Pakistani – Rich getting More Rich


AUTO MARKET STORY
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Categories : Economy , Market Research , Politics

AUTO MARKET STORY AND RESEARCH

The automobile industry is a capital-intensive and knowledge-intensive industry, plays an important role in the country’s socio-economic development. The alignment of forces in the automotive market is constantly changing. The role of the automobile industry in the development of the modern economy and the prospects for its development is determined by the place of motor transport in the infrastructure of the national economy.

According to international estimates, the average annual turnover of the world automobile industry is more than 2.75 trillion. Euro,2 which corresponds to 3.65% of world GDP. In the automotive industry over the last ten years (2007-2017) there was a 25% increase in production. Cars are one of the world’s largest export products, surpassing oil revenues, for example, world car exports by country3 in 2016 estimated at 698.2 billion dollars.

I researched the falling socioeconomic status of Pakistani households through Vehicles sales trends. Motorbike and the continuing financial burden that Motorbike present for low-income households that own them. I tie both these trends to the auto-orientation of Pakistani environment, which forces people to either spend  on motorbike or risk being locked out of the economy. I analyzed that motorbike access remains difficult for low-income households and its operating costs are high and getting more high.

On the contrary, the car sales in Pakistan going up with speed. The following numbers of vehicles sales will tell you whole story.

Vehicles Sales Stats:

Brands

Sales

Year  20-21

Year 21-22

BAIC D20

                 –          2,594

Honda Cars (Civic & City)

         22,450

        31,776

Hyundai Elantra

              585

          3,120

Suzuki Alto

         36,504

        63,711

Suzuki Bolan

           8,009

        11,145

Suzuki Cultus

         15,240

        20,701

Suzuki Swift

           2,108

          4,514

Suzuki WagonR

         11,805

        20,997

Toyota Corolla & Yaris

         42,912

        52,075

Total Cars Local

       139,613

      210,633

TOTAL SUVs Local

      16,842

     17,056

2/3 Wheelers Sales – Years 21-22

Brands

Year  20-21

Year 21-22

Honda      1,182,095      1,249,614
Qingqi                 30                 68
YAMAHA           19,324           21,496
Ravi             5,788             3,160
Road Prince         131,171           84,251
Suzuki           22,085           34,578
United Auto         341,151         248,670
TOTAL  Two Wheeler      1,701,644      1,641,837
Qingqi Three Wheeler           16,908           12,898
Road Prince ThreeWheeler             8,873             7,783
Sazgar Three Wheeler           13,723           13,886
United Auto Three Wheeler             6,194             2,853
TOTAL  Three Wheeler           45,698           37,420
TOTAL  2/3 Wheelers      1,747,342      1,679,257

More you can read :  Pakistan Auto Market – Inside

source of data

Monthly Production & Sales of Vehicles – PAMA – Pakistan Automotive Manufacturers Association

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