Car Sales Declined by 43.4% in First 8 Months of FY19-20

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Car sales dropped by 39.4% year-on-year to 10,345 units in February 2020, as weakening buying power of consumers continued to hurt the local automobile sector.

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According to the data from Pakistan Automotive Manufacturers Association (PAMA), car sales dropped 43.4% to 79,537 units in the first 8 months of the current fiscal year, compared to 140,462 units sold in the corresponding period a year earlier. However, on a month-on-month basis, car sales increased from 10,095 units in January 2020 to 10,345 units in February 2020, witnessing a mild 2.47% improvement.

Car Sales Declined by 43.4% in First 8 Months of FY19-20 1

In February 2020, sales of 1300cc and above cars fell by 30% year-on-year to 5,769 units in compared to 8,239 units sold during the same month a year earlier. Sales of these cars dropped 56% to 31,033 units in July-February period, compared to 70,232 units in the corresponding period a year earlier.

Car Sales Declined by 43.4% in First 8 Months of FY19-20 2

Sales of Toyota Corolla decreased 25% to 3,715 units as against 4,945 units a year earlier, while sale of Honda Civic and City was down 36.6% to 1,868 cars from 2,950 units. Under 1000cc category, Suzuki Cultus and Suzuki WagonR (combined) witnessed sales drop of 47.6% to 2,234 units in February 2020 as against 4,262 units in February 2019. Suzuki Swift’s sales declined 46% to just 186 units from 344 units a year before.

Car Sales Declined by 43.4% in First 8 Months of FY19-20 3

Sale of 4x4s & SUVs decreased 46.8% in the first 8 months to 2,745 units from 5,160 units during the corresponding period last year. Sales of buses and trucks slid 41% in the July-February period as their sales dropped to 402 units from 563 units.

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Tractor sales decreased 35.7% to 20,588 units in the eight months of FY20. That was compared to 32,013 units in the corresponding period last year. Sales of motor bikes fell 9.7% to 1.081 million units in the July-February period. That was compared to 1.197 million in the corresponding period a year earlier.

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