Due to production cuts by major automakers, unprecedented inflation, and high taxes, vehicle sales fell precipitously in July 2022.
According to the most recent data from the Pakistan Automotive Manufacturers Association (PAMA), automakers (PAMA members only) sold 11,837 vehicles in total last month, a massive 58 percent decrease month over month (MoM).
2,408 vehicles were sold by Toyota Indus Motor Company (IMC), a 62 percent MoM reduction in sales. While Pak Suzuki Motor Company (PSMC) sold 6,679 automobiles with a 58 percent increase in sales, Honda Atlas Cars Limited (HACL) performed relatively better by selling 2,537 cars with a 37 percent MoM decline.
The monthly sales of some popular cars are as follows:
| Passenger Vehicle Sales | |||
| Passenger Vehicles | Units Sold in June 2022 | Units Sold in July 2022 | Month on Month %age Difference |
| PSMC | |||
| Cultus | 2,468 | 661 | -73% |
| Alto | 7,487 | 4,618 | -38% |
| Wagon R | 2,134 | 282 | -87% |
| Bolan | 1,216 | 353 | -71% |
| Swift | 1,676 | 321 | -81% |
| Toyota IMC | |||
| Corolla | 2,626 | 1,087 | -59% |
| Yaris | 1,827 | 647 | -65% |
| Fortuner | 702 | 347 | -51% |
| Hilux | 1,154 | 294 | -75% |
| Honda Atlas | |||
| Civic | 657 | 422 | -36% |
| City | 2,764 | 1,986 | -28% |
| BR-V | 482 | 129 | -73% |
| Hyundai Nishat | |||
| Tucson | 897 | 104 | -88% |
| Elantra | 490 | 0 | -100% |
| Sonata | 201 | 0 | -100% |
Automakers and analysts predicted a slump in sales due to price hikes, citing rising shipping costs, raw material costs, fuel costs, and local currency depreciation.
Some experts reckon that the sales will remain strong up until September 2022. However, the early slump is due to automakers observing non-production days (NPDs). All automakers are expecting a massive decline in demand in days to come due to crippling inflation, price hikes, and major delivery delays.
