Pakistan’s automotive industry has suffered a massive loss since the depreciation of the Rupee against the Dollar.
The month of August was another example of how the industry has witnessed a massive decline in car sales as demand has fallen due to the hike in prices.
A massive 41% decline in sales was reported in August 2019. Only to 10,636 units were sold compared to 17,977 units sold in August 2018.
Passenger cars sales dropped by 31% to 27,108 units compared to 39,354 units in the first 2 months of the 2018-19 fiscal year.
Below 1000cc Cars
Asides the newly launched Suzuki Alto 660cc, all other vehicles suffered a huge blow. It sold 3,435 units sold in August 2019, however, there was a 21% decrease in sales from the prior month as it sold 4,584 units in July.
1000cc Cars
Suzuki WagonR and Cultus witnessed a drop in sales by 50% from 3,830 units in 2018 to 1,934 in 2019. Whereas the Suzuki Cultus sold 1,289 units compared to 1,380 sold in August 2018. WagonR could only sell 645 units compared to 2,450 units last August.
1300cc Cars
Cars of 1300cc dropped in sales by 63% to 2,997 units from 8,028 units the previous year. Toyota Corolla saw a decline of 59% in sales whereas the Honda Civic and City saw a whopping 68% decline altogether.
Other Vehicles
Truck sales have also fallen from 615 units to 239 units. Whereas busses have fallen to 42 units from 107 units sold last year. Even 4×4 vehicles also saw a decrease of 400 units in the sale from 696 units to 296 units. Sale of tractors also decreased to 2,545 units from 7,913 units.
sales of three-wheelers (rickshaws) and motorbikes also decreased to 126,338 units from 140,243 units in August 2018.
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