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Suzuki Sales Reached Record Low For 2 Years Since May 2020

With sales at a two-year low for Pak Suzuki, the decline in auto sales is still ongoing.

Pak Suzuki Motor Company sold slightly fewer than 4,000 units in August 2022.

Since May 2020, this is the company’s worst month for sales (the peak of COVID-19).

As a result, Pak Suzuki revenues decreased by 75% month over month (MOM).

The lack of approval of the letter of credit (LC) for the clearing of CKD kits and limits on imports into the auto sector are the main causes of the decline.

To combat the ongoing inflation, this problem caused the auto industry to reduce output. A further factor in the reduction in demand is the recent price increases.

Automakers worry about another round of price increases after another drop in the value of the local currency.

A bad year may be in store for Pakistan’s car sector as a result of the long-standing delivery delay issue, as well as production suspensions and price increases.

Related:

Suzuki Announces PKR 1.5 Crore For Flood Victims Across Pakistan

Boycott Pak Suzuki Trending In Pakistan After Delayed Deliveries

Suzuki Experiences a Significant Drop in Sales in July 2022

Pak Suzuki Post Big Loss In Half Yearly Results

Suzuki Motors also announced a reduction in car prices

Toyota Initiates Decreased Car Prices Drive In Pakistan

Up to Rs1.2m price hike shocks Toyota buyers

Honda Atlas has joined the price increase movement by revising its car prices for the fourth time in 2022 and Civic new prices got increase by more than a million.

Honda Profits Declining by 33% In First Fiscal Quarter

Honda Decrease Costs By As Much As PKR 550,000

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