Total Cars Sold in April-May 2023 in Pakistan-PAMA Report

The Pakistan Automotive Manufacturing Association (PAMA) has recently disclosed the Month on Monthly (MoM) report for auto sales in Pakistan which shows a relative increase in sales compared to the prior month of March and April. As the economy pushes firms up so does the automotive sector of Pakistan. The reports affirmed a 19% increase in sales with huge sales of 5,290 in May to 4,463 vehicles in the month of April.

PAMA Sales Report May 2023

Year-on-Year Sales Comparison

While the month-on-month sales figures present an optimistic outlook, the year-on-year comparison reveals a decline in car sales. In May 2023, the overall sales dropped by a staggering 77% when compared to the same month in 2022. The number of units sold decreased from 22,893 to 5,290, signaling a challenging period for the automotive industry in Pakistan.

As some companies make the grade while some show a shortfall in sales trajectory for the month of May 2023 with the data below;

• Suzuki Year on Year sales declined by up to 935%
• Honda Year on Year sales  decreased by up to 98%
• Hyundai Year on Year sales declined by up to  88%
• Toyota's Year on Year sales declined by 61%

Conclusion

The PAMA report provides valuable insights into the state of car sales in Pakistan. While the month-on-month sales exhibit positive growth, the year-on-year comparison highlights the challenges faced by the industry. It is crucial for car manufacturers to adapt and innovate to meet the changing demands of consumers. The automotive sector, with its ups and downs, remains a significant contributor to Pakistan's economy. As we move forward, let's anticipate further developments and advancements in the industry, working towards a prosperous future for the automotive sector in Pakistan.