Car sales grow by 6% MoM in February

March 10, 2022 (MLN): The sale of passenger cars witnessed a rise of 6% MoM during February 2022, clocking in at 18,054 units as opposed to 16,985 units sold in January 2022, the monthly data from the Pakistan Automotive Manufacturers Association (PAMA) showed on Thursday.

This increase in sales may be attributed to low base and renewed demand for low-end cars due to fuel efficiency.

On yearly basis, car sales saw an upsurge of 33% YoY when compared to 13,570 units sold in February 2021.

This took 8MFY22 volumes to 149,813 units, recording robust growth of 57% YoY driven by the launch of new models, and pickup in overall economic activity during the ongoing fiscal year.

Going by the details made available by PAMA, the total production of passenger cars was recorded at 18,263 units in February 2022.

During the month of February 2022, the 'below 1000 cc' category took a lead as auto sales were recorded at 8,245 units within this category. Segment-wise, Suzuki Alto recorded the highest sales at 7,175 units, followed by Suzuki Bolan which sold 1,070 units in the said month.

The second-highest number of sales was made within the '1300 cc and above' category at 6,471 units, down by around 32% MoM while up by 6% YoY. Within this category, Toyota Corolla and Yaris registered sales of 3,646 units, down by 34% on a sequential basis. Honda Cars (Civic and City) recorded sales at 2,286 units, which declined by 37% MoM.

This was followed by Hyundai Elantra and Hyundai Sonata which sold 312 and 226 units, respectively.

The ‘1000cc' category took the third spot as the units sold during the month of February were 3,338. In terms of growth, the volumetric sales surged by 23% MoM and 45% YoY. Within this category, Suzuki Cultus recorded the highest sales at 1,692 units, followed by Suzuki WagonR which sold 1,646 units.

Meanwhile, the sales of trucks witnessed a 27% MoM decline in February 2022 to stand at 501 units, compared to 690 units sold in the previous month. Isuzu emerged as the best-selling truck, with sales of around 276 units during the month, followed by MASTER with 124 units. HINO and JAC made sales of 84 units and 17 units, respectively.

Similarly, the overall sale of buses also fell by 49% MoM during the review month to clock in at 45units. Within this segment, Master made the maximum sales at 35 units while HINO recorded sales of 10 units.

Cumulatively, total sales of trucks and buses during the month clocked in at 597 units against the production of 546 units while sales of two and three-wheelers were recorded at 136,527 units.

According to the data, LCVs, Vans, and Jeeps observed sales of 3,610 units, showing a marginal drop of 0.4% MoM during the period under review.

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