The ongoing Economic disaster and Closed LCs which are leading to production shutdowns have further shattered the already low Car sales. The Government carries no coercive and well-thought plan to repair the damage the economic breakdown has done to the local auto industry.
As a result, the assembly plants of various car companies are observing the lockdown in the country.
The Auto Manufacturers of Pakistan Association reports that month-to-month car sales mark a new downtrend. This decreased by 47 percent, selling 5,762 vehicles in February 2023. The episode narrates a series of tales or woes never ends here.
The Year-on-Year sales witnessed a decline of a Whopping 73 percent.
Company Sales Breakdown:
Honda Atlas (HCAR) car sales are marked as low. These dropped by 39 percent selling 1,636 units in February as compared to the 2,704 units in December.
The Toyota Indus Motors (INDU) monthly sales observed a breakdown of 49 percent. The company sold 1803 units in Feb, against 3,570 units in January.
Pak Suzuki Company (PSMC) has surpassed its Japanese peers in terms of a decline in sales of 67 percent. The Pak Suzuki Company sold 978 cars last month while 2,945 cars in January.
On the other side, the new entrant Hyundai Nishat witnessed a slight jump of 11 percent selling 1,271 units in the last month compared to 1,140 units in the month of January 2022.
Car Sales Breakdown:
Toyota Indus has sold 1,091 Toyota Corolla and Yaris vehicles and 712 Toyota Fortuner and Hilux vehicles. The Honda Atlas has sold 1,244 Civic and City models, as well as 392 BR-V and HR-V models.
The Pak Suzuki Company has sold 544 units of the Suzuki Alto, 72 units of the Suzuki Cultus, and 93 units of the Suzuki Wagon R, 67 units of the Suzuki Swift.
Hyundai Nishat has sold 243 units of the new Elantra, 197 units of the Hyundai Sonata, and 708 units of the Hyundai Tucson.
