Karachi February 11 2022: As per the latest data shared by Pakistan Automotive Manufacturers Association (PAMA), auto sales increased by 18 percent year on year to 20,621 units during the first seven months of financial year 2022.
As compared to month of december, auto sales declined by 25 percent. This monthly decline in volumetric sales is owed to the fact that consumers already priced in the upcoming price hikes amid rising taxes, therefore, made purchases in advance before the price actually increases.
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Suzuki WagonR sales up by 17 percent year on year to 1,537 units from 1,316 units. While Bolan sales down by 3 percent YoY to 956 units from 986 units. Sales of Alto increased by 1 percent to 3,864 units compared to 3,827 units in January 2021. Overall sales of Pak Suzuki Motor remained stable at 9,037 units during first month of CY22.
Combined sales of Corolla and Yaris increased by 22 percent year on year to 5,528 units during January 2022. Sales and Fortuner and Hilux also increased by 36 percent year on year to 1,269 units. Overall sales of Indus Motor Company increased by 25 percent year on year to 6,797 units.
Sales of Civic and City increased by 77 percent year on year to 3,646 units while compared to december it is down by 17 percent. Honda sold 418 units of Cultus during January 2022, which is up by 8 percent YoY and 38 percent compared to previous month. Overall sales of Honda Cars increased by 66 percent year on year to 4,064 units.
