Car Price Comparison: December 2017 vs July 2019

For long Pak Rupee was hovering around Rs 104 against the US Dollar in open market. However since December 2017, the decline started which over the period of 18 months have brought the Rupee value at Rs 160 against a single Dollar.

Related: Automobile Sales Dipped 8% in FY-2019

The massive devaluation of Pak Rupee resulted in frequent price hikes as far as the automobiles are concerned. Car prices in Pakistan were revised from 6 to 8 times by different automakers during the last 18 months.

This, coupled with added duties and taxes in the recent financial budget have pushed the prices of cars to an unrealistic mark, badly denting the sales of automobiles in the country. Automobile sector recorded a slowdown in sales which dropped 8% to 237,950 units in fiscal year 2019. This is also the first time after 6 years that automobile sales in Pakistan have witnessed a decline.

Related: Automobile Industry may Witness up to 150,000 Job Cuts

Prices since December 2017 have gone up by 39% on average. Below is comparison of prices of some of the local assembled cars which will give you an idea of how much the prices have gone up in the last 18 months. The % difference in increase is also mentioned.

CarDecember 2017July 2019Price Difference %
FAW V21,069,0001,499,000 40.22%
FAW X-PV Dual A/C919,0001,174,000 27.74%
FAW X-PV Standard869,0001,114,000 28.19%
Honda City 1.3 M/T1,549,0002,309,000 49.06%
Honda City 1.3 P/T1,689,0002,489,000 47.36%
Honda City 1.5 M/T1,599,0002,369,000 48.15%
Honda City 1.5 P/T1,739,0002,539,000 46.03%
Honda City 1.5 Aspire M/T1,729,0002,539,000 46.84%
Honda City 1.5 Aspire P/T1,869,0002,699,000 44.40%
Honda Civic 1.8 CVT2,349,0003,499,000 48.95%
Honda Civic 1.8 CVT Oriel2,499,0003,749,000 50.02%
Honda BR-V CVT2,229,0002,949,000 32.30%
Honda BR-V CVT-S2,329,0003,099,000 33.06%
Toyota Corolla 1.3 XLi1,759,0002,499,000 42.06%
Toyota Corolla 1.3 GLi M/T1,889,0002,749,000 45.52%
Toyota Corolla 1.3 GLi A/T1,964,0002,849,000 45.06%
Toyota Corolla 1.6 Altis2,149,0003,149,000 46.53%
Toyota Corolla 1.8 Altis M/T2,224,0003,299,000 48.33%
Toyota Corolla 1.8 Altis CVT2,349,0003,449,000 46.82%
Toyota Corolla 1.8 Altis Grande M/T2,399,0003,499,000 45.85%
Toyota Corolla 1.8 Altis Grande CVT2,549,0003,699,000 45.11%
Toyota Fortuner 2.7 Petrol5,399,0007,999,000 48.15%
Toyota Fortuner 2.8 Diesel5,899,0008,649,000 46.61%
Toyota Hilux Revo 2.8 V4,649,0006,249,000 34.41%
Toyota Hilux Revo 2.8 G M/T4,124,0005,599,000 35.76%
Toyota Hilux Revo 2.8 G A/T4,349,0005,899,000 35.64%
Suzuki Mehran VX679,000839,000 23.56%
Suzuki Mehran VXR732,000923,000 26.09%
Suzuki Ravi672,000941,000 40.02%
Suzuki Bolan754,0001,050,000 39.25%
Suzuki WagonR VXR1,054,0001,540,000 46.11%
Suzuki WagonR VXL1,094,0001,625,000 48.53%
Suzuki Cultus VXR1,250,0001,745,000 39.59%
Suzuki Cultus VXL1,391,0001,855,000 33.35%
Suzuki Cultus VXL AGS1,528,0001,975,000 29.25%
Suzuki Swift DLX M/T1,327,0001,905,000 43.55%
Suzuki Swift DLX A/T1,463,0002,050,000 40.10%

E&OE.

Auto industry had forecasted to increase its sales to 0.3 million by 2021 and half a million units by 2022; however from the looks of it, the sector is far from achieving this goal.

Subscribe
Notify of
8 Comments
Oldest
Newest
Inline Feedbacks
View all comments