Car sales declined 58% to just 11,883 units in July 2022

car sales

The current economic uproar, which is being driven by the dollar rate setting records, new taxes, rising inflation, and back-to-back price increases announced has destroyed peoples’ purchasing power, which in turn has decreased car sales. 

While the failure to issue LCs fueled the unrest and forced local automakers to reduce production days, which had an immediate impact on sales figures. 

According to PAMA report, the number of vehicles sold in July was 11,883 compared to 28,379 in June 2022. 

Company-Wise Car Sales Breakdown 

The lowest figures were recorded by Toyota Indus, which saw a substantial decline in sales of its popular automobiles, the Corolla/Yaris and Fortuner/Hilux, as a result of July 2022’s production-free days. In contrast to the 6309 units sold in June 2022, the company recorded sales of 2,375 units last month. 

Meanwhile sales of the Honda Atlas dropped from 6,903 units in June to 2,537 units. (Decline MoM: 35%) 

The very same thing happened with the Hyundai Nishat. The company saw a sharp decline, selling 201 units in July 2022 as opposed to 1,871 units in June 2022. (Decline MoM: 89%) 

Read more: Car sales surged 55% to all-time high of 279,700 units in FY22

On the other hand, the Pak Suzuki Motors Company (PSMC), reported the lowest monthly sales with 6,679 vehicles sold. (Decline MoM: 58%) 

It is important to note that none of the other automakers—Kia Lucky, Master Changan, Regal, MG, and Al-Haj Proton—are PAMA members. The PAMA report does not include their sales figures. 

Car-Wise Sales Breakdown 

Here is the MoM comparison of all the above sales. 

Car Model June’22 July’22 Difference 
Suzuki Alto 7487 4618 -38% 
Suzuki Cultus 2468 661 -73% 
Suzuki Wagon R 2134 282 -87% 
Suzuki Bolan 1216 353 -71% 
Suzuki Swift 1676 321 -81% 
Toyota Corrolla & Yaris 4453 1734 -61% 
Toyota Fortuner & Hilux 1856 641 -65% 
Honda Civic & City 3421 2408 -30% 
Honda BR-V 482 129 -73% 
Hyundai Tucson 897 104 -88% 
Hyundai Sonata 201  
Hyundai Elantra 490  
Hyundai Porter 283 -66% 

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