Passenger car sales up 6% YoY in March, down MoM

Cars parked outside a showroom. — TheNews/File


Cars parked outside a showroom. — TheNews/File

KARACHI: Passenger car sales (PAMA members) in the country increase by 6.0 per cent year-on-year (YoY) in March 2025 while remaining lower on a month-on-month basis, data showed on Thursday.

According to the Pakistan Automotive Manufacturers Association (PAMA), passenger car sales increased by 6.0 percent in March 2025 to 8,130 units against 7,672 units in March 2024. In the first nine months of FY25, a total of 75,265 units were sold, up 39 per cent against 54,091 units sold during the same period in FY24.

March 2025 sales, however, remained lower by 8.0 per cent MoM compared with the 8,869 units sold in February 2025. According to Myesha Sohail, an analyst at Topline Securities, MoM decline was mainly due to a high base in February 2025, when car sales typically surge at the start of the year, along with lower sales and delayed deliveries during Ramazan amid shorter working hours and subdued consumer activity.

YoY growth is supported by a more stable macroeconomic environment, lower interest rates, easing inflation and improving consumer sentiment. New models and variants also played an important role in attracting demand.

During this period, sales of 1300cc and above cars were recorded at 4,485 units, up 17 per cent compared with the same month of the previous year’s sales of 3,844 units. In March 2025, 1,000cc cars recorded sales of 194 units only, (97 units each of Suzuki Cultus and Suzuki WagonR) against 669 units in the same month last year.

Below 1,000cc vehicles recorded a sale of 3,451 units, against 3,159 units last year. Besides, Dewan’s electric vehicle Honri-Ve’s production and sales were not mentioned in the data. The sale of jeeps and pick-ups increased to 2,968 units from 1,709 units sold during the same period last year.

Truck and bus sales in Mar 2025 were up 47 per cent YoY while down 5 percent MoM, reaching 460 units. This takes 9MFY25 sales to 3,365 units an 80 per cent rise from 1,869 units in 9MFY24.

Sales of tractors dropped to 1,538 units from 4,608 units in March 2024. The sale of rickshaws and motorbikes also increased to 125,311 units in March 2025 against 93,606 units in the same period last year. This excludes numbers for Royal Prince motorcycle and three wheelers as data is still awaited.

Company wise: Sazgar Engineering (SAZEW) recorded sales of 943 units in March 2025, up 87 per cent YoY and 7.0 per cent MoM, supported by sustained strong demand for HAVAL variants. Cumulatively, 9MFY25 sales surged 153 per cent YoY to 8,027 units, compared to 3,172 units in 9MFY24.

Pak Suzuki Motor Company (PSMC) posted an 11 per cent YoY increase but a 15 per cent MoM decline in Mar 2025. Models like Alto, Ravi, Swift, and Every remained in high demand. Indus Motor Company (INDU) recorded an 84 per cent YoY and 20 per cent MoM increase, driven primarily by strong performance in Corolla and Yaris models.

Hyundai Nishat saw a 19 percent YoY rise while 10 percent MoM fall in car sales and Honda Atlas Cars (HCAR) saw fall of 35 per cent YoY while 30 per cent MoM down. “Auto sales have rebounded strongly in FY25 and are expected to maintain momentum, supported by interest rate cuts, stable rupee, new model launches, and post-Ramazan delivery normalisation,” said Myesha Sohail.


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