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Auto Industry: Passenger cars sales grow by a mere 1% in October 2020

November 11, 2020 (MLN): The sale of passenger cars during the month of October 2020 was recorded at 11,997 units against a total production of 11,601 units, showing a marginal growth of 1% MoM as compared to the 11, 860 units sold in September 2020.

According to a monthly report released by the Pakistan Automotive Manufacturers’ Association (PAMA), the highest volumetric sales in percentage terms were made within the '1300 cc and Above' category as passenger cars’ sales were up by 4% and clocked in at 6,410 units. Within this category, Toyota Yaris saw a 26% MoM increase in sales, standing at 3,058 units, followed by Toyota Corolla with 8% (1,314 units sold).

During October, the '1000 cc' category witnessed the second-highest growth in sales i.e up by 3% MoM to 2,014 units. Within this category, Suzuki Cultus recorded a 4% MoM increase, selling 816 units, followed by Suzuki WagonR with 3% MoM that sold 1,198 units.

On the contrary, the ‘Below 1000cc’ category witnessed a negative growth of 4%, wherein a sale of 3,573 units was recorded. In absolute values, Suzuki Alto recorded the highest sales at 2,893 units, followed by Suzuki Bolan which sold 680 units. No sales for Suzuki Mehran were seen during the month.

As per figures released by PAMA, the total number of trucks sold in October 2020 stood at 321 units, showing a decline of 6% MoM against 342 units sold in the previous month. Isuzu appeared as the best-selling truck, with sales of 177 units during the month of October, with MASTER following the lead with sales of 72 units.

In percentage terms, HINO recorded the highest growth in volumetric sales, up by 27% MoM to 66 units.

The overall sale of buses was recorded at 45 units, which signifies an increase of 5% MoM. Within this segment, MASTER made the maximum sales at 18 units, while HINO took the second spot by selling around 14 units during the period under review.

Copyright Mettis Link News

Posted on: 2020-11-11T18:35:00+05:00

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