Islamabad September 13 2022: As per the latest data shared by Pakistan Automotive Manufacturers Association (PAMA), car sales decreased by 50 percent to 8,980 units during the first month August 2022.
This is the lowest level of car sales for any month during the last two years as sky rocketing car prices suppressed demand amid higher interest rates and import restrictions hurt production even before the full impact of the devastating floods.
As compared to the same month last year, auto sales declined by 13 percent.
Ravi sales hit the most among Pak Suzuki variants by 90 percent year on year to 126 units from 1,256 units. While Bolan sales down by 79 percent year on year to 227 units in August 2022 from 1,097 units. Sales of Alto declined by 54 percent to 2,293 units compared to 5,031 units in August 2021. Overall sales of Pak Suzuki Motor decreased by 67 percent year on year to 3,954 units in August 2022.
Combined sales of Corolla and Yaris decreased by 27 percent year on year to 2,901 units during August 2022. Sales of Fortuner and Hilux also decreased by 42 percent year on year to 975 units. Overall sales of Indus Motor Company decreased by 31 percent year on year to 3,876 units.
Sales of Civic and City decreased by 47 percent year on year to 1,436 units when compared to the sales of August 2021. Honda sold 373 units of BRV during August 2022, which is down by 26 percent year on year. Overall sales of Honda Cars decreased by 44 percent year on year to 1,809 units.
Sales of Tucson increased the most by 5 times year on year to 985 units among all variants sold in Pakistan when compared to the sales of August 2021. Hyundai sold 129 units of Porter during August 2022, which is higher by 8 percent year on year. Overall sales of Hyundai increased by 2.7 times year on year to 1,929 units.
Recovery may be hurt by catastrophic floods that inundated about a third of the country in recent weeks, killing about 1,400 people and causing losses worth about $30 billion.
