The prices of cars increase rapidly in Pakistan and there are only two reasons behind this, the increasing dollar rate against rupee value and the high taxes government imposed on vehicles.
If we see the rupee value in 2017 its Rs. 104 against $ 1 but in the last 18 months the strength of dollar increase speedily and now dollar stand at Rs 160 against $ 1. this is a major reason for increasing car prices in Pakistan because of the local cars manufacture industry imports car parts from other countries.
On the other side, the government imposed duties and other taxes on all vehicles and its not possible for consumers to buy high prices cars this is why the sale of cars down in the country. Most of the auto manufacturers stop the production of cars for some days because of the down in sales affects their business badly.
In the last 18 months, car prices increase in Pakistan by 40%. here is the report on how much auto manufactures increase car prices.
|Car||December 2017||July 2019||Price Difference %|
|FAW X-PV Dual A/C||919,000||1,174,000||27.74%|
|FAW X-PV Dual Standard||869,000||1,114,000||28.19%|
|Honda City 1.3 M/T||1,549,000||2,309,000||49.06%|
|Honda City 1.3 P/T||1,689,000||2,489,000||47.36%|
|Honda City 1.5 M/T||1,599,000||2,369,000||48.15%|
|Honda City 1.5 P/T||1,739,000||2,539,000||46.03%|
|Honda City 1.5 Aspire M/T||1,729,000||2,539,000||46.84%|
|Honda City 1.5 Aspire P/T||1,869,000||2,699,000||44.40%|
|Honda Civic 1.8 CVT||2,349,000||3,499,000||48.95%|
|Honda Civic 1.8 CVT Oriel||2,499,000||3,749,000||50.02%|
|Honda BR-V CVT||2,229,000||2,949,000||32.30%|
|Honda BR-V CVT-S||2,329,000||3,099,000||33.06%|
|Toyota Corolla 1.3 XLi||1,759,000||2,499,000||42.06%|
|Toyota Corolla 1.3 GLi M/T||1,889,000||2,749,000||45.52%|
|Toyota Corolla 1.3 GLi A/T||1,964,000||2,849,000||45.06%|
|Toyota Corolla 1.6 Altis||2,149,000||3,149,000||46.53%|
|Toyota Corolla 1.8 Altis M/T||2,224,000||3,299,000||48.33%|
|Toyota Corolla 1.8 Altis CVT||2,349,000||3,449,000||46.82%|
|Toyota Corolla 1.8 Altis Grande M/T||2,399,000||3,499,000||45.85%|
|Toyota Corolla 1.8 Altis Grande CVT||2,549,000||3,699,000||45.11%|
|Toyota Fortuner 2.7 Petrol||5,399,000||7,999,000||48.15%|
|Toyota Fortuner 2.8 Diesel||5,899,000||8,649,000||46.61%|
|Toyota Hilux Revo 2.8 V||4,649,000||6,249,000||34.41%|
|Toyota Hilux Revo 2.8 G M/T||4,124,000||5,599,000||35.76%|
|Toyota Hilux Revo 2.8 G A/T||4,349,000||5,899,000||35.64%|
|Suzuki Mehran VX||679,000||839,000||23.56%|
|Suzuki Mehran VXR||732,000||923,000||26.09%|
|Suzuki WagonR VXR||1,054,000||1,540,000||46.11%|
|Suzuki WagonR VXL||1,094,000||1,625,000||48.53%|
|Suzuki Cultus VXR||1,250,000||1,745,000||39.59%|
|Suzuki Cultus VXL||1,391,000||1,855,000||33.35%|
|Suzuki Cultus VXL AGS||1,528,000||1,975,000||29.25%|
|Suzuki Swift DLX M/T||1,327,000||1,905,000||43.55%|
|Suzuki Swift DLX A/T||1,463,000||2,050,000||40.10%|
Still cars manufacture companies trying to increase the sales of car and enhance the production units and reach try to increase the 0.3 million units in 2021 and 0.5 million units in 2022.