Pakistan’s automotive sector has hit a low after customers have faced a price-hike.
Cars have now become expensive to own, plus the increase in fuel price has also caused concern amongst potential vehicle owners.
Overall, light commercial vehicle sales declined by 18% with just 17,891 units sold whereas last year the numbers were 21,813.
Furthermore, sales fell by 8% month-on-month as 19,437 units were sold in the previous month.
Similarly, the demand for trucks and buses also hit a low with 50% drop in sales and tractor sales have also gone down by 47%.
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Whereas bikes and three-wheelers saw a difference of 10% in sales.
Toyota Corolla remained the most popular car for May 2019 with 4,069 units sold (29% less from last month).
Honda Civic and City followed with a combined sale of 2,564 units. Suzuki led the hatchback sales with WagonR – 2,765 units, followed by Cultus with 2,546 units.
Despite Suzuki Mehran being officially discontinued, the company managed to sell 1,789 units in May 2019.
Whereas Suzuki could only sell 425 Swift units with a decline of 6% in sales. The Bolan and Ravi sold 1,270 units and 1,285 units.
On the other hand, Honda BR-V sold 388 units, Toyota Fortuner – 212 units, Toyota Hilux – 468 units, and Isuzu D-Max managed to sell 70 units.
Stay tuned to Brandsynario for more news and updates.
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