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.
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.
