Car Sales Plunged by 44% in November

Demand of locally assembled automobiles continued to show downward trend as sales fell by 44% to 49,110 units during the first 5 months of current fiscal year. According to the data released by Pakistan Automobile Manufacturers Association (PAMA), overall car sales in November 2019 stood lower at 8,524 units compared to 9,569 units in October.

Related: Pak Suzuki Increases Jimny Prices

Sales of Honda Civic/ City (combined) were recorded 70% less with just 6,035 units sold compared to 19,795 units sold in the first 5 months of previous fiscal year. Sales of BR-V fell by 47% from 2,116 to only 1,106 units in the discussed period.

Car Sales Plunged by 44% in November 1

Things at Pak Suzuki weren’t too impressive either as their hot selling Alto 660cc suffered a major blow. Its sales in November fell to 2,967 units from 4,048 units in October registering a 26.7% decline. This is also the lowest-ever sales figure for Pak Suzuki’s currently best selling car ever since it was introduced some 5 months ago.

Car Sales Plunged by 44% in November 2

Other Suzuki cars didn’t do well including Wagon R, the sales of which reduced by 70% to 3,339 units (in the first 5 months of FY2019-20) compared to 13,341 units in the same period a year earlier, Swift dipped by 60% to 859 units compared to 2,154 units a year earlier, Cultus sales shrunk by 35% to 5,691 units compared to 8,775 units, Bolan with a reduction of 70% sold 1,949 units compared to 6,463 units and Ravi reduced by 64% to 2,548 units compared to 7,094 units sold a year earlier.

Car Sales Plunged by 44% in November 3

Sales of Toyota Corolla although recovered slightly in the month of November compared to October, however in terms of the discussed period of this fiscal year the sales went down by 59% to 9,657 compared to 23,771 units a year earlier. Sales of Hilux dipped by 30% to 1,710 units compared to 2,436 units a year earlier, whereas Fortuner suffered from 56% reduction in sales with just 476 units compared to 1,100 units sold in previous year.

Related: IMC Offering Huge Discounts on Toyota Corolla XLi

Car sales are expected to remain low in December as the end of year approaches; however automakers are optimistic that the sales might recover from January 2020 onwards.

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