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Badly start for auto sales in July – Newspaper

KARACHI: first month of fiscal year 2022-23(1MFY23) for entirely auto industry started on negative note, led by 64.6% drop in Jeep and pickup truck sales compared to July 2021 due to significant slowdown in sales.

massive price increases, tightens auto finances, longer holidays Eidul Azha and suspension of orders from two large assemblers reduced general car sales up to 10,377 units in July, down from 20 669 units in 1MFY22.

However, according to Arif Habib Limited (AHL), the cumulative car sales of Jeeps and Pickups declined to 23-month low of 11,883 units in July 2022, which was 58% and 52% short of the month. on month and year-on-year respectively.

AT highest drop in sales below 1000cc was recorded in Suzuki Bolan, with 353 units sold in 1MFY23 vs. 950 pcs. in July 2021, then 24% drop in Alto660cc sales up to 4618 from 6110 units.

Suzuki WagonR sales fell 87% to 282 units from 2131 units. in 1000cc while Cultus sales were down up to 661 out of 4,213 units, according to data released by the Pakistan Automobile Manufacturers Association (Pama).

Segment of expensive cars with an engine capacity of 1300 cubic meters. see and above gave a mixed evaluation. performance. Toyota Corolla and Yaris faced main drop of 65% to 1734 units from 5020 while Suzuki Swift posted a rise of from 43 pcs. up to 321 out of 225 pcs. Sales of the Honda Civic and City rose 43% to 2,408 units from 1,700 units.

General truck sales were 330 units. in July 2022 compared to 551 in July 2021 in on which sales of Hino and Master came down up to 58 and 35 units. from 75 and 231 units. Isuzu sales remained unchanged at 227 units.

A total of 1,506 Jeeps and pickups were sold. out of 4250 units. Sales of Toyota Fortuner and other powerful vehicles was 641 units compared to 1695 units, while Hyundai Tucson sales declined. down up to 104 from 175 units Honda BR-V and Suzuki Ravi sales were 129 and 444 units compared to 607 and 1552 units. down by 79% and 71% respectively. Hyundai Porter sales fell to 97 from 132 units. in July of 2021 Sales of Fiat and Massey Ferguson tractors produced 1243 and 1011 units, down by 12% and 65% respectively. A total of 49 buses were sold compared to 50 units. in July 2021.

According to Pama data, total sales of two- and three-wheelers were 96,162 units. in July compared to 145,197 in the same month in 2021. Honda, Suzuki and Yamaha sales were 80,067, 3,512 and 1,261 units. in 1MFY23 versus 100,002, 2,715 and 1,607 a year back.

Published in Dawn, August 13, 2022

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Derrick Santistevan
Derrick Santistevan
Derrick is the Researcher at World Weekly News. He tries to find the latest things going around in our world and share it with our readers.

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