Pakistan Autos_The year-end seasonality kicks in (AKD Daily, Dec 14, 2021)
AKD Daily
Pakistan Autos: The year-end seasonality kicks in
- The total industry sales in Nov’21 clocked in at 23,863 units (+32%YoY) compared to 26,847 units in Oct’21 (-11%MoM) owing to the year-end seasonality factor. The sales consisted of 15,351 passenger cars, growing by 29%YoY but down 12%MoM. Other sales consist of 3,363 LCVs (-6%MoM/+28%YoY), 492 trucks (+12%MoM/+93%YoY) and 4,617 tractors (-14%MoM/+43%YoY).
- 5MFY22 total industry sales ballooned by 55%YoY to stand at 133,101 units which consist of 90,312 passenger cars (+62%YoY), 18,317 LCVs (+79%YoY), 2,272 trucks (+67%YoY), and 22,003 tractors (+19%YoY). The volumes in 5MFY22 remain all time high where the low interest rate environment in 1QFY22 provided the much needed cushion to the industry combined with FY22 budgetary measures.
- Contrary to previous months, the growth was led by HCAR with 3,010 units (+13%MoM/+35%YoY) following the resumption of operations whereas other OEMs depicted a decline owing to the seasonality factor. The volumes of PSMC declined by 17%MoM to 8,522 units (+25%YoY) and the volumes of INDU declined 8%MoM but remained in line with 6-month average at 6,315 units (+28%YoY).
- Displacement wise, the 800cc segment has been hit the hardest, declining 41%MoM but grew 10%YoY basis to 3,609 units. Similarly, the 1,300cc+ premium segment declined 6%MoM to stand at 8,102 units (+30%YoY). On the flipside, 1,000cc segment swelled by 38%MoM/52%YoY to stand at 3,640 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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