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In December-21, Pakistan’s auto sales are expected to reach 28,500 units, up 39 percent year on year

Due to improvements in the supply chain, Pakistani car sales are predicted to climb by 39% MoM to 28k units in December 2021. This will bring 1HFY22 volumes to 143.6k units, up 67 percent year on year, thanks to (1) tax relief promised in the FY22 budget, (2) the introduction of new models, and (3) a pick-up in overall economic activity.

Also read: a new policy on automobiles

Despite an increase in the interest rate from 7% on July 1, 2021 to 9.75% on December 15, 2021, vehicle financing in Pakistan has continued to grow, reaching an all-time high of Rs349 billion in Nov-21, up 42 percent year on year.

Pak Suzuki (PSMC) is expected to record highest monthly sales of 15,300 units; up by 80% MoM mainly due to resumption of their halted production.

Strong interest in the newly launched City will bode well for Honda Atlas Car’s (HCAR) sales as they are anticipated to increase by 50% MoM. Whereas, Indus Motors (INDU) is expected to post decline of 5% MoM to ~6k units.

Kia Lucky Motors (KIA) sales is expected to remain stable MoM at ~2,500 units while registering an growth of 72% YoY.

Also read: In the face of growing expenses, automakers are considering raising prices

Pakistan Car sales on yearly basis for the month are expected to post a 103% growth in Dec-2021 due to low base effect.

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