Late in 2017, the Pakistani Rupee was steady at Rs. 104 against the US dollar in the open market but over the last 18 months, the Rupee has plunged to a record low of Rs. 160 against one US dollar.
The substantial depreciation of the Pak Rupee has led to multiple price increases in the case of vehicles as their prices in Pakistan have been changed 5-8 times by multiple automakers during this timeframe.
This, along with added duties and taxes in the latest financial budget, has pushed the prices of cars to an impractical region, badly damaging the sales of cars in the country. The sector showed a slowdown in sales which fell by 8% to 237,950 units in the fiscal year 2019. This is also the first time after 6 years that vehicles sales in Pakistan fell.
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On average, prices have increased by 40% in the last 18 months. The table below shows the prices of locally assembled cars to help shed light on the massive change in these prices.
| Car | December 2017 | July 2019 | Price Difference % |
| FAW V2 | 1,069,000 | 1,499,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 40.22% |
| FAW X-PV Dual A/C | 919,000 | 1,174,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 27.74% |
| FAW X-PV Dual Standard | 869,000 | 1,114,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 28.19% |
| Honda City 1.3 M/T | 1,549,000 | 2,309,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 49.06% |
| Honda City 1.3 P/T | 1,689,000 | 2,489,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 47.36% |
| Honda City 1.5 M/T | 1,599,000 | 2,369,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 48.15% |
| Honda City 1.5 P/T | 1,739,000 | 2,539,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 46.03% |
| Honda City 1.5 Aspire M/T | 1,729,000 | 2,539,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 46.84% |
| Honda City 1.5 Aspire P/T | 1,869,000 | 2,699,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 44.40% |
| Honda Civic 1.8 CVT | 2,349,000 | 3,499,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 48.95% |
| Honda Civic 1.8 CVT Oriel | 2,499,000 | 3,749,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 50.02% |
| Honda BR-V CVT | 2,229,000 | 2,949,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 32.30% |
| Honda BR-V CVT-S | 2,329,000 | 3,099,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 33.06% |
| Toyota Corolla 1.3 XLi | 1,759,000 | 2,499,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 42.06% |
| Toyota Corolla 1.3 GLi M/T | 1,889,000 | 2,749,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 45.52% |
| Toyota Corolla 1.3 GLi A/T | 1,964,000 | 2,849,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 45.06% |
| Toyota Corolla 1.6 Altis | 2,149,000 | 3,149,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 46.53% |
| Toyota Corolla 1.8 Altis M/T | 2,224,000 | 3,299,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 48.33% |
| Toyota Corolla 1.8 Altis CVT | 2,349,000 | 3,449,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 46.82% |
| Toyota Corolla 1.8 Altis Grande M/T | 2,399,000 | 3,499,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 45.85% |
| Toyota Corolla 1.8 Altis Grande CVT | 2,549,000 | 3,699,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 45.11% |
| Toyota Fortuner 2.7 Petrol | 5,399,000 | 7,999,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 48.15% |
| Toyota Fortuner 2.8 Diesel | 5,899,000 | 8,649,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 46.61% |
| Toyota Hilux Revo 2.8 V | 4,649,000 | 6,249,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 34.41% |
| Toyota Hilux Revo 2.8 G M/T | 4,124,000 | 5,599,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 35.76% |
| Toyota Hilux Revo 2.8 G A/T | 4,349,000 | 5,899,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 35.64% |
| Suzuki Mehran VX | 679,000 | 839,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 23.56% |
| Suzuki Mehran VXR | 732,000 | 923,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 26.09% |
| Suzuki Ravi | 672,000 | 941,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 40.02% |
| Suzuki Bolan | 754,000 | 1,050,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 39.25% |
| Suzuki WagonR VXR | 1,054,000 | 1,540,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 46.11% |
| Suzuki WagonR VXL | 1,094,000 | 1,625,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 48.53% |
| Suzuki Cultus VXR | 1,250,000 | 1,745,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 39.59% |
| Suzuki Cultus VXL | 1,391,000 | 1,855,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 33.35% |
| Suzuki Cultus VXL AGS | 1,528,000 | 1,975,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 29.25% |
| Suzuki Swift DLX M/T | 1,327,000 | 1,905,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 43.55% |
| Suzuki Swift DLX A/T | 1,463,000 | 2,050,000 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 40.10% |
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aaa
Tabdeeli aa gaye ha,,,,
#Support Bike
#RIPCar Increase Price
Unless there is not restriction or mechanism for the price increase this cartel will keep on increasing the prices at will and the public will suffer. Same goes for the used car/imported car dealers.
Gli Auto bought in 1864k in 2017 is 2849k as of now… That’s 65.42% increase…
another article shameless plagiarized from CarSpiritPK
once again poor show by ProPK. a blatant copy of car spirit post