Pakistani Vehicles Sales showed a shy sign of revival in May 2020, while the number of new Covid-19 has dramatically increased again. As a result, after the complete halt in April, 4.527 units were sold (-74.7%) in May, leading Year to Date sales to 35.722 (-65%). Suzuki lost 64.3%, holding 79.5% share.Pakistani Vehicles Market in MayThe Pakistani vehicle’s market showed a shy sign of revival in May, as the economy has slowly restarted, after the Prime Minister Imran Khan announcement about the country’s inability to financially support those who lost their jobs. Moreover, the country – which was under a nation-wide lockdown until 9 May – has registered an increase in the number of new Covid-19 cases, leading Pakistan to the 12th country for total infections. Indeed, as of 1 July 2020, there have been about 209.300 confirmed cases and 4.300 deaths in the country. As a result, after the complete halt in April, 4.527 units were sold (-74.7%) in May, leading Year to Date sales to 35.722, down 65% from the previous year.In the competitive landscape, the leader Suzuki lost 64.3% – holding 79.5% share – while Toyota and Honda imploded by near 90%.Post Covid19 Market TrendA national partial lockdown started on March 23 in Pakistan, with the aim of slowing down the spread of Covid-19. Moreover, after having initially scheduled the lockdown to last until March 31, has been extended twice, finally ending on May 9.As a result, the car market – which was already struggling – collapsed by 68.6% in March with 7.330 units sold, ending the first quarter at 32.599 (-52%).In April, only 39 units were registered (-99.8%), as lockdown measures were imposed through the month.Medium Terms Market TrendPakistani vehicles market has been unstable in the 2010-2014 period of time, registering a sharp fall in 2013, before embarking on a positive pathway in the following years. In 2017 the market was sustained by robust internal demand, reaching 247.330 sales (+18.3%), followed by the current all-time record in 2018 at 264.442 (+6.9%).However, in 2019, the market has imploded due to a tax introduction, making new car imports negligible. As a result, the Full-year ended at 186.588 units sold, losing 26.8% from the previous year.In the beginning of 2020, according to data released by the Pakistani Automotive Manufacturers Association, registrations kept an awful trend, with year to date February sales at 25.269 (-43.3%).Tables with sales figuresIn the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.This content is for members only. Visit the site and log in/register to read.
New Zealand Autos Market Report 2010-2025
Sunday October 11, 2020
New Zealand Autos Market Report 2010-2025 features historical data and insights plus professional forecast on new vehicles sales by type, manufacturer, brand and model providing an easy-to-use picture of current and future competitive landscape. Research Contents Focus2move Automotive Market Reports provide a comprehensive and extensive overview about this market including information on the cars and light commercial market […]
More random notes from all the media I’ve consumed over the past week. Here are notes from week 3, week 2, and week 1. A few posts I published recently: Ray Dalio describes the 3 forces driving our economy Select highlights from Niall Ferguson’s The Ascent of Money — Top thing I learned this week […]