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Increase in sales of auto over 57 pcs in eight months: PAMA

KARACHI: Sales of auto they recorded a huge growth of 57.46 percent during first eight months (July-February) of the current tax year 2021-22 for macroeconomic reasons recovery and launch of new models.

According to the Pakistan Automotive Manufacturers Association (PAMA), total car sales increased to 149,813 units during the first eight months of the current tax year compared to 95,139 units sold in the same period of the last tax year.

In a month-on-month, the sale of passenger cars witnessed rise of 6 percent in February, stamping in to 18,054 units against 16,985 units sold in January 2022. The a year-on-year base, car sales increased one-thirds compared to the 13,570 units sold in February 2021.

According to PAMA data, the total production of cars were registered at 18,263 units in February 2022. The category below 1000 cc took a lead how auto sales were recorded at 8,245 units within this category. At the segment level, Suzuki Alto recorded the highest sales at 7,175 units, followed by Suzuki Bolan which sold 1,070 units in said month.

The second-highest number of the sales were made within the 1300cc category and above 6,471 units. Within this category, Toyota Corolla and Yaris recorded sales of 3,646 units. Honda Cars (Civic and City) reported sales of 2,286 units. This was followed by Hyundai Elantra and Hyundai Sonata which sold 312 and 226 units respectively.

The “1000 cc” category. took the third spot as the units sold in the month of February was 3,338. Suzuki Cultus registered the sale of 1,692 units, followed by Suzuki WagonR which sold 1,646 units.

Meanwhile, sales of trucks witnessed a 27 percent Mum decline in February 2022 stands at 501 units, compared to 690 units sold in the previous month. Isuzu emerged as the best-sale truck, with sales of about 276 units in the month, followed by MASTER with 124 units. HINO and JAC made sales of 84 units and 17 units, respectively.

Likewise, the overall sale of bus also fell by 49 percent MoM during the review month on the clock in to 45 units. Within this segment, Maestro made the maximum sales to 35 units while HINO reported sales of 10 units.

Cumulatively, total sales of trucks and buses during the timed month in to 597 units against production of 546 units during sales of the two and three wheels were registered at 136,527 units.

According to the data, light commercial vehicles, vans and jeeps observed sales of 3,610 units, showing a marginal drop of 0.4 percent MoM in the period below review.

Analysts attributed the surge in car macro sales recovery and single-digit interest rates. They said the decline in Monthly sales are due to the high base and pre-purchase in anticipation of price increase by auto- assemblers.

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Sandra Loyd
Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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