Car Price Comparison: December 2017 vs July 2019

For long Pak Rupee was hovering around Rs 104 against the US Dollar in open market. However since December 2017, the decline started which over the period of 18 months have brought the Rupee value at Rs 160 against a single Dollar.

Related: Automobile Sales Dipped 8% in FY-2019

The massive devaluation of Pak Rupee resulted in frequent price hikes as far as the automobiles are concerned. Car prices in Pakistan were revised from 6 to 8 times by different automakers during the last 18 months.

This, coupled with added duties and taxes in the recent financial budget have pushed the prices of cars to an unrealistic mark, badly denting the sales of automobiles in the country. Automobile sector recorded a slowdown in sales which dropped 8% to 237,950 units in fiscal year 2019. This is also the first time after 6 years that automobile sales in Pakistan have witnessed a decline.

Related: Automobile Industry may Witness up to 150,000 Job Cuts

Prices since December 2017 have gone up by 39% on average. 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 in the last 18 months. The % difference in increase is also mentioned.

CarDecember 2017July 2019Price Difference %
FAW V21,069,0001,499,000                    40.22%
FAW X-PV Dual A/C919,0001,174,000                    27.74%
FAW X-PV Standard869,0001,114,000                    28.19%
Honda City 1.3 M/T1,549,0002,309,000                    49.06%
Honda City 1.3 P/T1,689,0002,489,000                    47.36%
Honda City 1.5 M/T1,599,0002,369,000                    48.15%
Honda City 1.5 P/T1,739,0002,539,000                    46.03%
Honda City 1.5 Aspire M/T1,729,0002,539,000                    46.84%
Honda City 1.5 Aspire P/T1,869,0002,699,000                    44.40%
Honda Civic 1.8 CVT2,349,0003,499,000                    48.95%
Honda Civic 1.8 CVT Oriel2,499,0003,749,000                    50.02%
Honda BR-V CVT2,229,0002,949,000                    32.30%
Honda BR-V CVT-S2,329,0003,099,000                    33.06%
Toyota Corolla 1.3 XLi1,759,0002,499,000                    42.06%
Toyota Corolla 1.3 GLi M/T1,889,0002,749,000                    45.52%
Toyota Corolla 1.3 GLi A/T1,964,0002,849,000                    45.06%
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 Mehran VX679,000839,000                    23.56%
Suzuki Mehran VXR732,000923,000                    26.09%
Suzuki Ravi672,000941,000                    40.02%
Suzuki Bolan754,0001,050,000                    39.25%
Suzuki WagonR VXR1,054,0001,540,000                    46.11%
Suzuki WagonR VXL1,094,0001,625,000                    48.53%
Suzuki Cultus VXR1,250,0001,745,000                    39.59%
Suzuki Cultus VXL1,391,0001,855,000                    33.35%
Suzuki Cultus VXL AGS1,528,0001,975,000                    29.25%
Suzuki Swift DLX M/T1,327,0001,905,000                    43.55%
Suzuki Swift DLX A/T1,463,0002,050,000                    40.10%


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.

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