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Car Sales Declined by 16% in April 2021

Sales of local assembled cars witnessed a 16% decline in April with 14,435 units sold compared to 17,105 units sold in March 2021 according to the data released by Pakistan Automobile Manufacturers Association (PAMA).

Although it won’t make much sense to compare the stats with those from April 2020 as the month from previous year saw zero sales for the first time ever due to COVID-19 lockdowns, however on a positive note, car sales increased by 48% to 126,579 units as of the first 10 months of FY2021, compared to the corresponding period of previous fiscal year.

Sales of 800cc & below cars in April 2021 amounted to 4,838 units out of which 4,091 units were Suzuki Alto. As for 1000cc cars, 2,759 units were sold contributed by 1,447 units of Suzuki Wagon R and 1,312 units of Cultus.

Among 1300cc cars, Toyota Yaris lead the charts with 2,600 units sold followed by Toyota Corolla with 1,724 units. 2,053 units of Honda Civic & City combined were sold in April with a hypothetical average of around 1,000 units each. Honda since 2014 is shy to disclose individual sales of Civic & City. In total 6,838 units of 1300cc & above cars were sold in April 2021 which also includes 280 units of Hyundai Elantra and 181 units of Suzuki Swift.

As for automakers, Indus Motor Company (IMC) sold 5,355 Toyota vehicles in April 2021, witnessing a 20% decline when compared to sales from March 2021. Honda Atlas sold 2,287 vehicles registering a month-on-month decrease of 27%, whereas Pak Suzuki suffered from a 15% decline in sales in the said period.

Sales of Kia, which is not a member of PAMA were affected too, with a decline of 16% the South Korean brand saw between 1,800 to 2,000 units sold according to Top Line Securities. However, Hyundai was the only automaker which did well in April with 896 units sold compared to 723 units in March witnessing a 24% increase in sales.

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