Pakistan 2021. Market Keeps Growing Very Effectively (+89.8%), Dominated By Suzuki

498
The 2022 Suzuki S Cross
The 2022 Suzuki S Cross

Pakistani Auto market in 2021 rises by 89.8% with 242,886 sales, reporting a very strong performance all year long, with the largest increase in sales in Q2. Suzuki holds 50.6% share this year, and gains 107.9%.

Market Trend

The Pakistani car market this year recovered extremely effectively from the pandemic crash of 2020 and reported a very positive performance all year, with the largest growth in Q2 due to the low levels of Q2 2020.

The 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 192,814 units sold, losing 27.1% from the previous year.

Due to the COVID-19 pandemic sales fell in  2020. In fact, 127,939 units have been sold, reporting a decline of 33.6% compared to 2019.

In 2021 the year started positively for the Pakistan market, in fact, in Q1 56,031 units have been sold, reporting a 73.3% increase in sales compared to Q1 2020, and in Q2 sales accelerated, reporting a 249% increase in sales with 47,812 units due to the incredibly low volumes in Q2 2020.

In Q3 sales kept rising quickly, gaining 84.4% sales with 70,623 units, and in Q4 sales increased by 56.9% with 68,420 units.

Indeed, Full-Year sales for 2021 have been 242,886, reporting a 89.8% increase compared to 2020.

Pakistan quarterly sales variation
Pakistan quarterly sales variation

Brand-wise, this year the leader Suzuki (+107.9%) gained 3.7% market share, followed by Toyota (+71.5%), which lost 3.5% share. Honda lost 3% share, gaining 59.3%. 

Hyundai remained in 4th place (+372.6%), followed by Isuzu -up 1 spot- which reported the best performance by gaining 459.1%. Master gained 131.8%, followed by Hino -down 2 spots- which gained 19%, Jac which rose 83.2% and BAIC.

The most sold vehicle this year has been the Suzuki Alto (+128.6%) with 53,887 units sold, followed by the Toyota Yaris, which gained 102.3% registering 28,673 new sales this year. The Toyota Corolla (+37.2%) closes the podium and reports 25,831 new units sold.

Tables with sales figures

In the tables below we report sales for all Brands, top Manufacturers Group and top 10 Models.

This content is for members only.
Login Join Now