B-Segment subcompact cars are arguably the most popular and volume driven in Pakistan. In the past two years, it has seen the arrival of several new entrants such as the all-new Suzuki Swift, Toyota Yaris, Changan Alsvin, and the sixth generation Honda City.
In recent times, however, the prices of all four subcompact cars have almost doubled due to the devastating local currency devaluation. Here’s how much the prices of these cars have gone up in a year:
|Models||Price in August 2021 (Rs.)||Price in August 2022 (Rs.)||Increase (Rs.)|
|1.3 Gli M/T||2,409,000||3,799,000||1,390,000|
|1.3 Gli CVT||2,589,000||4,039,000||1,450,000|
|1.3 ATIV M/T||2,519,000||3,999,000||1,480,000|
|1.3 ATIV CVT||2,669,000||4,209,000||1,540,000|
|1.5 ATIV X M/T||2,719,000||4,309,000||1,590,000|
|1.5 ATIV X CVT||2,899,000||4,569,000||1,670,000|
|1.5L Aspire MT||3,019,000||4,609,000||1,590,000|
|1.5L Aspire CVT||3,174,000||4,799,000||1,625,000|
|1.5 Lumiere DCT||2,589,000||3,844,000||1,255,000|
|1.2 GL Manual||1,972,000 (Old Model)||3,349,000||1,377,000|
|1.2 GL CVT||2,148,000 (Old Model)||3,599,000||1,451,000|
|1.2 GLX CVT||–||3,959,000||–|
As seen above, Changan Alsvin’s price has risen by the smallest amount, while those of its competitors have risen significantly. Toyota Yaris and Honda City, in particular, have seen a tremendous rise in price, which arguably places them at a disadvantage.
Alvin’s key selling point has always been its ‘value for money’. Despite the recent price hike, Changan Alsvin retains that selling point, which will likely help its sales in the future.