- Suzuki ALTO best selling car in Pakistan in 2023
During July 2023, automobile sales witnessed a substantial decline, with only 5,100 units sold, marking a 57% decrease compared to the same period last year and a 16% decrease compared to the previous month. This drop can be attributed primarily to a 23% year-on-year reduction in overall production. This production decline resulted from a scarcity of imported raw materials, stemming from previous import restrictions imposed by regulatory authorities. Consequently, notable interruptions in operations were observed; PSMC’s plant remained closed for the majority of the preceding month, while INDU’s plant was non-operational for a continuous 10-day period in July.
In addition to these challenges, the market faced mounting inflationary pressures, leading to reduced demand for vehicles with engine capacities below 1000cc. This contributed to a 27% month-on-month decrease in sales for this category, with only 1,586 units sold during the month.
Below are the Top Ten Best Selling Cars in Pakistan for the month of July’ 2023.
|6||HONDA BR-V & HR-V||286|
|8||Honda City & Civic||208|
Taking a closer look at specific manufacturers:
Toyota Indus Motors experienced a decline in sales volume, selling 1,368 units in July 2023, which represents a 26% decrease compared to the previous month. Sales of Fortuner and Hilux also saw a significant dip, plummeting by 65% month-on-month to 301 units.
Pak-Suzuki Motors played a significant role in the overall decline of auto sales, witnessing a substantial 19% month-on-month drop. The sale of Alto in July 2023 was 1,440 units, a decrease of 25% compared to June 2023, when 1,913 units were sold.
Conversely, Honda Atlas Cars demonstrated a positive trend, with volumetric sales experiencing a noteworthy 61% month-on-month increase. Particularly, sales of BRV/HRV reached a six-month high of 286 units.
In the tractor segment, sales saw a 10% month-on-month contraction in July 2023. Al-Ghazi Tractor Ltd sales, however, surged by 20% compared to the previous month, while Millat Tractors L sales declined to 1,656 units, marking a decrease of 22% month-on-month.
Detail of Car wise Sales in July-2023 in Pakistan is mentioned below:
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