November 2023 Car Sales Analysis – 20 Top-Selling Cars | V3Cars

November 2023 - 20 Top-Selling Cars YoY Change

• Top Gainers:
  • Mahindra Scorpio N + Classic: Scorpio N + Classic stands out as the top gainer with an impressive YoY increase of 88.77% amongst the mass-market cars in the list of top selling 20 cars in November. The significant surge in sales indicates strong consumer demand for this model.
  • Toyota Innova Crysta/HyCross: The Innova Crysta/HyCross records a substantial YoY growth of 241.23%, making it one of the top gainers.
  • Grand Vitara: Grand Vitara shows a YoY increase of 79.04%, indicating a steady rise in popularity.
• Top Losers:
  • Maruti Suzuki Alto K10: Alto K10 records a substantial YoY decline of 48.44%. The model was the top loser on the list.
  • Maruti Nexa Baleno: Baleno experiences a significant YoY decline of 38.12%, signaling challenges in its market position. This decrease might be influenced by increased competition or shifts in consumer preferences within the segment.
  • Hyundai Creta: Creta faces a YoY decrease of 11.31%. While still popular, the model might be experiencing challenges or facing intensified competition in the compact SUV segment, which is expected to improve after the launch of Creta facelift.
• Other Observations:
  • Consistent Performers: WagonR, Dzire, and Swift maintain their positions as top-sellers, showcasing consistency in consumer demand for these models.
  • SUV Popularity: SUVs like Scorpio N + Classic, Creta, Seltos, and XUV700 continue to be popular, reflecting the ongoing trend of consumer preference for SUVs.
  • Entry of New Models: Fronx and Exter make their entry into the top-selling list, indicating potential success and acceptance in the market.
  • Diverse Brand Presence: Brands like Maruti Suzuki, Tata, Mahindra, Hyundai, Kia, and Toyota demonstrate a diverse presence in the top 20, highlighting the competitiveness of the market.

Nov 2023 - 20 Top-Selling Cars MoM Change

• Top Gainers:
  • Maruti Suzuki Dzire: Dzire emerges as the top gainer with a significant MoM increase of 8.61%. 
  • Hyundai Exter: Exter experiences a MoM growth of 2.82%, indicating a gradual increase in popularity. This suggests that the model is gaining traction in the market.
• Top Losers:
  • Maruti Suzuki Alto K10: WagonR records the highest MoM decline of 27.89%.
  • Maruti Suzuki Swift: Swift not only gains in YoY performance but also experiences a significant MoM decrease of 25.67%. This suggests a notable shift in demand or market conditions within a short period.
  • Maruti Suzuki WagonR: WagonR faces a substantial MoM decline of 24.97%.
• Other Observations:
  • Segment Variances: Different models within the top 20 exhibit varying degrees of change, showcasing the diverse nature of the automotive market.
  • Impact of Seasonal Factors: Several models experience a decline in sales, which could be attributed to seasonal factors or short-term market fluctuations.
  • Consistency in Ranking: Some models, like WagonR, Dzire, and Swift, maintain their positions in the top-selling list, highlighting their consistent popularity despite monthly fluctuations.

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Top 20 Sellings Cars— 6-Month Sales Trend (Jun 2023 - Nov 2023)

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