Pakistan Auto_Sales surged 91%YoY in Jul'21 , (AKD Daily, Aug 13, 2021)
AKD Daily
Pakistan Auto: Sales surged 91%YoY in Jul’21
- The total industry sales in July’21 clocked in at 29,593 units (+91%YoY) compared to 19,173 units in June’21 (+54%MoM). The sales consisted of 20,669 passenger cars, a whopping increase of 79%MoM/104%YoY where the upsurge in offtake was on the back of price reductions and deliveries that were supposed to be received in June. Other sales consist of 4,249 LCVs (+95%MoM/177%YoY), and 320 trucks (-9%MoM/47%YoY).
- 7MCY21 total industry sales of 162,356 units (+106%YoY) consist of 104,825 passenger cars (+121%YoY), 21,536 LCVs (+159%YoY) and 2,365 trucks (+48%YoY), showing a sharp recovery in demand after hitting the rock bottom in CY20 on the back of industry shutdowns due to Covid-19.
- Amongst major OEMs, PSMC/INDU recorded highest ever monthly sales with 15,181/6,715 units, up 197/48%MoM and 204/66%YoY whereas HCAR remained laggard at 2,307 units, down by 30MoM/6%YoY. During 7MCY21, the sales of PSMC/INDU/HCAR stand at 65,277/37,812/17,932, up 38/107/67%YoY.
- In terms of displacement wise sales, the sales of 1,300CC+ segment stood nearly flat at 7,265 units whereas the 1,000CC segment propelled by 103%MoM/286%YoY to stand at 6,344 units whereas 800CC and below segment stood out by increasing 403%MoM/164%YoY to top out at 7,060 units.
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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.
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