The onset of this year marked a challenging period for car consumers, as all companies opted to raise their prices in January. This decision by car assemblers was influenced by restriction inflicted by the State Bank of Pakistan (SBP), low inventory mainly sudden surge in the US dollar exchange rate against poor soul PKR.

As 2023 approaches its conclusion, we’ve undertaken an analysis to highlight the extent to which car prices have escalated over the past 11 months.

Below is a list of companies that have implemented price hikes.

Toyota Car Prices

This year, Toyota vehicles experienced significant increases in their prices, marked by several price hikes occurring every two to three months. The primary factor contributing to the rise in car prices is the global supply chain disruptions that have impacted the entire automotive industry.

Honda Price Hike 

Suzuki Car Prices

Kia Prices

Haval Prices

Peugeot Prices

DFSK