| Welcome to Global Village Space

Saturday, May 18, 2024

Cars sales up by 25% in March 2022

Last month, in March the car sales got back on track after a drop in February 2022. Three leading automakers of Pakistan; Suzuki, Toyota, and Honda, experienced massive sales growth apart from Hyundai which had lower monthly sales compared to the rest.

The Pakistan Automotive Manufacturers Association (PAMA) has posted the monthly car sales for March 2022 in its report. As per the report, the automotive industry in the country has sold a total of 27,131 cars in March compared to the 21,664 cars in February, indicating a 25% month-on-month growth.

Moreover, Toyota Indus accelerated its sales up to 7,068 units in March with month-on-month growth of 53%. Similarly, the sales of Honda Atlas also jumped from 2,747 units in February to 3,651 units in March contributing to a 33% significant growth.

Likewise, Pakistan Suzuki Motors have also made substantial progress of 18% with sales from 12,668 in February to 15,011 in March. On the other hand, Hyundai Nishat experienced a gradual decline in sales from 1,469 units in February to 1,307 units in March with a month-on-month decline of 11%.

Sales breakdown according to the car models

Furthermore, certain models were exclusively appreciated in the market resulting in maximum sales. The Pak Suzuki’s best seller model in March was Alto, this broke the company’s sales records as 9,814 models were sold last month. Similarly, the company also sold 306 units of Suzuki Cultus, 2,104 units of Suzuki Wagon R, 1,295 units of Suzuki Bolan, and 1,492 units of Suzuki Ravi.

Additionally, Toyota Indus had maximum sales of Corolla and Yaris with 5,395 units sold. Likely, Fortuner and Hilux also experienced sales of 1,673 units. Moreover, Civic and City were appreciated largely in the market as Honda Atlas sold 3,278 units. The sales of BR-V were also up to 373 units.

Read more: Check out the new cars coming to Pakistan in 2022!

The Hyundai Nishat Company sold 357 units of Elantra, 250 units of Sonata, 123 units of Porter, and 576 units of Tucson.

Month-On-Month comparison of the sales

The sales of Suzuki Alto increased up to 37% with 9,814 units sold last month compared to 7,7175 in February 2022. Similarly, Suzuki Wagon R experienced a 28% increase in sales through 2,104 units sold in March, and Suzuki Bolan had sales of 1,295 accounting for a 21% increase since February. However, Suzuki Cultus had a major drop in sales from 1,692 to 306 units sold in March contributing to a significant decline of 82%.

Furthermore, Toyota Fortuner & Hilux had maximum sales accounting for a 70% increase from 984 to 1,673 units sold. The sales of Toyota Corolla & Yaris also increased from 3,646 to 5,395. Similarly, Honda Civic & City had a massive sales growth of 44%, and Hyundai Elantra also experienced a gradual increase in the sale from 312 units to 357 units.

Read more: Toyota motors Pakistan suspends bookings of all cars

Therefore, the automotive industry in Pakistan is experiencing a good market and steady growth.