Karachi, September 14, 2021 (PPI-OT): Pakistan Auto Sales remain robust in 2MFY22

The total industry sales in Aug’21 clocked in at 25,679 units (+73%YoY) compared to 29,593 units in Jul’21 (-13%MoM). The sales consisted of 17,908 passenger cars, a contraction of 13%MoM after hitting abnormally high volumes in Jul’21. Cumulative 2MFY22 sales, on the other hand, ballooned by 82%YoY. Other sales consist of 3,852 LCVs (-9%MoM/+107%YoY), and 553 trucks (73%MoM/148%YoY).

2MFY22 total industry sales of 55,272 units (+82%YoY) consist of 38,577 passenger cars (+93%YoY), 8,101 LCVs (+139%YoY) and 873 trucks (+98%YoY), hitting all time high in the back of price reductions, handsome GDP growth, low interest rate environment and rising farmers’ income.

Amongst major OEMs, PSMC/INDU registered sales of 12,071/5,639 units, down 20/60%MoM but up 101/71%YoY. The volumes of HCAR, on the other hand, grew by 40/43%MoM/YoY as the company started delivering the 6th Generation City. During 2MFY22, the sales of PSMC/INDU/HCAR stand at 27,252/12,354/5,537, up 148/68/17%YoY.

In terms of displacement wise sales, the sales of 1,300CC+ segment stood flat at 7,247 units whereas the 1,000/800CC segment contracted by 29/13%MoM but rose by 113/104%YoY to clock in at 4,533/6,128 units.