The Pakistan Automotive Manufacturers Association (PAMA) car sales report has been released and the numbers are shocking. The car sales are down by around 50% (Aug-22: 8,980 units) compared to last year’s sales (Aug-21: 17,899 units). Total sales of cars and jeeps are 11,645 units this month.
The industry is going through one of the worst times. It is due to the current economic disaster in Pakistan in which inflation is breaking records, the dollar rate is around 30% higher making imports of automobile parts even pricier. The companies are also facing issues in importing parts due to restrictions and unannounced delays.
Let’s see which cars have performed better in this storm and which got carried away.
Latest Car Sales Numbers
Let’s take a look at the sales numbers of the popular models of various auto manufacturers.
We will compare the following statistics:
- YOY (year-on-year) sales:
Sales of a car model in Aug 2022 as compared to its sales in the same month last year (Aug 2021).
- MOM (month-on-month) sales:
Sales of a car model for Aug 2022 as compared to its sales for the previous month (July 2022).
Total Car Sales Stats
Total YOY sales statistics:
|Aug 2021||Aug 2022||Difference|
Total MOM sales statistics:
|July 2022||Aug 2022||Difference|
Cars Sales in Pakistan (August 2022)
MOM Cars Sales Data
The following are car sales statistics of the major automobile manufacturers. The following numbers are taken from Pakistan Automotive Manufacturers Association (PAMA).
As the stats show, the sales of many popular cars like Civic, City, Alto, Cultus, etc. have declined as compared to the previous month (July-2022).
Car Sales (Aug-21 vs Aug-22)
These are the year-on-year car sales statistics of the major automobile manufacturers.
We can see that the sales of most cars have declined massively as compared to the previous year. No matter if you talk about Corolla, Yaris, Cultus, Alto, Wagon-R, City, Civic, etc., their sales are down by up to -85%.
Now, let’s see where the sedans and hatchbacks stand against each other.
Sedans Sales in Pakistan
Toyota Corolla & Yaris beat their arch rivals (Honda Civic & City) again with around 102% more sales. Hyundai Sonata and Elantra are gaining momentum but are still behind the Honda Sedans.
Hatchbacks Sales in Pakistan
In the PAMA report, the data of only Suzuki hatchbacks is updated. In this comparison, Alto is the lone warrior as the accumulated sales of Cultus and Wagon R are not even 50% of Alto’s sales.
Winners of Aug 2022
Let’s see the winners of August 2022.
Winners in Terms of Number of Units Sold
Here, we will show you the winners in terms of total units sold.
As we can see, now the crown of most units sold belongs to the Toyota Corolla and Yaris. Yes! Alto is no more on the top as it faced a decline of -50% in sales. Its position is 2nd now. The 3rd position goes to the Honda Civic and City. Surprisingly,
Hyundai Tucson has jumped to the 4th position with a massive 847% increase in its sales. Elantra holds the 6th and the last position in this table.
Winners in Terms of % Difference in Units Sold
Now, let’s see which cars have gained sales as compared to the previous month.
Winners (In terms of % difference in units sold)
Hyundai Elantra is in the 1st position in this table. It is because its sales were 0 last month and 581, which is a massive recovery. The same is the case with Sonata (2nd position) as its sales are up to 234 units as compared to 0 sales in the previous month.
Toyota Corolla & Yaris and Hyundai Tucson are the real winners here with not just an increase in percentage but also in the number of units sold.
The Losers of August 2022
Let’s see the cars that have the least number of units sold or – sales as compared to the previous month.
Losers in Terms of Number of Units Sold
Here are the cars that have the least number of units sold in Aug 2022.
Suzuki Bolan is the least performer here as just 227 units were sold in August. Shockingly, Cultus and Wagon R are also on this list. It means that cars are getting away from the reach of low to medium-income people.
Losers in Terms of % Difference in Units Sold
Let’s see the cars that have lost their sales massively as compared to the previous month.
This table shows that the sales of Suzuki Alto are down by almost -50% (-2,325 units as compared to July 2022). Honda City and Civic are also the losers in this comparison as they have lost around 40% of their combined sales as compared to the previous month.
As expected, the sales of new cars have declined quite a lot, especially as compared to the previous year. It is a result of frequent price hikes this year and the worsening economic situation of the country. The companies are forced to increase prices due to an increase in the dollar rate that increases the cost of imported raw materials.
Due to the economic situation and supply chain disruptions, Toyota is reportedly planning to stop production of its cars for 2 weeks. Suzuki has already done it due to the issues in importing the cars’ parts.
Inflation is rising as well, but the income of average people is not getting any better. As it becomes harder for a common man to buy a new car, many are forced to buy used cars as they can’t afford to buy a new one.
Do you think these declined sales can force companies to shut down and stop their operations in the country? Share your opinions in the comment section below.