Car Price Comparison: December 2017 vs July 2019

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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.

Car December 2017 July 2019 Price Difference %
FAW V2 1,069,000 1,499,000                     40.22%
FAW X-PV Dual A/C 919,000 1,174,000                     27.74%
FAW X-PV Standard 869,000 1,114,000                     28.19%
Honda City 1.3 M/T 1,549,000 2,309,000                     49.06%
Honda City 1.3 P/T 1,689,000 2,489,000                     47.36%
Honda City 1.5 M/T 1,599,000 2,369,000                     48.15%
Honda City 1.5 P/T 1,739,000 2,539,000                     46.03%
Honda City 1.5 Aspire M/T 1,729,000 2,539,000                     46.84%
Honda City 1.5 Aspire P/T 1,869,000 2,699,000                     44.40%
Honda Civic 1.8 CVT 2,349,000 3,499,000                     48.95%
Honda Civic 1.8 CVT Oriel 2,499,000 3,749,000                     50.02%
Honda BR-V CVT 2,229,000 2,949,000                     32.30%
Honda BR-V CVT-S 2,329,000 3,099,000                     33.06%
Toyota Corolla 1.3 XLi 1,759,000 2,499,000                     42.06%
Toyota Corolla 1.3 GLi M/T 1,889,000 2,749,000                     45.52%
Toyota Corolla 1.3 GLi A/T 1,964,000 2,849,000                     45.06%
Toyota Corolla 1.6 Altis 2,149,000 3,149,000                     46.53%
Toyota Corolla 1.8 Altis M/T 2,224,000 3,299,000                     48.33%
Toyota Corolla 1.8 Altis CVT 2,349,000 3,449,000                     46.82%
Toyota Corolla 1.8 Altis Grande M/T 2,399,000 3,499,000                     45.85%
Toyota Corolla 1.8 Altis Grande CVT 2,549,000 3,699,000                     45.11%
Toyota Fortuner 2.7 Petrol 5,399,000 7,999,000                     48.15%
Toyota Fortuner 2.8 Diesel 5,899,000 8,649,000                     46.61%
Toyota Hilux Revo 2.8 V 4,649,000 6,249,000                     34.41%
Toyota Hilux Revo 2.8 G M/T 4,124,000 5,599,000                     35.76%
Toyota Hilux Revo 2.8 G A/T 4,349,000 5,899,000                     35.64%
Suzuki Mehran VX 679,000 839,000                     23.56%
Suzuki Mehran VXR 732,000 923,000                     26.09%
Suzuki Ravi 672,000 941,000                     40.02%
Suzuki Bolan 754,000 1,050,000                     39.25%
Suzuki WagonR VXR 1,054,000 1,540,000                     46.11%
Suzuki WagonR VXL 1,094,000 1,625,000                     48.53%
Suzuki Cultus VXR 1,250,000 1,745,000                     39.59%
Suzuki Cultus VXL 1,391,000 1,855,000                     33.35%
Suzuki Cultus VXL AGS 1,528,000 1,975,000                     29.25%
Suzuki Swift DLX M/T 1,327,000 1,905,000                     43.55%
Suzuki Swift DLX A/T 1,463,000 2,050,000                     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.

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Faisal Channa
1 year ago

R.I.P. Pakistan automobile industry 🙁

جمیل احمد
1 year ago

بہتری اسی میں ہے کہ کچھ عرصہ کے لیے گاڑی خریدنا چھوڑ دیں

پڑھ لے
Reply to  جمیل احمد
1 year ago

بلکل ، ان کا بائیکاٹ ھونا چاہیے
ٹین ڈبے بی ایم ڈبلیو کے ریٹ پر بیچ رہے ہیں

S Murtaza Siddiqui
1 year ago

these prices are freakin insane. i mean whos gonna buy these tincans for these exorbitant prices?

Mehmood Husain
1 year ago

Non Pro Pakistani have copied your article once again

Najam
1 year ago

this article is copied by pro pakistani