Pakistan Auto Sales remain robust in 2MFY22, (AKD Daily, Sep 14, 2021)
AKD Daily
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.
AKD Research
Pak Suzuki Motor is engaged in assembling, progressive manufacturing and marketing of Suzuki cars, pickups, vans, and 4X4 vehicles. Co.'s product models include Baleno, Margalla, Mehran, Kyber, Ravi Pickup, Bolan Van and Potohar Jeep.
AKD Securities Ltd. is one of the leading securities firm in Pakistan, providing a comprehensive range of investor focused services, including equity brokerage, economic and securities research, investment banking and financial advisory services. AKD Securities accounts for more than 6% of the average daily value of the Karachi Stock Exchange. AKD Securities was the first brokerage house to launch an online trading platform in Pakistan in November 2002 and now has the largest market share with over 6000 customers. This has helped diversify and expand the retail investor base in the country and ushered in a whole new universe of investors to the stock market.
AKD Securities Ltd. caters to a diversified group of domestic and international institutional investors, high net worth individuals and upscale retail clients, including expatriate Pakistanis. With high quality research, unparalleled execution and distribution capability for both regular and large block trades, AKD Securities Ltd. has earned an outstanding reputation in the Pakistani securities industry.Outside of commercial banks, AKD Securities Ltd. is one of the biggest capital market firms in the country. AKD Securities is the leader in raising and providing risk capital in underwriting, market making and mergers and acquisitions in Pakistan. Good corporate governance and professionalism are emphasized throughout the firm and AKD Securities Ltd. is amongst the very few companies to have introduced a firm-wide comprehensive CODE of ETHICS, overseen by an independent compliance manager.Ultimately, our success is based on the quality of service we provide to our customers and the trust and confidence reposed in us by them. Our focus, therefore, remains on customer satisfaction at all levels in the company.
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