By Marjina Muskan — Dec 23, 2024

Car Prices in Pakistan: Dec 2023 vs. Dec 2024

Compare car prices in Pakistan from Dec 2023 to Dec 2024. Discover price trends, new launches, and insights into Toyota, Honda, Suzuki, Hyundai, and more.

As we bid farewell to 2024, it’s the perfect time to reflect on how the year shaped Pakistan’s automotive industry. The ups and downs in car prices, some exciting new launches, and a steady push towards hybrid and electric vehicles made this year a fascinating one for car enthusiasts. Whether you're in the market for a new ride or just keeping tabs on the industry, here’s a closer look at how car prices evolved over the past 12 months.

1. Toyota: The Yaris Gets a Facelift

Toyota kept things mostly steady in 2024, but the updated Yaris facelift came with a noticeable price bump. While its popular Corolla models maintained their previous price points, here’s how the Yaris lineup changed.

Model	Price (Dec 2023)	Price (Dec 2024)	Difference
Yaris GLI MT 1.3	4,399,000	4,479,000	+80,000
Yaris ATIV CVT 1.3	4,899,000	5,604,000	+705,000
Yaris ATIV X CVT 1.5 Black	—	6,319,000	New Variant

If you’re eyeing a Toyota, the new Yaris facelift might be worth the splurge—but for fans of the Corolla, there’s no price hike to worry about.

2. Honda:

Honda played it cool this year, with no major price changes for most of its lineup. In fact, some of their models, like the City, even saw slight price reductions.

Model	Price (Dec 2023)	Price (Dec 2024)	Difference
City M/T 1.2L	4,699,000	4,649,000	-50,000
City CVT 1.2L	4,829,000	4,689,000	-140,000
Civic RS 1.5L LL-CVT	9,899,000	No Change	—

Honda’s strategy seems to be about staying consistent, which could be good news for anyone considering a purchase.

3. Suzuki

Suzuki remained the go-to choice for budget-conscious buyers, but even they couldn’t escape price hikes in 2024. Models like the Alto and Swift saw increases, reflecting rising production costs.

For those looking at Suzuki, the price hikes may sting, but they’re still among the more affordable options.

Model	Price (Dec 2023)	Price (Dec 2024)	Difference
Alto VX	2,251,000	2,331,000	+80,000
Cultus AGS	4,366,000	4,546,000	+180,000
Swift GLX CVT	4,960,000	5,125,000	+192,000

4. Hyundai

Hyundai turned heads in 2024 with new launches and expanded electric vehicle (EV) options. Their flagship models, like the Elantra and Sonata, saw price bumps, but the debut of the Ioniq 5 EV brought excitement to the EV market.

If you’re leaning towards a greener future, Hyundai’s growing EV lineup is worth exploring.

Model	Price (Dec 2023)	Price (Dec 2024)	Difference
Elantra 2.0L	6,930,000	7,180,000	+250,000
Ioniq 5 EV	—	22,500,000	New Launch
Swift GLX CVT	4,960,000	5,125,000	+192,000

5. Kia

Kia brought a mix of price hikes and drops in 2024. While the Picanto saw an increase, SUVs like the Stonic and Sportage became more affordable.

Kia’s price reductions on SUVs make them an attractive option for families or anyone looking for a more spacious ride.

Model	Price (Dec 2023)	Price (Dec 2024)	Difference
Picanto M/T	3,350,000	3,600,000	+250,000
Stonic Ex+	6,280,000	5,500,000	-780,000

6. Haval

Haval joined the hybrid wave this year, introducing the Jolion HEV and H6 HEV. Meanwhile, prices for the Jolion 1.5T dropped slightly.

Model	Price (Dec 2023)	Price (Dec 2024)	Difference
Jolion 1.5T	8,299,000	8,028,000	-271,000
Jolion HEV	—	9,295,000	New Launch

Conclusion

2024 was a year of resilience for Pakistan’s car market. Despite economic challenges and fluctuating exchange rates, most automakers maintained a balance between price increases and new launches. Hybrid and electric vehicles took center stage, hinting at a greener future for the industry.

Whether you’re looking for affordability, luxury, or sustainability, the current market has options for everyone. As we move into 2025, the growing focus on innovation and sustainability gives car buyers much to look forward to.