Pakistan car sales in June plunge 82 per cent, just over 6,000 units sold

In fiscal year 2022-23, car sales in Pakistan crumbled to 126,879 units which is a decline of around 56 per cent. And with little to no respite in sig
File photo of motorists commuting in morning hours in Islamabad. (AFP)
File photo of motorists commuting in morning hours in Islamabad.

The Pakistan car market is going through one of its biggest crisis ever with sales continuing to be only a handful in comparison to times gone by. While sales in June were better than in May, the figure was a pale shadow of sales numbers from June of 2022.

According to figures released by Pakistan Automotive Manufacturers Association (PAMA), a total of just 6,034 cars were sold in the country in all of June. This is 10 per cent more when compared to figures from May but a mammoth 82 per cent down from the same month of 2022.

Also check these Cars

Find more Cars
Mahindra Ekuv100 (HT Auto photo)
BatteryCapacity Icon40 kWh Range Icon150 Km
₹ 8.25 - 10 Lakhs
Alert Me When Launched
Porsche 911 Gt3 (HT Auto photo)
Engine Icon3996.0 cc FuelType IconPetrol
₹ 2.50 Cr
View Offers
Mahindra S204 (HT Auto photo)
₹ 12 Lakhs
Alert Me When Launched
Lexus Nx (HT Auto photo)
Engine Icon2494.0 cc FuelType IconMultiple
₹ 64.90 - 71.60 Lakhs
View Offers
Rolls-royce New Ghost (HT Auto photo)
Engine Icon6750 cc FuelType IconPetrol
₹ 6.95 - 7.95 Cr
Alert Me When Launched
Mercedes-benz Amg E53 Cabriolet (HT Auto photo)
Engine Icon2999.0 cc FuelType IconPetrol
₹ 1.30 Cr

In fiscal year 2022-23, car sales crumbled to 126,879 units which is a decline of around 56 per cent. And with little to no respite in sight, the fall is likely to continue moving ahead.

A number of factors have emerged as major roadblocks in the path of the car market in Pakistan. There has been a sharp fall in the availability of completely knocked down kits (CKDs) while high prices of existing inventories have hurt buying sentiments as well. A rise in auto financing rates has hardly helped affordability either and there has been an overall fall in purchase power of customers at large.

The Pakistani economy continues to wade through troubled waters and the automotive industry as a whole is feeling intense pressures. Several manufacturers even announced temporary halt in production timelines.

Who sold how many?

Pak Suzuki, a formidable player in the market, witnessed a two per cent growth in June sales with 3,009 units being sold, as per data from PAMA. Indus Motor Company, responsible for assembling Toyota vehicles in the country, saw a rise of seven per cent in sales - to 1,846 units. Hyundai Nishat Motors registered a rise of 11 per cent in June with Tucson SUV being the most popular model. But these figures remain a big concern for companies here and the prevailing challenges are likely to remain in the forseeable future.

First Published Date: 12 Jul 2023, 11:57 AM IST

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.