Following a series of declines and consecutive drops, car sales in Pakistan have started this year on a positive note. According to PAMA (Pakistan Automotive Manufacturers Association), the month-on-month (MoM) report showed an impressive 81% increase in car sales, with 10,536 units sold in Jan’23 compared to 5,816 vehicles in December 2023.

However, in a year-over-year (YoY) comparison, there was a slight 5% decrease, as car manufacturers sold 11,124 cars during the same period last year, due to a significant rise in car prices, reduced purchasing power, and low car financing.

Motorcycles

Similarly, there was a significant increase in motorcycle sales, with a notable uptick of 27% last month, reaching 104,619 units compared to 82,362 bikes sold in December 2023. Of particular note is the 28% increase in sales for Japanese motorcycle manufacturer Honda, which sold 92,041 units last month, up from 72,096 units in December ’23.

Meanwhile, Pak Suzuki also experienced a 9% increase, selling 1,484 units last month compared to 1,363 bikes in December ’23.

Trucks & Buses

There was a significant 130% surge in truck and bus sales on a month-on-month (MoM) basis, with 242 units sold last month compared to 105 in December 2023.

Sales Breakdown by Company

Toyota Pakistan saw a whopping 304% increase in sales, selling 3,570 units last month compared to 684 vehicles in Dec’23. (MoM growth: 304%)

Honda Atlas experienced a 49% increase in sales, selling 1,339 units last month compared to 901 units in Aug’23. (MoM growth: 49%)

Compared to its Japanese counterparts, Pak Suzuki Motors Company saw a 22% increase in sales, with 4,550 vehicles sold against 3,735 cars in July. (MoM growth: 22%)

Meanwhile, Hyundai Nishat saw a 100% increase in sales, with 304 units sold last month compared to 607 units in Aug. (MoM growth: 100%)

It’s important to note that all other car companies, such as Kia Lucky Motors, Master Changan Motors, Regal Motors, MG Motors, and Al-Haj Proton, are not PAMA members, so their sales numbers are not included in the report.

Sales Breakdown by Car Model

PSMC (Pakistan Suzuki Motor Company) sold 2,983 units of Alto, 273 units of Suzuki Cultus, 320 units of Suzuki Wagon R, 552 units of Suzuki Swift, 135 units of Suzuki Bolan, and 287 units of Suzuki Ravi.

Toyota Indus sold 1,207 units of Corolla and Yaris and 132 units of Fortuner and Hilux.

Honda Atlas sold 1,207 units of City and Civic and 132 units of BR-V and HR-V.

Hyundai Nishat sold 132 units of Elantra, 57 units of Sonata, 120 units of Porter, and 298 units of Tucson.