KARACHI (Kashmir English): Pakistan auto sales experienced a sharp monthly decline in November, with total car sales plummeting 11% to 15,442 units from October’s 17,333, suggests the data from the Pakistan Automotive Manufacturers Association (PAMA).
Despite the monthly fall, year-on-year figures presented a brighter picture, up 592% from November 2024’s 10,163 units, maintained by lower interest rates and moderating inflation.
According to data compiled by Topline Securities, easing inflation, lower interest rates, and the arrival of new entrants led to the positive annual growth.
Why MoM decline in auto volumes?
Experts believe that the MoM decline in auto volumes was primarily driven by customers’ desire to delay vehicle deliveries to the next year to benefit from new-year registration.
Moreover, an 11% reduction in Pak Suzuki Motor Company’s sales also added to the overall decline, driven by lower sales of the phased-out models, including Ravi, Bolan, Every, and Wagon R.
Honda Atlas Cars led the auto market’s YoY performance with an impressive 135% jump to 2,609 units, driven by sharp recoveries in City and Civic sales.
While Civic and City models grew 134% year-on-year, their monthly numbers remained flat. BR-V and HR-V models posted 145% yearly growth, though sales dropped 31% month-on-month to 250 units.
Indus Motor Company, the assembler of Toyota vehicles, reported a 75% rise to 3,833 units, with Corolla, Yaris, and Cross models collectively rising 78% year-on-year.
However, monthly sales fell 14% to 3,236 units amid lower deliveries of Fortuner and IMV models, which declined 60% year-on-year and 24% month-on-month.
Suzuki Motor Company (PSMC), which dominates the small-car segment, recorded 23% growth to 6,615 units.
