PAMA Reports 4% Increase in Car Sales Last Month

Jawad

21 Jun 2024

284

PAMA Reports 4% Increase in Car Sales Last Month

Every month, we present an in-depth analysis of the PAMA report, focusing on the latest sales trends in the local car market. Despite a persistent downtrend in recent months, car sales have shown occasional positive spikes. Following a slight increase in April 2024, car sales have once again risen.

Monthly Car Sales Overview

According to the Pakistan Automotive Manufacturers Association (PAMA), car sales increased by 4% month-on-month (MoM), with 10,949 units sold last month compared to 10,515 units in April 2024.

Yearly Car Sales Comparison

Year-on-year (YoY), car sales have impressively doubled, marking a 100% increase. This surge is largely due to the stabilization of the Pakistani Rupee against the US dollar. In May 2024, car manufacturers sold 10,949 units, up from 5,464 units in May 2023.

Two and Three-Wheeler Sales

Similarly, motorbike and three-wheeler sales experienced a significant 10% increase last month, reaching 118,811 units compared to 107,590 units in April 2024. Atlas Honda's sales rose by 9%, with 103,297 units sold in May, up from 95,069 units in April 2024.

Pak Suzuki experienced a marginal 1% increase in sales, selling 1,696 units last month compared to 1,684 units in April 2024.

Truck and Bus Sales

Truck and bus sales grew by 8% last month, with 247 units sold compared to 229 units in April 2024.

Company Sales Analysis

Toyota Pakistan's sales saw a minor decline of 1%, with 2,047 units sold last month compared to 2,065 units in April 2024.

Honda Atlas experienced an 18% increase, selling 1,187 units last month compared to 1,003 units in April 2024.

Pak Suzuki Motors Company maintained steady sales, with 6,010 vehicles sold in May 2024, slightly up from 6,000 in April 2024.

Hyundai Nishat's sales remained stable, with 683 units sold last month compared to 686 units in April 2024.

It is important to note that the sales figures for Kia Lucky Motors, Master Changan Motors, Regal Motors, MG Motors, and Al-Haj Proton are not included in the report as these companies are not PAMA members.

Car Model Sales Analysis

Honda Atlas sold 138 units of BR-V and 1,049 units of City and Civic.

Hyundai Nishat sold 298 units of Sonata, 214 units of Porter, 108 units of Elantra, and 298 units of Tucson.

Pak Suzuki sold 447 units of Suzuki Bolan, 305 units of Suzuki Ravi, 714 units of Suzuki Swift, 253 units of Suzuki Wagon R, 4,062 units of Alto, and 229 units of Suzuki Cultus.

Toyota Indus sold 485 units of Fortuner and Hilux, and 1,562 units of Corolla and Yaris combined.

Month-on-Month Comparison

Here's the month-on-month comparison of all the sales figures mentioned above.

Car Model	April’24	May’24	Difference
Suzuki Alto	4, 786	4,062	-15%
Suzuki Cultus	320	229	-28%
Suzuki Wagon R	318	253	-20%
Suzuki Bolan	237	447	89%
Suzuki Ravi	11	305	2673%
Suzuki Swift	328	714	118%
Toyota Corolla & Yaris	1,722	1,562	-9%
Toyota Fortuner & Hilux	343	485	41%
Honda City & Civic	956	1,049	10%
Honda BRV	47	138	194%
Hyundai Tucson	253	298	18%
Hyundai Sonata	95	63	-34%
Hyundai Elantra	111	108	-3%
Hyundai Porter	227	214	-6%