Hyundai sedan sales plunge to zero

• Sales at Hyundai Nishat Motors Private Limited (HNMPL) fell by 89 percent MoM to 213 units.
• Hyundai was unable to sell even one unit of the Elantra or Sonata.
• Due to debilitating inflation, price increases, and significant delivery delays, all automakers anticipate a sharp fall in demand.

Due to production cuts by major automakers, unprecedented inflation, and high taxes, vehicle sales fell precipitously in July 2022.

According to the most recent figures from the Pakistan Automotive Manufacturers Association (PAMA), automakers (PAMA members only) sold 11,837 vehicles in total last month, a staggering 58 percent reduction month over month (MoM).

2,408 vehicles were sold by Toyota Indus Motor Company (IMC), a 62 percent MoM reduction in sales. While Pak Suzuki Motor Company (PSMC) sold 6,679 automobiles with a 58 percent increase in sales, Honda Atlas Cars Limited (HACL) performed relatively better by selling 2,537 cars with a 37 percent MoM decline.

Sales at Hyundai Nishat Motors Private Limited (HNMPL) fell by 89 percent MoM to 213 units. Hyundai was unable to sell even one unit of the Elantra or Sonata, therefore they continued to be the worst-selling vehicles.

The following list includes several well-known cars’ monthly sales:

Automobile manufacturers and experts anticipated a decline in sales as a result of price increases, citing growing transportation costs, raw material costs, fuel costs, and the depreciation of local currencies.

According to some experts, sales will continue to grow through September 2022. However, manufacturers’ observance of non-production days is what caused the early decline (NPDs). Due to debilitating inflation, price increases, and significant delivery delays, all automakers anticipate a sharp fall in demand in the coming days.

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