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PAMA Car Sales Report (June 2022)

PAMA Car Sales Report (June 2022)

The Pakistan Automotive Manufacturers Association (PAMA) car sales report has been released and the numbers are shocking. Believe it or not, there has been a 24% increase in car sales in the month of June 22 (28,379) as compared to May 22 (22,893). Year-on-year (YOY) sales have increased by 106.4% in June 2022 (28,379) as compared to June 2021 (13,750).

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The total sales of cars and SUVs (279,267) from July 2021 to June 2022 have also increased by 54% as compared to the car sales (181,397) in the corresponding period  July 2020 to June 2021.

Indeed, surprising car sales statistics for the month June-2022. Despite the frequent price hikes, inflation, and economic crisis in the country, car sales are increasing at a rapid pace. These numbers are surprising as they negate the industry experts’ predictions of a drop in car sales citing the current economic situation.

Let’s take a detailed look at the sales numbers of various auto manufacturers: 

Latest 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,

  • Annual car sales

Total car sales for the period July-2021 to June 2022 as compared to car sales in previous period July-2020 to June-2021.

  • YOY (year-on-year) sales: 

Sales of a car model in the month of June 2022 as compared to its sales in the same month last year (June 2021).

  • MOM (month-on-month) sales: 

Sales of a car model for the month of June 2022 as compared to its sales for the previous month (May 2022).

Total Car Sales Stats

Total annual car sales stats:

July 2020 to June 2021July 2021 to June 2022Difference
181,397279,26754.0%

Total YOY sales statistics:

June 2021June 2022Difference
13,75028,379106.4%

Total MOM sales statistics:

May 2022June 2022Difference
22,89328,37924.0%

 

Honda Pakistan Sales Numbers

Honda Atlas Cars (Pakistan) Ltd. is a famous automobile manufacturer in Pakistan. It produces some of the most popular cars like Honda Civic, City, and BRV.

Let us have a look at their sales statistics (MOM and YOY) for June 2022.

Honda City and Civic (All Variants) 

Honda City and Civic annual sales stats:

July 2020 to June 2021July 2021 to June 2022Difference
25,27635,197+39.3%

Honda City and Civic YOY sales statistics:

June 2021June 2022Difference
2,8263,421+21.1%

MOM statistics:

May 2022June 2022Difference
2,6813,421+27.6%

 

Honda BR-V

Honda BR-V annual sales stats:

July 2020 to June 2021July 2021 to June 2022Difference
4,0154,255+6.0%

Honda BR-V YOY sales statistics:

June 2021June 2022Difference
479482+0.6%

MOM statistics:

May 2022June 2022Difference
229482+110.5%

Toyota Indus Sales Numbers

Indus Motor Company Limited (IMC) is the maker of some of the most popular cars in Pakistan, including Corolla, Yaris, Fortuner and Hilux.

Let’s take a look at their YOY and MOM sales numbers.

Toyota Corolla & Yaris (All Variants):

Toyota Corolla & Yaris annual sales stats:

July 2020 to June 2021July 2021 to June 2022Difference
46,65056,528+21.2%

Toyota Corolla & Yaris YOY sales statistics:

June 2021June 2022Difference
3,7384,453+19.1%

MOM statistics:

May 2022June 2022Difference
4,2634,453+4.5%

Toyota Fortuner & Hilux (All Variants)

Toyota’s flagship utility vehicle, Fortuner is a mid-size SUV, which seems to have captured this niche segment in Pakistan. Hilux is a pick-up truck, which is often used as a security vehicle in VIP entourages.

Fortuner and Hilux annual sales statistics:

July 2020 to June 2021July 2021 to June 2022Difference
10,58618,005+70.1%

Toyota Fortuner & Hilux YOY sales statistics:

June 2021June 2022Difference
7971,856+132.9%

MOM statistics:

May 2022June 2022Difference
1,6191,856+14.6%

 

Pak Suzuki Sales Numbers

Suzuki is perhaps the most prominent brand in Pakistan with a variety of models and their variants. Suzuki’s Swift, Cultus, Wagon R, Alto and Bolan are the most commonly seen vehicles on the road. Let’s take a look at their YOY and MOM sales numbers.

Suzuki Alto

Suzuki Alto annual sales stats:

July 2020 to June 2021July 2021 to June 2022Difference
37,72071,198+88.8%

Suzuki Alto YOY sales statistics:

June 2021June 2022Difference
1,2167,487+515.7%

MOM statistics:

May 2022June 2022Difference
5,4617,487+37.1%

 

Suzuki Wagon R

One of the most prominent and popular kei cars in Pakistan, Wagon R is the automobile behind the Uber revolution in Pakistan. Let’s look at its YOY and MOM sales numbers.  

Suzuki Wagon R annual sales stats:

July 2020 to June 2021July 2021 to June 2022Difference
12,65923,131+82.7%

Suzuki Wagon R YOY sales statistics:

June 2021June 2022Difference
8542,134+149.9%

MOM statistics:

May 2022June 2022Difference
2,2582,134-5.5%

 

Suzuki Cultus

Suzuki Cultus annual sales stats:

July 2020 to June 2021July 2021 to June 2022Difference
17,51023,169+32.3%

Suzuki Cultus’s YOY sales statistics:

June 2021June 2022Difference
2,2702,468+8.7%

MOM statistics:

May 2022June 2022Difference
1,2702,468+94.3%

 

Suzuki Bolan

This mini MPV is the main “workhorse” on the roads of Pakistan.

Suzuki Bolan annual sales stats:

July 2020 to June 2021July 2021 to June 2022Difference
8,19612,361+50.8%

Suzuki Bolan YOY sales statistics:

June 2021June 2022Difference
1871,216550.3%

MOM statistics:

May 2022June 2022Difference
7231,216+68.2%

 

Hyundai Nishat Sales Numbers

Vehicles of Hyundai Nishat are gaining much popularity. Most of us know about the Hyundai Tucson, Elantra, and Sonata. Let us discuss their sales statistics here.

Hyundai Tucson

Hyundai Tucson annual sales stats:

July 2020 to June 2021July 2021 to June 2022Difference
3,7484,895+30.6%

Hyundai Tucson YOY sales statistics:

June 2021June 2022Difference
231897+288.3%

MOM statistics:

May 2022June 2022Difference
639897+40.4%

Hyundai Elantra

Hyundai Elantra annual sales stats:

July 2020 to June 2021July 2021 to June 2022Difference
8553,610+322.2%

Hyundai Elantra YOY sales statistics:

June 2021June 2022Difference
270490+81.5%

MOM statistics:

May 2022June 2022Difference
594490-17.5%

 

Hyundai Sonata

Hyundai Sonata annual sales stats:

July 2020 to June 2021July 2021 to June 2022Difference
Not Available2,782Not Available

Hyundai Sonata YOY Sales Statistics:

June 2021June 2022Difference
Not Available201Not Available

MOM statistics:

May 2022June 2022Difference
400201-49.8%

Winners of June 2022 (in Terms of Units Sold)

CarsUnits Sold: July 2021 to June 2022
Suzuki Alto7,487
Toyota Corolla & Yaris4,453
Honda City and Civic3,421
Suzuki Cultus2,468 
Suzuki Wagon R2,134

The Winners in Annual Comparison (July 2020 to June 2021 Vs. July 2021 to June 2022)

CarsUnits Sold: July 2020 to June 2021Units Sold: July 2021 to June 2022Difference
Suzuki Alto37,72071,198 33,478 (+89%)
Toyota Corolla & Yaris46,65056,5289,878 (+21%)
Honda City and Civic25,27635,1979,921 (+39%)
Suzuki Cultus17,51023,1695,659 (+32%)
Suzuki Wagon R12,65923,131 10,472 (+83%)

The Winners in MOM Comparison (May 22 / June 22)

CarsMay 2022 Units SoldJune 2022 Units SoldDifference
Suzuki Alto5,4617,4872,026 (+37%)
Suzuki Cultus1,2702,4681,198 (+94%)
Honda City and Civic2,6813,421740 (+28%)
Suzuki Bolan7231,216493 (+68%)
Hyundai Tucson639897258 (+40%)

The Losers in MOM Comparison (May 22 / June 22)

CarsMay 2022 Units SoldJune 2022 Units SoldDifference
Hyundai Elantra594490-104 (-18%)
Suzuki Wagon R2,2582,134-124 (-5%)
Hyundai Sonata400201-199 (-50%)

The Winners in YOY Comparison (June 21 / June 22)

CarsJune 2021 Units SoldJune 2022 Units SoldDifference
Suzuki Alto1,2167,4876,271 (516%)
Suzuki Wagon R8542,1341,280 (150%)
Toyota Fortuner & Hilux 7971,8561,059 (133%)
Suzuki Bolan1871,2161,029 (550%)
Toyota Corolla & Yaris3,7384,453715 (19%)

Analysis

Suzuki Alto continues the winning streak as it is the winner of June 2022. Its total sales are 7,487 units, which is 37% more than last month and 516% more than last year (June 2021). The major reason behind this is worsening economic conditions in the country as people who were looking for Wagon R or Cultus last year are forced to buy Suzuki Alto due to the price hikes. 

Toyota Yaris and Corolla (combined) have grabbed the 2nd position in terms of sales (4,453). Their rivals Honda City and Civic have obtained 3rd position with 3,421 units sold in June 2022. It is pertinent to mention that the sales of Honda sedans have increased by 28% and 21% as compared to May-2022 and June-2021 respectively. Whereas, the sales of Toyota sedans have increased 4%  and 19% as compared to May 2022 and June-2021 respectively. 

It shows that the sales of Honda cars are increasing and nearing Toyota. It might be a point of concern for Toyota because it has ruled over the sedan segment in Pakistan for a long time and this title might not remain with it if Honda cars continue to gain popularity like this.

Last month, there were speculations about Suzuki discontinuing Cultus. But how can the company do it as this hatchback is ranked 4th (2,468 units) in terms of units sold? It shows they were just rumors. Cultus has gained 94% more sales as compared to the previous month and 9% more sales as compared to last year.

Suzuki Wagon R might be ranked 5th (2,134 units) in terms of number of units sold. However, its sales dropped by -5% compared to last month. It might not bother the company as its sales have increased by 83% as compared to the previous year. 

Final Verdict

The automobile industry has done pretty well as a whole. Total sales of cars, SUVs, and pickups increased by 54% in the period of July 2021 to June 2022. Total YOY sales are up by 106.4% and MOM sales are up by 24%. No one predicted this as the poor economic situation indicated a decline in sales. But the numbers show the opposite. 

The main reason behind this increase could be the previous orders that might have been delivered or invoiced in June-2022. As there are signs of further car price hikes, people are buying them more to sell them later at higher prices. 

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.

What are your thoughts on these statistics? Share your opinions in the comment section below.

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