Pakistan car sales (including LCVs, Vans and Jeeps) declined to 30,541 units during the first quarter of FY13, down 30 percent compared to 43,694 units in the same period last year. During September, sales volumes declined to a 15-month low and stood at 9,721 units, down 6 percent from last month and 31 percent compared to September 2011.
"We attribute subdued sales to the termination of Coure and Alto and large inflow of imported CBUs", Zeeshan Afzal, an analyst at Topline Securities said. Amongst individual companies, Pak Suzuki (PSMC) sales during the first quarter of FY13 declined by 33 percent to 17,659 units as against 26,415 units sold in the same period last year. However, car sales stood stagnant at 6,042 units in September compared to last month, down 26 percent from same period last year, he said.
During the first quarter of FY13, Indus Motor (INDU) sales have declined to 8,299 units, 35 percent down compared to last year. Its flagship Corolla sales are down 34 percent to 7032 units as against 10,682 units in the same period last year. Declining trend continued in September and sales for the month declined by massive 31 percent to 2,120 units versus 3,092 units in August.