Car sales surged 114 percent in July driven by auto-friendly policy boost

Car sales

Passenger car sales surged 114 percent across the country in July 2021, with analysts crediting the spike to an auto-friendly policy and resumption of business activities post the coronavirus lockdown.

As per data released by the Pakistan Automotive Manufacturers Association (PAMA) and Topline Securities, passenger car sales increased to 24,918 units in the period under review, which compared to the same month last year, showed sales of 11,659 units.

Toyota and Suzuki also saw record breaking month as they sold the highest number of cars in the first month of the financial year 2021-22. Experts say reduced cars price was the main reason. 

Analysts pointed out that car sales jumped this month as business activities resumed and if this run rate continues then Pakistan is all set to produce & sale 350,000 cars in a year.

Pak Suzuki Motor Company sold 15,181 cars. These sales included 6,110 units if Alto, 4,213 units of Cultus and 225 units of Swift.

Indus Motor Company sold a total of 6,715 cars. 2,320 units of Toyota Corolla and 2,700 units of Toyota Yaris.

Honda Atlas Cars sold 2,307 cars. 1,700 units of Honda Civic and City.

Hyundai Nishat Motors sold 627 car units. Among them were 157 units of Hyundai Elantra.

The almost 25,000 car sold in July does not include the units by makers KIA, MG, Proton, & other Chinese variant.

During this period, 3,049 units of pickups were sold against 1,133 units in the same month last year, while tractors sales increased to 4,332 units from 3,613 units.

The sale of rickshaws and motorbikes declined to 133,426 units during July 2021. That compared to 149,921 units in July last year.

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