Pakistani Vehicles Sales in October kept the outstanding momentum booming 42.9% and projecting the full year at an amazing new all time record. Honda is booming after the BR-V launch, but Suzuki still dominates quite share over 52%.
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 vehicles market in recent years has reacted promptly toe th 2013 fall with sales improved from 140.732 (2013) to a record of 226.141 (2015) before to decline at 208.998 last year. In the 2017 the market has been robust and is projecting a new record above the 240.000 with 2018 outlook still positive.
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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. In the Q3 sales improved 23% and in October 42.9% (with 24.071 sales) with a year to date figures at 205.620, up 18.2%.
Suzuki dominates the market with 52.0% of market share and 106.127 sales (+17.4%) ahead of Toyota with 51.613 sales (-0.5%) and Honda with 39.781 (+52.0%).
As far as the best-selling models, the Toyota Corolla was again the first with 43.889 sales (-5.4%) followed by the Suzuki Mehran with 35.367 (+16.7%) and the Suzuki Wagon R with 19.373 (+89%).
Research, Consulting, Data & Forecast
F2M covers intensively this market with several products developed to help any investigation required. Market Researches in PDF are immediately available for download with study on the market since 2005 and with forecast up to the 2022. AutoData in EXCEL are immediately downloadable with annual sales volume, split by month, for all brands and all models distributed in the market. This year data are released year to date, but you will receive a monthly update until the year-end. See details within Pakistan Corner Store.
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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