Car ownership in Pakistan is falling fast, and it’s not just because vehicles have become expensive.
Latest figures reveal that only 11 people per 1,000 now own a car, compared to 18 earlier — a number that was already low. This decline continues even after many new car brands entered the market, pointing to serious underlying problems in the auto sector.
Industry experts say the main reasons are slow income growth, high taxes, and unstable government policies. Since the automobile industry requires long-term investment and planning, frequent policy changes make it difficult for investors to stay committed, which ultimately holds back the sector’s progress.
Pakistan’s car market reacts strongly to prices. In the under-Rs5 million category, even a minor price hike can change what buyers choose. Because of this, many new car brands target the premium segment, where higher prices are easier to manage — but sales numbers stay low.
However, an auto industry cannot depend only on high-end cars. For long-term growth and stability, a solid and affordable entry-level market is necessary.
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