Car Price Comparison: January 2020 vs December 2020

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So the roller coaster year 2020 finally came to an end. From covid-19 lockdowns & complete halt in economic activities with zero automobile sales to Rupee hitting a record low against the US Dollar, the auto sector witnessed an extremely tough period during the first half of the year. Whereas the second half showed a considerable recovery in automobile sales due to revival in economic activities, ease in financing and most importantly Pak Rupee regaining its strength against US dollar in the interbank market while becoming the 3rd best-performing currency in Asia.

For the third year in a row however, car prices in Pakistan continued to witness a massive surge in 2020. Although automakers have always blamed depreciating currency value as the reason behind each price increase, year 2020 proved it wasn’t really the case though.

Related: Car Prices Will Always Increase

We have already published a detailed month-by-month recap of all the price hikes made during the year in our earlier post, however the below price comparison of some of the local assembled cars from January 2020 to those with December 2020 will give you an idea of how much the prices were increased within the last 12 months.

Car January 2020 December 2020 Difference %
US Dollar 154+/- 159+/- 3.2%
FAW V2 1,574,000 1,609,000 2.22%
FAW X-PV Dual A/C 1,269,000 1,304,000 2.75%
FAW X-PV Standard 1,209,000 1,244,000 2.89%
Honda City 1.3 M/T 2,309,000 2,449,000 6.06%
Honda City 1.3 P/T 2,489,000 2,639,000 6.02%
Honda City 1.5 M/T 2,369,000 2,529,000 6.75%
Honda City 1.5 P/T 2,539,000 2,699,000 6.30%
Honda City 1.5 Aspire M/T 2,539,000 2,699,000 6.30%
Honda City 1.5 Aspire P/T 2,699,000 2,859,000  5.92%
Honda Civic 1.8 CVT 3,499,000 3,729,000 6.57%
Honda Civic 1.8 CVT Oriel 3,749,000 3,979,000 6.13%
Honda Civic 1.5 Turbo RS 4,399,000 4,699,000 6.81%
Honda BR-V MT 2,899,000 3,159,000 8.96%
Honda BR-V CVT 3,099,000 3,319,000 7.09%
Honda BR-V CVT-S 3,249,000 3,479,000 7.07%
Toyota Corolla 1.6 Altis A/T 3,149,000 3,369,000 6.98%
Toyota Corolla 1.8 Altis M/T 3,299,000 3,549,000 7.57%
Toyota Corolla 1.8 Altis CVT 3,449,000 3,699,000 7.24%
Toyota Corolla 1.8 Altis Grande CVT 3,699,000 3,999,000 8.11%
Toyota Fortuner 2.7 Petrol 7,999,000 8,399,000 5.0%
Toyota Fortuner 2.8 Diesel 8,649,000 9,149,000 5.78%
Toyota Hilux Revo 2.8 V 6,249,000 7,041,000 12.67%
Toyota Hilux Revo 2.8 G M/T 5,599,000 6,342,000 13.27%
Toyota Hilux Revo 2.8 G A/T 5,899,000 6,664,000 12.96%
Isuzu D-Max V-Cross 3.0L M/T 5,700,000 6,600,000 15.78%
Isuzu D-Max V-Cross 3.0L A/T 5,900,000 6,960,000 17.9%
Suzuki Alto VX 1,135,000 1,198,000 5.55%
Suzuki Alto VXR 1,398,000 1,433,000 2.5%
Suzuki Alto VXL AGS 1,598,000 1,633,000 2.19%
Suzuki Ravi 999,000 1,034,000 3.5%
Suzuki Bolan 1,099,000 1,134,000 3.18%
Suzuki WagonR VXR 1,605,000 1,640,000 2.18%
Suzuki WagonR VXL 1,695,000 1,730,000 2.06%
Suzuki Cultus VXR 1,745,000 1,780,000 2.0%
Suzuki Cultus VXL 1,865,000 1,970,000 5.63%
Suzuki Cultus VXL AGS 1,985,000 2,130,000 7.30%
Suzuki Swift DLX M/T 1,995,000 2,030,000 1.75%
Suzuki Swift DLX A/T 2,140,000 2,210,000 3.2%
Kia Picanto A/T 1,999,000 2,049,000 2.5%
Changan Karvaan 1,339,000 1,435,000 7.16%
Prince Pearl 1,049,000 1,149,000 9.53%
DFSK Glory 580 1.5 M/T 3,500,000 3,750,000 7.14%
DFSK Glory 580 1.5 A/T 3,750,000 4,000,000 6.66%
DFSK Glory 580 1.8 CVT 3,900,000 4,150,000 6.41
United Bravo 985,000 1,099,000 11.57%

E&OE

Related: Car Price Comparison: December 2017 vs January 2020

With local assemblers claiming to have achieved more than 65% localization, a substantial increase in prices against a 3.2% difference in Rupee-Dollar parity is something which will be very hard for the auto consumers of Pakistan to digest. Want to share your thoughts on this, let us know with your comments.

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