Pakistani Vehicles Sales positive again in August following the skyrocketing July performance and keeping the fast speed running towards the new all time record volume. Honda is booming after the BR-V launch, but Suzuki still dominates.
While preliminary estimates show that the economy expanded 5.3% in FY 2017, which ended in June 2017, there are some clouds on the horizon. Strong economic activity is boosting purchases from overseas, which, coupled with slowing remittance inflows, threatens to jeopardize the improvement in the current account deficit made in recent years. Moreover, the expected increase in oil prices has the potential to erode both fiscal and external balances.
Pakistani automotive industry is still heavy conditioned by the government restrictions and consumers can choose among a short list of models and brands, local made. Prices are high and technology and safety offered are always a step back from the state of the art, but desire for cars is high and the gap between potential and current sales is still high.
The end of 2017 fiscal year proposed a great news for Pakistani vehicles consumers as Honda introduced in the market a new vehicle, the BR-V, finally a modern and state of art car arrived in a country where the new vehicles offer is really limited to few models.
Meantime, according to data released by the Pakistani Automotive Manufacturers Association, the calendar year 2017 has been almost positive for the market, after the 2016 fall, and the first half 2017 sales had been 121.232, up 12.1%, scoring the new best.
Next months outlook remain quite positive as Pakistani economy keeps growing fast and demand for mobility is raising with the development of basic infrastructures and growing pro capita income.
Indeed in July new vehicles (including HCV and Bus) sales have been 20.369, up 40.7% before to score in August 21.005 sales, up 17.4% with a year to date figures at 162.606, up 15.7%.
Suzuki dominates the market with 50.7% of market share and 81.973 sales (+12.5%) ahead of Toyota with 41.564 sales (-3.6%) and Honda with 32.669 (+62.5%).
As far as the best-selling models, the Toyota Corolla was again the first with 35.546 sales (-6.5%) followed by the Suzuki Mehran with 27.592 (+10.9%) and the Honda Civic with 14.809 (+143%).
Below, you can sort our interactive tables to see data regarding Brands and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will always have the year to date data updated.
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