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Passenger car sales up 51pc in February

March 11, 2026
A representational image of cars parked in a queue. — Reuters/File
A representational image of cars parked in a queue. — Reuters/File

KARACHI: Passenger car sales (PAMA members) in the country increased by 51 per cent on a year-on-year (YoY) basis in February 2026, data showed. On a month-on-month (MoM) basis, sales declined by 28 per cent against 18,602 units sold in January 2026.

According to data released by the Pakistan Automotive Manufacturers Association (PAMA), passenger car sales increased by 51 per cent to 13,388 units in February’26 compared with 8,882 units sold during the same month the previous year.

For the first eight months of FY26 (July 2025-February 2026), cumulative passenger car sales rose by 46 per cent to 97,900 units against 67,267 units recorded during the same period last year.

Mashood Khan, an expert auto sector, said, “Despite challenges, we are on track to hit 200,000 car volumes this year. Motorcycles are seeing high growth, and trucks/buses are moving upwards slowly.”

Tractor sales remained lower on the other hand. “Tractor sales are pressured due to policy issues; the government should address this under the SIFC and review policies to support agriculture. Shipping delays and fuel price hikes are hurting industry growth,” he said. “We need the government to collaborate with industries and make smart, careful decisions, not panic ones.”

Auto parts manufacturers are struggling with increased costs, and price adjustments are needed across the board, he said. Sales of 1,300cc and above cars were recorded at 6,833 units in February 2026, up 45 per cent compared with 4,700 units sold in February 2025. The 1,000cc segment recorded sales of 460 units, down 6.0 per cent against 489 units during the same month last year. Below-1,000cc vehicles recorded sales of 6,062 units, up 65 per cent against 3,680 units in February 2025.

In February, sales of the Dewan Honri-Ve electric vehicle reached 33 units, compared with 13 units sold during the same period last year, reflecting a 154 per cent YoY increase.

Among 1,300cc and above cars, Toyota’s combined Corolla, Yaris and Corolla Cross sales rose 70 per cent year-on-year to 3,102 units from 1,820 units. Suzuki Swift recorded the sharpest rise in the segment at 151 per cent to 1,634 units from 651 units. Honda Civic and City sales remained broadly flat at 1,861 units compared with 1,876 units, a marginal decline of 1.0 per cent. Hyundai Elantra sales fell 6 per cent to 193 units from 205 units, while Hyundai Sonata sales declined sharply by 71 per cent to 43 units from 148 units.

In the 1,000cc category, Suzuki Cultus sales rose 63 per cent to 460 units from 282 units in February 2025. In the below-1,000cc segment, Suzuki Alto sales increased 55 per cent year-on-year to 5,522 units from 3,561 units. Suzuki Every recorded sales of 540 units compared with 110 units in February 2025, a surge of 391 per cent.

Sales of jeeps and pickups rose 17 per cent YoY to 3,733 units in February 2026 from 3,202 units in February 2025. Haval (Sazgar) posted the strongest growth in this category, with sales climbing 86 per cent to 1,627 units from 877 units. Toyota Fortuner and IMVs recorded a decline of 10 per cent to 715 units from 791 units. Hyundai Tucson sales were broadly flat at 363 units versus 355 units.

Sales of trucks and buses increased by 37 per cent to 664 units in February 2026 from 486 units in February 2025. Farm tractor sales rose 12 per cent YoY to 1,717 units in February 2026, compared with 1,534 units in February 2025. Cumulative tractor sales for the first eight months of FY26 stood at 17,151 units against 21,692 units in the corresponding period last year, a decline of 21 per cent.

Sales of motorcycles and three-wheelers increased by 24 per cent YoY to 159,512 units in February 2026 from 128,995 units in February 2025. Atlas Honda, the country’s largest motorcycle maker, recorded sales of 136,001 units in February 2026, up 26 per cent from 108,169 units in February 2025.

Myesha Sohail, an analyst at Topline Research, said the sharp MoM decline is primarily attributed to a high base effect, as January sales typically surge due to new-year vehicle registrations, coupled with fewer working days in February. Meanwhile, the strong YoY growth was supported by new market entrants, lower interest rates, easing inflation, and improving macroeconomic sentiment.

“We expect positive momentum in auto sales to continue in 2026, supported by lower interest rates and new hybrid and plug-in hybrid models. Easing inflation and improved economic activity should further strengthen demand in the coming months,” said Myesha Sohail.