3 Luxury Cars Sales Increase in April 2023

12 May 2023

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3 Luxury Cars Sales Increase in April 2023

The automobile industry is currently experiencing a challenging time with declining sales figures, and the latest data from the Pakistan Automotive Manufacturers Association (PAMA) reveals that carmakers managed only 4,463 sales in April 2023, resulting in a MoM drop of 50% and YoY decrease of 80%. However, amidst the gloomy situation, 3 luxury cars managed to gain momentum and record significant sales figures. The customers can get the detailed updates of 3 Luxury cars sales increase in April 2023.

Best-Selling Luxury Cars in April 2023

Despite being valued at over Rs. 1 crore each, the Fortuner, Hilux, and Sonata proved to be the top-selling cars last month, surpassing popular and affordable cars such as Alto, Wagon R, Swift, Corolla, Yaris, Civic, City, and Tucson.

Fortuner and Hilux witnessed an impressive increase in sales with 941 units sold in April 2023 as compared to 793 sales in March 2023, marking a 19% MoM increase. Similarly, Sonata’s sales in April 2023 recorded a 31% MoM increase, selling 155 units as compared to 118 units in the previous month.

Luxury Cars Sales Figures

Fortuner is priced between Rs. 1.58 crore and Rs. 2.11 crore, Hilux between Rs. 1.14 crore and Rs. 1.61 crore, while Sonata ranges from Rs. 1.03 crore to Rs. 1.13 crore.

Overall Sales Figures

Toyota Indus Motor Company (IMC) sold 1,948 cars in April 2023, reflecting a 2% MoM increase in sales. In contrast, Honda Atlas Cars Limited (HACL) experienced a MoM dip of 75%, managing only 207 sales. Pak Suzuki Motor Company (PSMC) also witnessed a decline in sales with 1,474 sales, indicating a drop of 74%.

Conclusion

The recent sales figures in the automotive industry depict a challenging situation with a considerable drop in sales. However, the luxury cars such as Fortuner, Hilux, and Sonata have managed to achieve impressive sales figures, despite their high price tag, and are worth noting.

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