Car Sales In Pakistan Surge 51.32% In H1 FY 2024-25, Up 69% YoY In December

Car sales in Pakistan surged by 69% year-on-year (YoY) in December 2024, reaching 9,820 units, according to data from the Pakistan Automotive Manufacturers Association (PAMA). Despite this impressive growth, sales experienced a 3% month-on-month (MoM) decline, which analysts attribute to buyers delaying purchases to take advantage of new year registrations.

Recent data from PAMA highlights a notable 51.32% increase in car sales during the first six months of the financial year 2024-25. A total of 46,398 units were sold, up from 30,662 units in the same period last year. Breaking down the numbers:

Honda Civic and City sales rose to 6,404 units, up from 3,938 units last year.
Toyota Corolla and Yaris recorded an impressive 82.47% increase, with sales reaching 9,633 units compared to 5,279 units previously.
Suzuki Swift saw a substantial 60.71% growth, with sales climbing from 2,230 units to 3,584 units.
Suzuki Cultus posted a modest rise, with sales increasing to 1,130 units from 1,062 units last year.
Suzuki WagonR, however, faced a decline, with sales dropping to 1,159 units from 1,829 units.
Suzuki Alto sales surged by 46.16%, rising from 13,405 units to 19,594 units.

These figures underscore significant growth in the automotive sector, despite variations in performance among individual models.

In December 2024, Indus Motor Company reported a 25% month-on-month (MoM) decline, while all other automakers registered growth in both MoM and YoY sales. Moreover, December data from Sazgar Engineering Works was unavailable and has been excluded from the analysis. Meanwhile, non-PAMA member KIA Lucky Motors is estimated to have achieved 30-40% sales growth in 2024, with volumes ranging between 6,500 and 7,000 units. Including KIA’s contribution, overall industry sales in 2024 are estimated to have grown by 51%.

The auto sector has shown consistent recovery in recent months. Analysts anticipate further sales growth in 2025, driven by improved auto financing conditions amid declining interest rates.