After a series of downtrends and consecutive nosedives, car sales in Pakistan are off to a promising beginning this year. As per PAMA (Pakistan Automotive Manufacturers Association), month-on-month (MoM) report car sales jacked up by staggering 81%, selling 10,536 units in Jan’23 compared to 5,816 vehicles in December 2023.

However, in a year-to-year (YoY) comparison, there was a slight decline of 5%, as car makers sold 11,124 cars during the same period last year, thanks to steep rise in car prices, ceasing purchasing power and low car financing.

Two Wheelers

Likewise, there was a notable surge in two-wheeler sales, marking a significant uptick of 27% last month, reaching 104,619 units compared to 82,362 bikes sold in December 2023. Particularly noteworthy 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

Truck and buses sales experienced a notable surge of 130% month-on-month (MoM), sold 242 units last month against 105 in December 2023.

Company-Wise Sales Breakdown

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

Highlighting Honda Atlas’ sales, the carmaker soared by 49%, selling 1,339 units last month compared to 901 units in Aug’23. (MoM growth: 49%)

Comparing to its Japanese peers, Pak Suzuki Motors Company’s sales increased by 22%, selling 4,550 vehicles against 3,735 cars in July. (MoM growth: 22%)

Meanwhile, Hyundai Nishat sales increased by 100%, selling 304 units last month compared to 607 units in Aug. (MoM growth: 100%)

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.

Car-Wise Sales Breakdown

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.