According to a recent survey by Arif Habib Research, sales of the Suzuki Alto fell to just 1,440 units in the current month alone, a 25% fall from the 1,913 units sold in the previous month.
The Suzuki Alto sales of Pak Suzuki Motor Company, a leading player in the automotive sector, saw an extraordinary decrease of 79 percent from January to July 2023.
Fewer than 9,205 Suzuki Alto cars found buyers in the first seven months of this year, according to industry data. Comparing this to the impressive 43,428 units sold over the same period last year, there is a startling difference.
Additionally, the rising tide of inflation has dampened consumer demand for cars. A further aggravating factor is the current high interest rate of 23%, which makes it difficult for prospective purchasers to find finance for the Suzuki Alto.
This declining trend in auto sales is thought to have been fueled by a number of factors. Production capacities have been severely constrained by the ongoing shortage of imported raw materials, which results from earlier import restrictions imposed by regulatory agencies.
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