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Pakistan 2020. In May vehicles sales fell 74.7% while Suzuki detained near 80% share

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.

Balaji’s crazed wisdom on Howard Lindzon podcast: “There will be both deflation in wants and inflation in needs”
Tuesday November 03, 2020

Balaji appeared on Howard Lindzon’s Panic With Friends recently and I took a bunch of notes and wanted to share them here. As usual Balaji is going 150mph and some of his insights are pretty out there, but clearly the product of deep thought and research. So I need to review what he says multiple […]

Some more great quotes from Thoreau’s Walden
Thursday November 05, 2020

I’ve been re-reading and wanted to share a few new favorites: One farmer says to me, “You cannot live on vegetable food solely, for it furnishes nothing to make bones with”; and so he religiously devotes a part of his day to supplying his system with the raw material of bones; walking all the while […]

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The post Balaji’s crazed wisdom on Howard Lindzon podcast: “There will be both deflation in wants and inflation in needs” appeared first on Celadon Saigon.