Even though Pakistan’s automotive sector has been going through a tough time, some automotive brands had better days compared to several others.
This fiscal year has also been quite a challenge for everyone, as sales have declined by 43.4% during the first eight months of FY19-20. There are several factors behind the drop in sales and demand.
The reason behind the drop is the rising car-prices and sky-high interest rates. So far, unfortunately, things do not seem to get any better in the upcoming days with Coronavirus leaving its print on every industry.
Moreover, the increase in imports and parts have also hiked the prices of cars, raising a question of affordability. Nonetheless, Pakistan Automobile Manufacturers Association (PAMA) has released reports for the performance of the auto sector in August 2020.
Comparatively, the sales have increased, showing a positive sign, and things have started to settle down once again. However, sales are still alarmingly low, and many car titans have to suffer a significant loss of revenue.
Without further ado, here are the most sold cars of August 2020!
Most Sold Cars In Pakistan For August 2020
|Model||July 2020||August 2020||Difference|
|Suzuki Wagon R||566||733||29.5%|
According to the sales chart, Suzuki Ravi and Hyundai Porter witnessed the highest increase in sales in August. The Cultus, WagonR, Bolan, Alto, and Swift also saw an increase in sales.
Toyota, Honda, and Hyundai also witnessed an increase in sales as compared to the previous month. This is also the first annual growth after 16 months since the last time car sales were seen increasing Y-o-Y was in March 2019.
The newest addition to the list is the Hyundai Tucson, which sold 22 units in August.
Unfortunately for some brands, some cars witnessed a decrease in sales!
|Models||July 2020||August 2020||Difference|
|Honda Civic & City||2210||1980||-10.4%|
The Isuzu D-Max saw the highest difference in sales with a 45% decline. It sold 40 units in July whereas it only sold 25 units in August. Toyota Corolla, which is known as one of the best sellers in Pakistan, also witnessed a decrease in sales by 43.2% as compared to the previous month.
The Toyota Fortuner, Honda Civic, City, and Toyota Yaris also witnessed a similar pattern in the decrease of sales as well.
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