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Car sales in Pakistan declined by 66% in December 2023

Car sales in Pakistan declined by 66% in December 2023
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Car sale in Pakistan: Sales Figures and Comparison

Car sale in Pakistan: Sales Figures and Comparison
bolnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bolnews.com Daily Mail and Mail on Sunday newspapers.

CORPORATE WINDOW: Pre-budget dejection - Newspaper

As competition increases, established car manufacturers see dip in sales

Almost all established automobile manufacturers in Pakistan, known as the big three, saw their sales drop in November 2021 as the arrival of new companies intensified the competition. Numbers show that Indus Motors’ sales drop by 8% and Pak Suzuki Motors saw a decline of 17%. Only Honda saw its sales rise by 13% primarily because it sold more units of BRV, its flagship SUV. The drop in the sales of big manufacturers has been attributed to the availability of more vehicles available to buyers due to the arrival of companies like KIA Motors, MG Motors and Changan in the market. People are moving away from popular car models like Honda s Civic and City, Toyota s Fortuner and Yaris.

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