As 2024 winds down, we take a look back at the automotive market’s performance over the past 11 months. Normally, we share monthly PAMA sales reports, but this time, we’re here with an annual car sales chart of 2024 with an aim to compare it with sales trends recorded last year.
In 2023, disruptions coupled with supply chain constraints and economic uncertainties keep on creating a challenging environment for the local industry. Whereas, this year car makers saw stability in the market in terms of production shutdowns, car sales, price hikes and interest rates.
To support this argument and clarify the car economics observed this year, we’ll delve into the car-wise performance of different companies, analyzing sales figures to identify emerging trends and potential areas of growth.
As we look ahead to 2025, the automotive industry is poised for further transformation. The ongoing shift towards electrification and autonomous driving will reshape the market, and automakers must adapt to these changes to remain competitive.
Honda Car Sales
| Models | Jan-Nov’23 | Jan-Nov’24 | Difference % |
| Honda City & Civic | 7,068 | 12,997 | 83% |
| Honda BRV & HRV | 2,692 | 1,306 | -51% |
| Total | 9,760 | 14,303 | 47% |
Honda City and Civic sales have observed a considerable increase of 47% this year, selling 14,303 vehicles this year compared to 9,760 units last year.
Suzuki Car Sales
| Models | Jan-Nov’23 | Jan-Nov’24 | Difference % |
| Suzuki Alto | 19,071 | 37,957 | 99% |
| Suzuki Cultus | 3,424 | 2,778 | 19% |
| Suzuki Wagon R | 3,085 | 2,705 | 12% |
| Suzuki Swift | 4,054 | 6,253 | 54% |
| Suzuki Bolan | 2,864 | 4,491 | 57% |
| Suzuki Ravi | 2,755 | 3161 | 15% |
| Total | 35,253 | 57,345 | 63% |
PSMC also faced the same fate. The company saw a major jump of 63% in terms of sales, selling 57,345 cars this year against 35,253 units in 2023 from January to November.
Toyota Car Sales
| Models | Jan-Nov’23 | Jan-Nov’24 | Difference % |
| Toyota Corolla, Yaris, Corolla Cross | 11,498 | 19,505 | 70% |
| Toyota Fortuner & IMV | 7,822 | 4,955 | 37% |
| Total | 19,320 | 24,460 | 27% |
Concerning Toyota Indus Motor’s sales, chart speaks 27% increase this year. The company managed to sell 24,460 units in last 11 months in contrast to 19, 320 vehicles sold in the same period of 2023.
Hyundai Car Sales
| Models | Jan-Nov’23 | Jan-Nov’24 | Difference% |
| Hyundai Elantra | 1,306 | 1,186 | 9% |
| Hyundai Sonata | 1,275 | 681 | 47% |
| Hyundai Tucson | 4,088 | 2,738 | 33% |
| Hyundai Porter | 1,440 | 2,491 | 73% |
| Total | 8,109 | 7,096 | -12% |
Coming to what the new entrant Hyundai Nishat Motors earned in respect of sales, the company’s sales slashed by 12%, selling 8,109 units this year against 7,096 vehicles in 2023.
The Result?
Comparing the sales of Japanese auto makers with Korean car giant. We find that Pakistan Suzuki Motors Company (PSMC), Toyota Indus Motors and Honda Atlas produced some positive results, whereas Hyundai Nishat suffered again this year.
It is related to mention that all other car companies, Kia Lucky Motors, Master Changan Motors, Regal Motors, MG Motors, and Al-Haj Proton, are not PAMA members. Their sales numbers are not included in the report.
