Automotive gross sales for January down by 31% yr on yr

Automotive gross sales for January down by 31% yr on yr

LAHORE: The Pakistan Automotive Producers Affiliation (PAMA) has launched their gross sales for the month of January, and the outcomes are usually not fairly. Month-on-Month (MoM) gross sales have recovered from the dip seen in December with complete quantity rising 2,089 items for a 1.71% enhance. Nevertheless, January’s figures stay depressed 12 months-on-12 months (YoY) with complete trade quantity declining by 31%. Moreover, 7MFY23 quantity stands at 849,712 items offered compared to the 1,283,884 items offered over the identical interval final yr for a 34% contraction. 

Automotive gross sales for January down by 31% yr on yr

Automobile Gross sales 

Automobile gross sales took the biggest plunge on a each MoM and YoY foundation throughout the trade with contractions of 56% and 65% respectively. Throughout the automotive segments, the 1000cc section noticed the best dip with an MoM contraction of 37% and a YoY contraction of 55%. The sub 1000cc section in distinction noticed a MoM enhance of 20%, however was unable to beat its YoY quantity the place it noticed a dip of 42%

By way of gross sales by mannequin, the final decline in MoM and YoY gross sales is prevalent for nearly each automotive. The aberrations to this pattern are, a minimum of on an MoM foundation, Honda’s Civic and Metropolis, and Hyundai’s Elantra and Sonata. Honda doesn’t present disaggregated knowledge for its two sedans, and subsequently, a breakdown will not be attainable. Hyundai’s sedans, in distinction, each recorded MoM will increase. 

Essentially the most notable change is 99% MoM and YoY contraction within the gross sales of the Suzuki Alto. The automotive solely recorded 44 items offered, amounting to, maybe, the primary time it offered beneath 100 items in a month since its launch.  

Jeeps and Pickups Gross sales

The Jeeps and Pickups section recorded each an MoM and YoY enhance. The previous noticed a rise of fifty%, while the latter noticed 34%. The one car within the jeep and pickup class to see each an MoM and YoY lower was the Isuzu D-Max which noticed decreases of 54% and 28% respectively. Honda’s BR-V and HR-V autos noticed an MoM lower of simply 1%. Honda doesn’t present disaggregated knowledge for the 2 autos, and subsequently, it can’t be estimated as to which car accounted for a way a lot. 

General, each new and previous, business and passenger autos noticed will increase throughout the lineup. Essentially the most notable MoM will increase got here for Sazgar’s BJ40 and Haval lineup, and Hyundai’s Porter. On a YoY foundation, Tucson leads the best way with a YoY enhance of 359%. 

Industrial Autos Gross sales

Gross sales throughout business autos all noticed MoM will increase on MoM and YoY declines. The biggest MoM enhance got here within the Tractors section, while the biggest YoY dip was seen within the Vehicles section. 

Throughout manufacturers, the outcomes have been combined on an MoM foundation. By way of YoY gross sales, all manufacturers noticed declines. Throughout the MoM will increase, Millat Tractors noticed the biggest enhance of 340% adopted by Grasp Motors’ enhance of 279%. Conversely, the bottom YoY lower was seen by Hino which noticed a contraction of solely 18% while the biggest contraction got here was for Isuzu which noticed a 40% dip. 

Two and Three Wheelers Gross sales

The Two and Three Wheeler segments mixed recorded an MoM enhance of 5% and a YoY lower of 29%. When trying on the two segments individually, the outcomes are serendipitously completely different. The Two Wheeler section recorded an MoM lower of 1%, and a YoY enhance of 4%. The Three Wheeler section, in distinction, recorded a 94% MoM enhance, and a 19% YoY lower. 

Throughout the manufacturers working within the Two and Three wheeler area, the outcomes differed on an MoM foundation. They ranged from Sazgar seeing a 368% MoM enhance to Ravi seeing a 73% contraction.