Pakistan’s outstanding automobile financing climbed to Rs407.12 billion in September 2026, even as vehicle sales fell during the month.
The loan balance was 3.49% higher than August’s approximately Rs393.4 billion and 33.61% above the Rs304.71 billion recorded in September 2025, according to Mettis Global, citing State Bank of Pakistan data.
The figures represent the total value of vehicle loans still owed to lenders, rather than new loans issued in September.
September vehicle sales decline
Sales of cars, SUVs, pickups and vans fell 12% from a year earlier and 3% from August to 15,104 vehicles in September, Dawn reported.
Sales for the first quarter of FY27 nevertheless rose 19% to 50,480 vehicles, reflecting stronger results in the preceding months.
Why financing and sales moved differently
A growing loan balance does not necessarily mean more cars were sold that month. Outstanding financing includes loans taken out earlier and changes as borrowers make repayments or take on new debt.
Dawn described September as the 22nd consecutive month of growth in auto financing. The newspaper also reported industry concerns about the timing of a new automotive policy and taxes on hybrid vehicles.
The contrast between September sales and the financing balance shows that showroom activity and lending trends do not always move together.
The Pakistan Automotive Manufacturers Association publishes monthly vehicle sales data, while State Bank releases track outstanding financing.