Pakistan Car Sales Reach 201,151 Units In 11MFY2015-16 – A New High!

[Max Pain]

Pakistani car industry touched a new milestone with the sales of 167,507 units of cars in a fiscal year (July to May). In last fiscal year (FY14-15), a total number of sold cars stood at 136,723 unit. That is an increase of 47%. And if you add locally assembled pickups and light commercial vehicles, the sales figures go to 201,151 units in the 11 months of the current fiscal year. That is as increase of 24% from the previous financial year (162,151 units in 11MFY14-15) to this financial year.

Honda Atlas
Honda Pakistan is selling cars in three engine cc categories. Honda City comes with both 1300 and 1500cc engines, whereas the Honda Civic is offered with an 1800cc engine. The cumulative sum of cars sold in 11MFY15-16 by Honda stands at 23,800 units. In the corresponding years of previous fiscal year, the number stood at 21,134 units. That is an increase of not very impressive 12.6%. But considering most of its sales come from Honda City, the percentage doesn’t look that bad. People had stopped buying 9thgeneration Honda Civic amidst the news of the 10thgeneration Honda Civic. So most of the Honda Atlas sales come from its smaller car, the Honda City.

Also Read: 2016 Honda Civic In Pakistan – This is It!





Toyota Indus Motors
Toyota Pakistan is selling Corolla sedan with the variety of engines. It comes with a 1300cc engine, 1600cc and the top of the line Corolla Grande with the 1800cc engine. Toyota posted a number of 53,410 units of Corolla sold in eleven months of FY15-16. In July-May 2014-15, Toyota managed to sell 46,680 units. That is an increase of 14.4%. Considering the new 2016 Honda Civic is about to be launched in Pakistan, let’s see if the sales of Corolla take a hit. Toyota Fortunersales dived from 668 units sold in last fiscal year to 518 unit in this fiscal year.



Pak Suzuki
Pak Suzuki Motors posted the figure of 118,629 units sold in July-May 2015-16. In the previous year (11MFY14-15), the company was able to sell 89,084 unit. That is an increase of 33%. Pak Suzuki was greatly helped with the launch of Punjab Taxi Scheme. Suzuki Mehran sales went from 27,580 to 34,691 units, posting an increase of 25.7%. PTS also helped boost the sale of Suzuki Bolan and Suzuki Ravi. On a percentage basis, WagonR was sold the most; 4,707 unit to 8,490 is an increase of astonishing 80%.



The improved sales are generally being attributed to low-interest rates helping people to buy new vehicles on auto financing, and Punjab Taxi Scheme. Punjab Taxi Scheme worked especially in the favor of Pak Suzuki.

As far the motorbikes are concerned, Atlas Honda was able to sell as many as 748,911 units in 11MFY15-16 compared to 591,494 unit in July-May 2014-15. That is an increase of 26.6%. Suzuki sold 16,099 July-May 2015-16 whereas the new entrant Yamaha sold 15,239 units in the same time period.

Pakistani auto sector is no doubt in healthy condition. But let’s see if the trend of high car sales continues for FY2016-17 as well. The new auto policy and new fixed rates on imported cars are definitely going to have an impact on the sales of locally manufactured cars.

http://www.pakwheels.com/blog/pakistan-car-sales-reach-167507-units-in-11mfy2015-16-a-new-high/

 

[VCheng]

Pakistani auto sector is no doubt in healthy condition.

Healthy? Eh? For a country of about 200 million, about 175k sales per year is pretty small.

 

[Max Pain]

Healthy? Eh? For a country of about 200 million, about 175k sales per year is pretty small.

Compared to previous years, YES!
Gotta start somewhere, its growing at a good rate which is something healthy.
Hopefully it'll continue.

 

[VCheng]

Compared to previous years, YES!
Gotta start somewhere, its growing at a good rate which is something healthy.
Hopefully it'll continue.

Yes, it is better to say that there is great room for growth.

But the policies in place make realizing the increases unlikely, so the industry is not healthy at all.

 

[Max Pain]

Yes, it is better to say that there is great room for growth.

But the policies in place make realizing the increases unlikely, so the industry is not healthy at all.

The policies in place will still ensure growth, it just wont ensure an increase in quality but if the political situation and security situation keep on improving like it is nowadays, the growth is bound to increase.

Surely if consumer focused policies are implemented their would be drastic improvements but atleast thats a start.

 

[VCheng]

The policies in place will still ensure growth, it just wont ensure an increase in quality but if the political situation and security situation keep on improving like it is nowadays, the growth is bound to increase.

Surely if consumer focused policies are implemented their would be drastic improvements but atleast thats a start.

So when is the new policy actually delivering cars by new entrants into the market over and above the hot air? Any news?

 

[JohnyD]

For any country's growth, Auto and Real Estate play a great role..!

 

[Max Pain]

So when is the new policy actually delivering cars by new entrants into the market over and above the hot air? Any news?

Afridi has been working in partnership with Chinese manufacturers since the early 2000s. His business relations with several Chinese firms, such as Haier, have given him the confidence to plan new joint ventures with them. “By next year, we planto bring a Chinese car-maker into Pakistan besides starting local production of mobile phone handsets [with Chinese help],” he says

Source: https://defence.pk/threads/mother-c...-sweeps-across-pakistan.432837/#ixzz4BTbZWiy3

For any country's growth, Auto and Real Estate play a great role..!

Indeed, atleast the real estate sector is booming here but auto is leaps behind if we look at out neighbors.

 

[VCheng]

Afridi has been working in partnership with Chinese manufacturers since the early 2000s. His business relations with several Chinese firms, such as Haier, have given him the confidence to plan new joint ventures with them. “By next year, we planto bring a Chinese car-maker into Pakistan besides starting local production of mobile phone handsets [with Chinese help],” he says

Source: https://defence.pk/threads/mother-c...-sweeps-across-pakistan.432837/#ixzz4BTbZWiy3


Indeed, atleast the real estate sector is booming here but auto is leaps behind if we look at out neighbors.

So still all hot air and no actual cars from new entrants?

 

[Max Pain]

So still all hot air and no actual cars from new entrants?

Yes still hot air and no actual cars, gotta be patient tho, its been a few months since they announced the new policy, you wont all of a sudden see new cars.

Atleast judging from the History of Mr Afridi who did indeed bring local manufacturing of Haier to Pakistan id expect the same to repeat.

 

[VCheng]

Yes still hot air and no actual cars, gotta be patient tho, its been a few months since they announced the new policy, you wont all of a sudden see new cars.

Atleast judging from the History of Mr Afridi who did indeed bring local manufacturing of Haier to Pakistan id expect the same to repeat.

Lets see whether the cars come into the market first or the JF-17s are actually exported. Good things take time I know. Let's see when it actually happens. Good Luck!

 

[Max Pain]

Lets see whether the cars come into the market first or the JF-17s are actually exported. Good things take time I know. Let's see when it actually happens. Good Luck!

Lets hope for the best, thats all I can do.
Thanks.

 

[Winchester]

Healthy? Eh? For a country of about 200 million, about 175k sales per year is pretty small.

The number is of car sales by local assemblers.

Considering the amount of imported cars you would see these days the number would be greater.

 

[VCheng]

The number is of car sales by local assemblers.

Considering the amount of imported cars you would see these days the number would be greater.

By how much? I already bumped up the estimate to take such sales into account. For comparison, Indonesian sales are in a month what Pakistan sales are for the whole year, roughly.

 

[Winchester]

By how much? I already bumped up the estimate to take such sales into account. For comparison, Indonesian sales are in a month what Pakistan sales are for the whole year, roughly.

Obviously Indonesia is a much bigger economy.... Besides Cars are a product for the middle class in Pakistan.

For the lower middle class bikes are the go-to option....hence the huge number of bike sales in the country.

Can't find the exact number but obviously people would be prefering a 3 year old Japanese assembled car in the same price range as opposed to a locally assembled one.
An example would be Vitz versus the locally assembled swift.