Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Pakistan’s Automotive Industry: A Year-on-Year Decline Amidst Monthly Upticks
PhotoNews PakistanPhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Pakistan car sales
PhotoNews Pakistan > Business > Pakistan’s Automotive Industry: A Year-on-Year Decline Amidst Monthly Upticks
Business

Pakistan’s Automotive Industry: A Year-on-Year Decline Amidst Monthly Upticks

Web Desk
By Web Desk Published October 12, 2023 2 Min Read
Share
SHARE

In September 2023, Pakistan’s automotive industry faced a sharp 30% year-on-year dip in car sales, with only 6,410 units sold compared to 9,213 units in September 2022. This decline has been attributed to high prices and interest rates.

However, compared to August 2023, there was an 8% increase, mainly due to the removal of import restrictions. For the first quarter of the fiscal year 2023/24, sales plummeted by 44% to 16,021 units from 28,571 units during the same period in the prior year.

Category and Manufacturer-specific Insights

Breaking down the sales further by engine capacity, vehicles with 1,300cc & above experienced a 38% year-on-year reduction. Those with 1,000cc faced a more pronounced decline at 54%, and vehicles below 1,000cc saw a 7% decrease. In terms of commercial vehicles, the sales of buses and trucks declined by 51%, whereas jeeps & pick-ups dipped by 8%. Contrarily, tractors witnessed a staggering 153% increase in sales year-on-year.

Additionally, two-wheeler segments like rickshaws and motorbikes saw a 7.5% year-on-year uptick in sales. Among specific manufacturers, Honda Atlas Car (HCAR) enjoyed a 99% month-on-month growth, while Pak Suzuki (PSMC) observed a slight 1% month-on-month decline. Analyst Sunny Kumar pointed out that the monthly car sales hike could be credited to resolving import issues for CKD kits. In contrast, rising car costs, expensive financing options, and weakened consumer purchasing power influenced the annual decline.

TAGGED:FeaturedPak­istan
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

FBR tax evasion 2025

FBR Flags 20+ Taxpayers for Millions in Undeclared Assets in 2025

Canva outage 2025

Canva Faces Global Outage, Disrupting Design Access for Users

gold prices Pakistan October 20 2025

Gold Prices Drop in Pakistan and Globally on October 20, 2025

Post Archives

More Popular from Photonews

Pakistan vs South Africa WTC 2025–27
Sports

Pakistan Defeat South Africa by 93 Runs in WTC 2025–27 Opener

3 Min Read
Babar Azam fan breaches security
Sports

Teen Fan Breaks Security at Gaddafi Stadium to Meet Babar Azam

3 Min Read
Meta From the River to the Sea
Tech

Meta to Shut Down Messenger Desktop Apps for Windows and Mac in December 2025

1 Min Read
Sports

India vs Australia ODI Series 2025: Last Chance to See Kohli and Rohit?

The India-Australia ODI series kicks off on October 19, 2025, in Perth, and it might be…

October 18, 2025
Sports

Pakistan’s Usman Wazeer to Defend WBC Title in November 2025

Pakistan’s unbeaten boxing sensation Usman Wazeer announced he will defend his WBC OPBF Silver title on…

October 14, 2025
Sports

India-Australia Cricket Rivalry Heats Up with Controversial Kayo Promo

The India-Australia white-ball series, starting October 19, 2025, is already simmering with off-field drama. Kayo Sports'…

October 17, 2025
Offbeat

Trump Reacts to No Kings Protests with AI Flying ‘KING TRUMP’ Jet

US President Donald Trump responded to the nationwide No Kings protests with an AI-generated video on…

October 20, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?