Pakistan cars salesPakistan cars sales

According to the latest figures issued by the Pakistan Automobile Manufacturing Association (PAMA), Pakistan cars sales decreased by 46% in last year (YOY) making it 50.30 percent decrease during the first nine months of the current fiscal year 2022-23.

According to the data, 85,776 cars were sold between July and March 2022-23, compared to 172,612 units between July and March 2021-22.

According to the breakdown numbers, 12,381 Honda Civic and City units were sold during the equivalent period of 2022-23, compared to 28,830 units sold the previous year, representing a 57.05 percent decrease.

Sales for the first nine months of the current fiscal year totaled 110,405 units, a 46% decrease year on year.

The decline in sales is primarily due to the non-availability of CKDs, rising car prices, expensive auto financing, and low consumer purchasing power in the current fiscal year because of record high inflation.

Pakistan Cars sales details

In March, bike sales in the country were down 18% month on month and 44% year on year. Atlas Honda sold 71,827 vehicles in March, a 16% month-on-month and 38% year-on-year decrease.

Toyota also recorded a 6% increase in sales month over month, with 1,912 units sold. However, sales were 73% lower than the same month the previous year.

Honda Atlas reported 49% and 77% month-on-month and year-on-year sales declines in March 2023, selling only 835 units. Due to CKD difficulties, the company’s plant was closed for 23 days throughout the month.

Hyundai sales were also down 34% and 36% month on month and year on year, respectively. During the month, the company sold 836 units.

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By hachitm

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