 units in July. (MoM growth: 100%)

It is crucial to note that Kia Lucky Motors, Master Changan Motors, Regal Motors, MG Motors, and Al-Haj Proton are the only automakers not affiliated with PAMA. The report does not include their sales figures.

Car-Wise Sales Breakdown:

2,983 Suzuki Altos, 273 Suzuki Cultus, 320 Suzuki Waggon Rs, 552 Suzuki Swifts, 135 Suzuki Bolans, and 287 Suzuki Ravis were sold by PSMC (Pakistan Suzuki Motor Company).

2,143 Corolla and Yaris and 619 Fortuner and Hilux units were sold by Toyota Indus.

Honda Atlas sold 1,207 City and Civic models and 132 BR-V and HR-V models.

A total of 132 Elantras, 57 Sonatas, 120 Porters, and 298 Tucsons were sold by Hyundai Nishat.

Car ModelDec’23Jan’24Difference
Suzuki Alto2,0992,98342.00%
Suzuki Cultus297273-8.00%
Suzuki Wagon R409320-22.00%
Suzuki Bolan326135-59.00%
Suzuki Ravi22628727.00%
Suzuki Swift37855246.00%
Toyota Corolla & Yaris5542,143287.00%
Toyota Fortuner & Hilux130619376.00%
Honda Civic & City7871,20753.00%
Honda BR-V & HR-V11413216.00%
Hyundai Tucson101298195.00%
Hyundai Sonata2757111.00%
Hyundai Elantra39132238.00%
Hyundai Porter137120-12.00%

Muhammad Tayyab

Hi, I am Muhammad Tayyab known as Vampire Hacker from Narowal, Pakistan. I love to face Technical Challenges.

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