Car sales in Pakistan drops 44pc in December

Automotive gross sales in Pakistan dropped 44 per cent in December 2022 as in comparison with the gross sales within the corresponding month of 2021, business knowledge exhibits.

The information launched by the Pakistan Automotive Producers Affiliation (PAMA) says automotive gross sales plunged to 13,768 items in December 2022, towards 24,471 items recorded in December 2021, .

Automotive gross sales of PAMA members decreased by 11 per cent in Dec 2022 in contrast with 15,432 items bought in November 2022, whereas six-month gross sales of automobiles dropped by 40pc.

In keeping with PAMA, an enormous fall of 59pc was recorded in Toyota Corolla and Yaris gross sales to 12,065 items from 29,126 in first six months of FY22. Nonetheless, the month-on-month gross sales barely fell to 1,879 from 1,933 in November.

Honda Civic/Metropolis gross sales slowed down by 49pc to eight,906 items from 17,620 amid a whooping drop in December gross sales to 981 from 1,509 items in November.

Nonetheless, the brand new mannequin of Suzuki Swift posted strong gross sales of seven,136 items from 497 items in 1HFY22 regardless of a decline in December gross sales to 1,428 from 2,242 items in November.

Hyundai Elantra gross sales got here down by 15pc to 1,297 within the final six months from 1,508 items whereas its December gross sales soared to 142 from 101 items in November. Hyundai Sonata gross sales stood at 551 items displaying a drop of 56pc from 1,240 in July-Dec FY22.

In keeping with a reported issued by the Topline Securities, Pakistan automotive gross sales (together with gross sales of non-PAMA members) clocked in at round 18,000 items, down 8pc month-on-month primarily on account of non-availability of CKD [Completely Knocked Down] components amid LC points, which led to non-production days.