Karachi, March 11, 2022 (PPI-OT): Monthly Sales – Feb-22: Auto Sales down by -11%m/m; and -8% on Yearly Basis

For the month of February 2022, latest automobile sales are down to 161k units from 177k units; -11%m/m (down by -8%y/y). Similarly, sector-wise sales are up by +2%y/y during FY22TD, registering total sales of 1.44mn units compared to last year 1.41mn units.

Passenger cars segment, total sales registered an increase of 33%y/y, and is up +57%y during 8MFy22.

INDU saw a decline in sales of its Sedan, SUV and Pickup, whereas PSMC saw a major sales increase in Passenger cars sales. For HCAR sales of passenger cars dip in anticipation of model launch.

Monthly automobile sales record a -10%m/m decrease

For the month of February 2022, latest automobile sales are down to 161k units from 177k units; -11%m/m (down by -8%y/y). Similarly, sector-wise sales are up by +2%y/y during 8mFY22, registering total sales of 1.44mn units compared to last year 1.41mn units.

Segment wise, trucks and buses showed a sales decline of -30%m/m

Under passenger cars segment, total sales registered an increase of +6%m/m, bringing total sales for 8mFY22 to 149.8k units, up by +57%y/y, versus 95.1k units last year same period. Trucks and Buses, however, recorded a significant drop of 30%m/m with 546 units sold compared to 778 units last month. Moreover, during 8mFY22, total sales are up by +66%y/y to 4.39k units compared to 2.6k units reported in the same period last year. Followed by trucks and buses, Jeeps/SUV and Pickup segment remained flat at 3.6k units taking total sales for 8mFY22 to 28.4k units compared to 18.8kunits last year depicting a +52%y growth.

Tractors and 2/wheeler sales recorded -59%m/m and -10%m/m decrease

Tractors segments witnessed a -59%m/m, to 2.1kunits led by Fiat (AGTL). Two-wheeler segment reported a decline of -10%m/m (down by 11%y/y) taking total segment sales to 1.20mn units in 8mFY22 compared to 1.23mn units last year same period.

INDU: Sales declined across all variants amid lower demand

INDU sales volume declined by -32%m/m to 4.6k units (up by +6%y/y). This takes total sales of INUD during 8mFY22 to 495kunits, up by +38%y/y. Under the passenger car segment Corolla and Yaris witnessed a -34%m/m decline to 3.6k units, whereas combine units sold under the variant Fortuner and Hilux recorded a -22%m/m decrease to 984 units, however, on a yearly basis sales are up by +54%y/y.

PSMC: Major sales increase in Passenger cars sales

PSMC sales volume increased by +40%m/m to 12.7k units (up by +42%y/y). This takes total sales of PSMC during 8mFY22 to 94.4k units up by +69%y/y. Nearly all of the passenger car variants recorded an increase; Alto (up by +86%m/m), Wagon R (up by +7%m/m), Cultus (up by +44%m/m) and Bolan (up by +12%m/m). However, Ravi under pick-up segment recorded a -28%m/m decline.

HCAR: Sales of Passenger cars dip in anticipation of model launch

Sales of Civic and City for the month of Feb-22, decreased by -37%m/m to 2.3kunits. This could potentially be in anticipation of 11th generation Honda Civic model, which is expected to be launched in Mar-22. Nevertheless, this takes total sales of HCAR including BRV to 26.4k units during the period 8mFY22, up by +42%y/y.