rewrite this title with different wordingPAMA – Car Sales Reach 18-Months High

It’s been months since car sales (MoM) in Pakistan started performing well. Prices are high but seem stable. Overall, the market seems to be on the path to recovery, as evidenced by encouraging sales trends. Following May’24, once again, car sales have witnessed a considerable jump.

According to the Pakistan Automotive Manufacturers Association (PAMA) report, month-on-month (MoM) car sales surged by 21% last month, selling 13,284 vehicles in June’24 compared to 10,949 vehicles in May 2024.

However, year-on-year (YoY) sales reported a massive growth of 120%. This positive trend can be attributed to the stability of the Pakistani Rupee against the US dollar. Car manufacturers were able to sell 13,284 cars in the reported period, compared to only 6,033 vehicles sold during the same period last year.

Two & Three wheelers

Similarly, motorbike and three-wheeler sales decreased by 24% last month, reaching 89,895 units compared to 118,811 units in April 2024. Atlas Honda sales declined by 22% last month, reaching 80,204 units last month against 103,297 units in May 2024.

Meanwhile, Pak Suzuki experienced a down of 7%, selling 1,570 units last month compared to 1,696 units in May 2024.

Trucks & Buses

Sales of trucks and buses witnessed a jump impressive 21% last month, with 299 units sold last month compared to 247 in May’24.

Company-Wise Sales Breakdown

Toyota Pakistan’s sales increased significantly by 44%, selling 2,957 units last month compared to 2,047 vehicles in May 2024.

However, Honda Atlas sales narrate a different story, decreased by 8%, selling 1,097 units last month compared to 1,187 units in May 2024.

Pak Suzuki Motors Company’s sales increased by 15%, selling 6,885 vehicles in June 2024 against 6,010 cars in May’24.

Meanwhile, Hyundai Nishat sales observed a remarkable jump of 55%, selling 1059 units last month compared to 683 units in May 2024.

It is worth mentioning that sales numbers for Kia Lucky Motors, Master Changan Motors, Regal Motors, MG Motors, and Al-Haj Proton are not included in the report as they are not PAMA members.

Car-Wise Sales Breakdown

PSMC (Pakistan Suzuki Motor Company) sold 4,352 units of Alto, 526 units of Suzuki Cultus, 372 units of Suzuki Wagon R, 939 units of Suzuki Swift, 356 units of Suzuki Bolan, and 340 units of Suzuki Ravi.

Toyota Indus sold 2,293 units of Corolla, Yaris, and Corolla and 664 units of Fortuner and Hilux.

Honda Atlas sold 982 units of City and Civic, and 113 units of BR-V.

Hyundai Nishat sold 196 units of Elantra, 112 units of Sonata, 256 units of Porter, and 495 units of Tucson.

Here is the MoM comparison of all the above sales: