Pakistan car sales (including sales of Non-PAMA members) clocked in at20,000 units in November, up 35% Month-over-Month (MoM), primarily due tothe availability of CKD parts, which led to higher production in November2022 as compared to October 2022.
According to Topline Securities, auto sales were down 2% YoY in November2022, taking 5MFY23 car sales to 66,458 units, down 39% YoY from 108,635units in the first five months of the fiscal year 2021-22, amid escalatingcar prices, expensive auto financing, and low purchasing power of consumers.
Pak Suzuki (PSMC) reported an increase of 55% MoM to 12,400 units inNovember 2022 followed by Honda Car’s (HCAR) increase of 38% MoM to 1,973units in November 2022. The jump in sales is primarily due to the reasonmentioned above.
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Indus Motors (INDU) posted a decline of 4% MoM to 3,242 units in Novemberfrom 3,374 units in October 2022. Hyundai sales were down 9% MoM whereSonata was down 45% MoM and Elantra was down 25% MoM.
