The drop in vehicle sales trend continues due to production cuts from major automakers, record inflation, and massive price hikes.
The latest data from Pakistan Automotive Manufacturers Association (PAMA) suggests that carmakers (association members only) collectively sold 10,953 vehicles in September 2022, witnessing a month-over-month (MoM) decline of 6% and a year-over-year (YoY) decline of 51%.
Toyota Indus Motor Company (IMC) sold 2,617 cars, reporting a 32% MoM decline in sales. Honda Atlas Cars Limited (HACL) sold just 1,280 cars with a 29% MoM decline, while Pak Suzuki Motor Company (PSMC) sold 6,006 cars, observing a respectable 52% MoM recovery in sales.
Hyundai Nishat Motors Private Limited (HNMPL) sold 967 units in September, recording a 50% MoM decline in sales. Once again, Tucson remained the company’s best seller.
The monthly sales of some popular cars are as follows:
| Passenger Vehicle Sales |
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| Passenger Vehicles | Units Sold in August 2022 | Units Sold in September 2022 | Month-on-Month % Difference |
| PSMC |
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| Cultus | 411 | 751 | 83% |
| Alto | 2,293 | 2,372 | 3% |
| Wagon R | 365 | 766 | 110% |
| Bolan | 227 | 609 | 168% |
| Swift | 532 | 1,263 | 137% |
| Toyota IMC |
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| Corolla | 1,595 | 1,000 Approx. | -38% |
| Yaris | 1,306 | 800 Approx. | -40% |
| Fortuner | 339 | Under 250 | -32% |
| Hilux | 636 | 610 Approx. | -5% |
| Honda Atlas |
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| Civic | 606 | 240 Approx. | -60% |
| City | 830 | 960 Approx. | 15% |
| BR-V | 373 | 79 | -79% |
| Hyundai Nishat |
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| Tucson | 985 | 375 | -62% |
| Elantra | 581 | 320 | -45% |
| Sonata | 234 | 151 | 35% |
Production Snag
The inflationary pressures and import hurdles are a continuous bother for carmakers. Companies have observed massive production cuts, which may cause sales to fall further in the coming months.
The automakers blame the new mechanism enacted by the State Bank of Pakistan (SBP) for the decline, which requires approval for CKD import clearance. HACL and PSMC issued notifications recently of production halts in October.
Considering these factors, the Pakistani auto sector has tough times ahead of it.
there are so many unsold cars both new and used lying in the showrooms so even these sales are good enough for “traders” with black money
I think We can even say that these are the actually true sales. Finally black money burst is here.
Any update about kia lucky motors
sir honda and toyota
koi ti esa modek loungh krwadn k mere hesa gareeb admi be price de sake
koi ti esa model loungh krwadn k mere jesa gareeb admi be price afford kr sake ,
mere jese lene wale lakho hn ,
price 400 k sa zada na ho ,
kuch esa kijiye k log app many k ye hove na price