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Car Price Comparison: December 2017 vs January 2020

For long Pak Rupee was hovering around Rs 100 against the US Dollar in open market. However since December 2017, the decline started which over the period of 18 months plunged at Rs 164 against a single Dollar.

Related: Rupee Continues to Recover Against Dollar- Will Car Prices Come Down?

Because of this car prices were increased in regular intervals with automakers never missing a chance to revise the rates even in the slightest of fluctuations. Since June 2019 however, the Rupee started to regain some of its strength back and in fact having recovered by 6% stands at Rs 154 against a Dollar today. Now instead of reducing prices, the local automakers pushed the car prices up even further which was largely attributed towards dampening their declining profit margins.

Piled up unsold stocks of local assembled cars

Car sales in Pakistan continued to show dismal performance during the first 7 months of fiscal year 2019-20 with a 44% year-on-year decline. Despite such woeful sales, price cuts are still not considered by the local assemblers however they have demanded the government to provide tax reliefs.

Related: Auto Parts Vendors Criticize Assemblers for Low Localization & Higher Prices

Below is comparison of prices of some of the local assembled cars which will give you an idea of how much the prices have gone up within the last 2 years. The % difference in increase is also mentioned in the table.

CarDec 2017Jan 2020Price Difference %
FAW V21,069,0001,574,000                    47.24%
FAW X-PV Dual A/C919,0001,269,000                    38.08%
FAW X-PV Standard869,0001,209,000                    39.12%
Honda City 1.3 M/T1,549,0002,329,000                    50.35%
Honda City 1.3 P/T1,689,0002,509,000                    48.54%
Honda City 1.5 M/T1,599,0002,389,000                    49.40%
Honda City 1.5 P/T1,739,0002,559,000                    47.15%
Honda City 1.5 Aspire M/T1,729,0002,559,000                    48.00%
Honda City 1.5 Aspire P/T1,869,0002,719,000                    45.47%
Honda Civic 1.8 CVT2,349,0003,549,000                    51.08%
Honda Civic 1.8 CVT Oriel2,499,0003,779,000                    51.22%
Honda BR-V CVT2,229,0003,149,000                    41.27%
Honda BR-V CVT-S2,329,0003,299,000                    41.64%
Toyota Corolla 1.3 XLi1,759,0002,519,000                    43.20%
Toyota Corolla 1.3 GLi M/T1,889,0002,769,000                    46.58%
Toyota Corolla 1.3 GLi A/T1,964,0002,869,000                    46.07%
Toyota Corolla 1.6 Altis2,149,0003,149,000                    46.53%
Toyota Corolla 1.8 Altis M/T2,224,0003,299,000                    48.33%
Toyota Corolla 1.8 Altis CVT2,349,0003,449,000                    46.82%
Toyota Corolla 1.8 Altis Grande M/T2,399,0003,499,000                    45.85%
Toyota Corolla 1.8 Altis Grande CVT2,549,0003,699,000                    45.11%
Toyota Fortuner 2.7 Petrol5,399,0007,999,000                    48.15%
Toyota Fortuner 2.8 Diesel5,899,0008,649,000                    46.61%
Toyota Hilux Revo 2.8 V4,649,0006,249,000                    34.41%
Toyota Hilux Revo 2.8 G M/T4,124,0005,599,000                    35.76%
Toyota Hilux Revo 2.8 G A/T4,349,0005,899,000                    35.64%
Suzuki Ravi672,000999,000                    48.66%
Suzuki Bolan754,0001,099,000                    45.75%
Suzuki WagonR VXR1,054,0001,605,000                    52.27%
Suzuki WagonR VXL1,094,0001,695,000                    54.93%
Suzuki Cultus VXR1,250,0001,745,000                    39.60%
Suzuki Cultus VXL1,391,0001,865,000                    34.07%
Suzuki Cultus VXL AGS1,528,0001,985,000                    29.90%
Suzuki Swift DLX M/T1,327,0001,995,000                    50.33%
Suzuki Swift DLX A/T1,463,0002,140,000                    46.27%


Auto industry had forecasted to increase its sales to 0.3 million by 2021 and half a million units by 2022; however from the looks of it, the sector is far from achieving this goal. What is your opinion regarding the inflating car prices in Pakistan, let us know with your feedback.

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