LAHORE MIRROR — Car sales in Pakistan recorded an increase of 49% on a month-on-month (MoM) basis in August 2023.
The significant MoM jump in car sales is due to easing of CKD (completely knocked down) imports, according to industry experts.
As many 7,579 units were sold during the last month, data from the Pakistan Automotive Manufacturers Association (PAMA) showed on Monday.
However, car sales (including LCVs, vans, and jeeps) were 36% lower on a year-on-year (YoY) basis. In August 2022, sales were recorded at 11,789 units.
Pak Suzuki (PSMC) posted the highest increase of 75% MoM, selling 4,268 points in August 2023. The increase was mainly due to higher sales of its Swift (+103% MoM), Alto (+92 MoM), and Cultus (+72 MoM).
Hyundai sales were also up 37% MoM, where Tucson sales were up 42% MoM to 465 units in August.
Honda Atlas Car (HCAR) recorded an increase of 36% MoM to 674 units in August. Indus Motors (INDU) sales were up 13% MoM, led by increased sales of Fortuner and Hilux by 43% MoM, during August.
