KARACHI: Sales of cars, pickups, vans and sport utility vehicles clocked in at 23,055 units in January, marking a 43-month high, reflecting a 36 per cent year-on-year (YoY) and 74pc month-on-month (MoM) increase.
Cumulative sales rose 43pc to 111,377 units in 7MFY26, up from 77,686 units in 7MFY25. Myesha Sohail of Topline Securities said the sharp MoM surge was largely driven by new-year registrations, as customers typically delay deliveries to secure January registrations for better resale value.
The strong YoY growth was supported by new market entrants, lower interest rates, easing inflation, and improving macroeconomic sentiment, she said.
Sazgar Engineering Works Ltd (SEWL) reported all-time high sales of 2,004 units in January, up 72pc MoM. SEWL sales in 7MFY26 were 9,214, up by 49pc YoY.
Tractor demand shrinks, truck and bus sales surge to record high
Indus Motor Company (IMC) and Honda Atlas Cars Ltd (HCAR) recorded 43-month high sales in January, she added.
HACL posted growth of 64pc YoY and 86pc MoM to 3,620 units in January. Honda City and Civic models sales rose 69pc YoY and 93pc MoM to 3,364 units, which were a 43-month high. BRV and HRV models surged by 14pc YoY and 25pc MoM to 256 units in January. HACL sold 15,659 units in 7MFY26, up by 68pc YoY.
IMC posted a 52pc YoY and 119pc MoM growth to 5,060 units. Corolla, Yaris and Cross sales together went up 90pc YoY and 93pc MoM to 4,078 units. Meanwhile, Fortuner and IMVs fell 17pc YoY but rose to 982 units in January from 196 units in December 2025. Total IMC sales during 7MFY26 were 25,623, showing a growth of 61pc YoY.
In 2 and 3-wheelers, sales increased by 31pc YoY and 13pc MoM to 181,790 units in January, marking an all-time high. This took cumulative 7MFY26 sales to 1.1m units, up 32pc YoY.
Atlas Honda Ltd (AHL), the maker of the popular CD70 bike, yet again recorded all-time high monthly sales of 157,059 units in January.
Tractor sales posted a decline of 9pc YoY and 26pc MoM to 2,505 units in January, while total sales (Fiat and Millat) in 7MFY26 fell by 23pc to 15,434 units YoY.
Truck and bus sales surged by 77pc YoY and three times MoM to 1,101 units in January, to an all-time high. During 7MFY26, total sales surged by 92pc to 4,633 units YoY.
Myesha Sohail expects positive momentum in auto sales to continue in 2026, supported by lower interest rates and new hybrid and plug-in hybrid models.
Published in Dawn, February 11th, 2026
