Pakistan 2023. Vehicle Market Falls Drastically (-69.0%).

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The 2023 Toyota Corolla Cross
The 2023 Toyota Corolla Cross

Pakistani Vehicles Sales keep falling drastically. In 2023 the vehicle market totalled 81,587 total sales, down 63.7%. Market leader Suzuki down 69.0%.

Market Trend and Outlook

The Pakistani Vehicle Market, in fact, hasn’t yet recovered, with sales in 2023 continuing to fall for the second consecutive year, with YTD figures at 81,587 units (-63.7%). December continues a 18 month negative string, accumulating only 5,705 and down 66.3%.

Looking at cumulative data up to December 2023 brand-wise, the leader is Suzuki, in 1st with 38,990 sales (-69.0%), in front of Toyota at 19,995 (-63.5%), Honda  with 10,661 new registrations (-65.6%) and Hyundai with 8,763 units sold (-32.0%).

Haval rises 2 spots into 5th with 2,475 sales, Chery follows in 6th with 562 new registrations and BAIC -down 2 spots- in 7th with 141 units sold (-62.2%).

Looking at specific models the Suzuki Alto is the best seller with an 68.1% year-on-year loss in volume, followed by the Toyota Corolla down 69.5%.

Tables with sales figures

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

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