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Thursday, September 29, 2022

Pakistan Cars Sales increased by 61% in July-January (2021-2022)

Macroeconomic recovery in Pakistan have impacted the cars sale. Pakistan’s car sales increased by 61% in the first seven months of 2021/2022 (July – January).

The Pakistan Automotive Manufacturers Association (PAMA) announced that overall car sales grew to 156,586 units in the first seven months of the current fiscal year, up from 97,469 units in the same time the previous fiscal year.

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

Suzuki Cars Sales in Pakistan decreased

Due to a large base impact and supply constraints, Pak Suzuki (PSMC) and Honda Atlas Car (HCAR) both saw their sales drop by 42% and 14% MoM, respectively.

Toyota Cars Sales in Pakistan

Sales of Indus Motors (INDU) increased by 9% month over month in January 2022, owing to increases in Fortuner and Hilux sales. Hyundai Nishat, a newcomer to the Pakistani auto market, sold 612 units in January 2022, down 20% year on year.

46% increase in cars sales experienced in December 2021 compared to November 2021

Tractors Sales in Pakistan

Tractor sales in January 2022 are up by 11 per cent MoM (-5 per cent YoY). Al Ghazi Tractors (AGTL) recorded increase of 66 per cent MoM and 45 per cent YoY while Millat Tractors (MTL) sales declined by 9 per cent MoM and 22 per cent YoY.

Bikes sales in Pakistan

Pakistan bike sales were up 8 per cent MoM, while down 6 per cent YoY in Jan-2022. This takes 7MFY22 bike sales to 1.1mn units, down 2 per cent YoY.

Suzuki Car Prices increased by 2.5% in Pakistan

Trucks and Buses sales in Pakistan

Trucks & Buses sales were up 132 per cent MoM and 114 per cent YoY in Jan-2022 led by increased transportation activity.

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