Sales of cars, sports utility vehicles (SUVs), pickups and vans stood at 8,589 units in July, up 60 percent year-on-year and down 36 percent month-on-month.
The decline in car sales in July can be mainly attributed to the increase in the withholding tax rate implemented in the FY 2025 budget, resulting in higher purchases in the last month of FY 2024, which led to June Sales hit an 18-month high.
According to data released by the Pakistan Automotive Manufacturers Association (PAMA), sales of Toyota Corolla, Toyota Yaris, and Corolla Cross reached 1,106 units in July 2024, as against 1,67 units in July 2023. , Toyota Fortuner and Revo sales increased by 301 units to 558 units in the said period, however Indus Motor Co.’s total sales were down 44% on month-on-month basis in July.
Honda Civic and City sales increased to 790 units in July 2023 from 208 units while Honda BRV and HRV sales decreased to 141 units from 286 units, Honda Atlas sales down 15% month-on-month in July. was
Suzuki Swift sales reached 502 units in July 2024, as against 249 units in July last year, while sales of Suzuki Cults and Wagon R declined to 96 and 139 units respectively, as against 177 and 245 units in July 2023. left
Hyundai Elantra, Sonata and Tucson sales declined to 33, 34 and 113 units in July 2024 from 80, 90 and 328 units respectively, while Hyundai Porter sales increased by 71 units to 349 units in the said period. .
Motorcycle and rickshaw sales were recorded at 84,993 units in July, down 5% month-on-month but up 15% year-on-year.
Sales of trucks and buses rose 3 percent month-on-month and 57 percent year-on-year to 307 units in July.
