Recently published data by Pakistan Automotive Manufacturers Association (PAMA) has revealed that car sales in the country have plunged 39% in February 2020.
Pak Suzuki Motor Company (PSMC) has recorded a 50% reduction in sales followed by Honda Atlas Pakistan with 35% and Toyota Indus Motors with an 18% decline in sales.
Overall car sales for the first 8 months of FY 2019-2020 have also recorded an unprecedented decline of 44% when compared to the same period last year.
Auto companies had sold 162,240 vehicles during the first 8 months of FY2018-2019. This year, they have managed to sell 90,834 vehicles so far.
Here is a detailed chart of car sales for the past month:
Manufacturer | February 2020 | February 2019 | Sales (%) | 8M FY2019-20 |
Pak Suzuki | 5,377 | 10,851 | -50% | 55,630 |
Honda Pakistan | 2,141 | 3,281 | -35% | 12,497 |
Toyota Indus | 4,510 | 5,529 | -18% | 22,707 |
Total | 12,028 | 19,661 | -39% | 90,834 |
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Bikes
As far as bikes are concerned, only Sazgar managed to improve its sales in February 2020. Bike sales of both Atlas Honda and Pak Suzuki have recorded a decline in February 2020.
For 8 months of FY 2019-2020, only 849,632 bikes were sold against the 946,861 of the same period last year, recording a 10% drop in sales in the sector.
Manufacturer | February 2020 | February 2019 | Sales (%) | 8M FY2019-20 |
Sazgar | 1,537 | 1,409 | +9% | 8,042 |
Honda | 90,005 | 95,015 | -5% | 700,194 |
Suzuki | 1,799 | 1,409 | -8% | 14,540 |
Others | 5,666 | 40,180 | -85% | 126,856 |
Total | 139,007 | 138,555 | 0.3% | 849,632 |
Tractors
Sales of tractors in Pakistan have also declined by 22% in February 2020.
Millat, Orient, and Al-Ghazi tractors sold 3,141 tractors last month against the 4,044 tractors during the same period last year.
Sales during the first 8 months have also reduced by 36% in FY 2019-2020.
Trucks and Buses
Sales of trucks and buses have reported a decline as well in February 2020.
Hino, Master, JAC, and Isuzu collectively sold 402 units against the 563 in the same period last year, recording a 29% decline.
Sales across the segment during the first 8 months have declined by 41% in FY 2019-2020.
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