Suzuki Shifts Into High Gear: A 399% Increase In Sales!

Exciting news from the automobile industry! Overall sales have surged by approximately 60% in February 2024 compared to the same month last year. But here’s the real kicker: Suzuki car sales have skyrocketed by an incredible 399% year-on-year, jumping from 978 units in February 2023 to a whopping 4885 units in February 2024. However, it’s not all smooth sailing; there’s a slight bump in the road as overall month-on-month sales have dipped by nearly 8%.

Now, you must be curious to know more about the car sales in February 2024, correct? Well, get ready because we’re about to explore the monthly sales of various car makes and models, alongside delving into the sales trends of major automobile manufacturers. So, without any delay, let’s dive into those month-on-month and year-on-year comparisons.

Cars’ Sales Monthly & Yearly Comparison

Suzuki has witnessed a massive surge in car sales, largely propelled by a whopping 520% increase in Alto sales on a year-on-year basis. Across the board, all Suzuki models have seen an uptick in sales in both yearly and monthly comparisons. However, WagonR seems to be facing a tough time, experiencing a steep 58% drop in sales this month compared to the previous one.

Shifting gears to Toyota, the overall sales have seen a respectable 13% increase year-on-year. Nevertheless, there’s been a significant 26% dip in monthly sales. Consequently, the gap between Honda and Toyota car sales has narrowed, with Honda trailing by just 519 units (1517 units for Honda compared to 2036 units for Toyota).

For Honda, there’s a mixed bag of results. While the monthly numbers are positive, the year-on-year comparison paints a different picture. Civic and City are showing growth in both comparisons, but BR-V and HR-V have seen substantial declines in yearly sales comparison.

For a detailed monthly comparison among the big three (Suzuki, Honda, and Toyota), refer to the graph below.

On the Hyundai front, it’s not all sunshine and rainbows. The brand has taken a hit in both yearly and monthly comparisons, with all models reporting negative sales except for the Hyundai Porter pickup truck, which maintains positive sales in both yearly and monthly comparisons.

As for Sazgar, there’s been a notable drop of 58% in sales compared to last month. However, there’s a silver lining with a 45% improvement in sales on a year-on-year basis.

Sales Trend of Car Manufacturers

Sales Trend of Suzuki

The trend for Suzuki is definitely looking up, with sales on the rise for three consecutive months. However, there’s a potential speed bump ahead: the company has recently increased its car prices, which could potentially impact sales in the coming months.

Sales Trend of Toyota

Last month, we shared the news about Toyota’s record-breaking sales in 12 months. However, it seems we’ve hit a bit of a rough patch now. Toyota’s sales have taken a 26% dip, marking a reversal in the trend we reported earlier. This decline is across the board, with sales of all Toyota cars experiencing a drop, hence the downward trend.

Sales Trend of Honda

Honda’s sales have been on a steady upward trajectory for the past couple of months. In fact, the company has just recorded its best sales figures in 12 months, as illustrated in the graph. It’s an exciting time for Honda, but only time will tell if the company can maintain this momentum and continue to perform well in the future.

Sales Trend of Hyundai

Unfortunately, the situation isn’t looking too bright for Hyundai. Sales have taken a hit this month, marking a decline in performance. Unlike some of its competitors, Hyundai’s overall trend isn’t pointing upwards. It’s definitely a challenging time for the company, and they may need to strategize to turn things around.

Sales Trend of Sazgar Haval

Sazgar’s sales have shown remarkable improvement overall. Despite a decline on a monthly basis, the company has still managed to achieve its second-highest sales in one year.  The year 2024 is proving to be lucky for the company, with its Haval line, featuring models like Jolion, H6, and H6 HEV, performing remarkably in Pakistan.

Conclusion

Overall, the signs are looking positive for the automobile manufacturers. Suzuki has notably experienced a significant boost in sales on a year-on-year basis, while Toyota, Honda, and even Sazgar Haval are also maintaining a strong trajectory. However, there are concerns for Hyundai, which has struggled to show any significant improvements. With the Budget 2024-25 on the horizon, it will be interesting to see how the automobile industry performs in the upcoming months.

Stay tuned for more exciting news and insightful updates about the world of automobiles!

Source: PAMA