December 2023 Most Detailed All Cars Sales Analysis, YoY, MoM Change | V3Cars

December 2023 — Car Segment-wise Sales Analysis

Here we will look at the sales figures of each of the car segment sales in December 2023 and find out which segments are expanding and which ones are shrinking.

December 2023 Car Segment-wise MoM Sales Change

The following table presents the MoM change of each car segment sales in December 2023:

Segment-wise Insights - MoM Change:

Top Gainers (MoM):

• D2 (Sedans - Large): The Sedans in the D2 segment exhibited the highest Month-on-Month (MoM) growth, with a remarkable increase of 51.99%. Sales rose from 2,614 units in November 2023 to 3,973 units in December 2023. This positive trend suggests a surge in demand for larger sedans in this segment.

Top Losers (MoM):

• A (Hatchbacks - Entry-Level): The A segment, representing entry-level hatchbacks, faced the highest MoM decline, with a substantial decrease of -40.59%. Sales dropped from 23,708 units in November 2023 to 14,086 units in December 2023. This decline indicates a significant shift or challenges in the entry-level hatchback market.
• B1 (Hatchbacks - Compact): The B1 segment, consisting of compact hatchbacks, experienced a notable MoM decline of -23.11%. Sales decreased from 58,137 units in November 2023 to 44,699 units in December 2023. This decline may be influenced by factors such as market preferences, competition, or economic conditions affecting compact hatchback sales.
• B2 (Hatchbacks - Midsize): The B2 segment witnessed a MoM decline of -12.76%, with sales dropping from 1,42,061 units in November 2023 to 1,23,932 units in December 2023. This decline may be attributed to various market factors influencing the sales of midsize hatchbacks.
• C1 (SUVs - Compact): The C1 segment, representing compact SUVs, faced a MoM decline of -3.59%. Sales decreased from 57,153 units in November 2023 to 55,099 units in December 2023. Factors such as competition, model availability, or consumer preferences may have contributed to this decline.
• C2 (SUVs - Midsize): The C2 segment, comprising midsize SUVs, experienced a MoM decline of -25.15%. Sales dropped from 19,085 units in November 2023 to 14,285 units in December 2023. This decline suggests fluctuations or challenges in the midsize SUV market.
• D1 (Sedans - Midsize): The D1 segment, representing midsize sedans, faced a MoM decline of -3.05%. Sales decreased from 32,110 units in November 2023 to 31,130 units in December 2023. This moderate decline may be influenced by factors impacting the midsize sedan market.

December 2023 Car Segment-wise YoY Sales Change

The following table presents the YoY change of each car segment sales in December 2023:

Segment-wise Insights - YoY Change:

Top Gainers (YoY):

• D1 (Sedans - Midsize): The D1 segment experienced the most substantial Year-on-Year (YoY) growth, with an impressive increase of 93.1%. Sales surged from 16,121 units in December 2022 to 31,130 units in December 2023. This significant growth suggests a notable demand for midsize sedans in the market.
• D2 (Sedans - Large): The D2 segment, representing large sedans, showed a remarkable YoY growth of 71.77%. Sales increased from 2,313 units in December 2022 to 3,973 units in December 2023. This growth may be attributed to factors such as new model launches, improved features, or changing consumer preferences favouring large sedans.
• C1 (SUVs - Compact): The C1 segment, comprising compact SUVs, exhibited a substantial YoY growth of 19.64%. Sales rose from 46,055 units in December 2022 to 55,099 units in December 2023. This growth suggests a positive trend in the compact SUV market, potentially driven by new model releases or increased consumer interest in this segment.

Top Losers (YoY):

• C2 (SUVs - Midsize): The C2 segment faced the most significant YoY decline, with a substantial decrease of -31.62%. Sales dropped from 20,892 units in December 2022 to 14,285 units in December 2023. This decline may be influenced by various market factors impacting the midsize SUV category.
• A (Hatchbacks - Entry-Level): The A segment, representing entry-level hatchbacks, experienced a notable YoY decline of -39.45%. Sales decreased from 23,263 units in December 2022 to 14,086 units in December 2023. This decline suggests a shift in consumer preferences or market dynamics affecting the entry-level hatchback segment.
• B1 (Hatchbacks - Compact): The B1 segment faced a YoY decline of -14.8%, with sales dropping from 52,462 units in December 2022 to 44,699 units in December 2023. This decline may be influenced by factors such as increased competition or changes in consumer demand for compact hatchbacks.

December 2023 Car Segment-wise 6-Month Sales Trend

The following table will help you understand which car segments are in an uptrend and which ones are on a slippery slope:

• Segment A (Entry-Level Hatchbacks): The sales trend for Segment A shows fluctuations over the six-month period, with a notable peak in October 2023. The segment experienced a substantial decline in December 2023 compared to the previous months, possibly influenced by seasonal factors or market dynamics.
• Segment B1 (Compact Hatchbacks): Segment B1 exhibited a generally increasing trend from July to October, reaching the highest sales in October 2023. However, there was a significant drop in sales in December 2023, indicating a potential seasonal or market-specific impact.
• Segment B2 (Midsize Hatchbacks/Sedans): The sales trend for Segment B2 remained relatively stable throughout the six-month period, with fluctuations but no clear upward or downward trend. Despite minor variations, the segment maintained a consistently high average sales figure.
• Segment C1 (Compact SUVs): Segment C1 displayed a consistent upward trend from July to October, suggesting a growing demand for compact SUVs during this period. December 2023 witnessed a slight decline, but the overall trend remained positive.
• Segment C2 (Midsize SUVs): Segment C2 experienced a declining trend from July to December 2023, with decreasing sales in each successive month. The average sales for the segment decreased over the six-month period.
• Segment D1 (Midsize Sedans): Segment D1 showed an increasing trend from July to November, reaching the highest sales in November 2023.
• December 2023 witnessed a slight decline, but the overall trend remained positive, indicating potential year-end promotions or market dynamics.
• Segment D2 (Large Sedans): Segment D2 exhibited a relatively stable trend with minor fluctuations in sales over the six-month period. The average sales remained consistent, suggesting a steady demand for large sedans.

Overall Observations:

• Each segment has its unique sales dynamics, and the trends can be influenced by factors such as new model releases, market competition, and consumer preferences.
• December 2023 sales figures across multiple segments show a decline, possibly indicating a seasonal slowdown or year-end market dynamics.
• Segments B2 (Midsize Hatchbacks/Sedans) and D2 (Large Sedans) maintained relatively stable trends, while other segments showed varying degrees of fluctuations.

These insights provide an overview of the segment-wise sales trends over the six-month period, offering a perspective on how different car categories performed during this time.

December 2023 — Car Bodystyle-wise Sales Analysis

Here we will look at the sales figures of each of the car body style sales in December 2023 and find out which body styles are growing in demand and which ones are declining.

December 2023 Car Bodystyle-wise MoM Sales Change

The following table presents the MoM change of each car body style sales in December 2023:

• Hatchbacks saw the most significant decline in sales from November to December 2023, with a decrease of 24,645 units, which is a 29.68% drop. This suggests a substantial shift in consumer preference or market conditions affecting this segment.
• Sedans and MPVs also experienced a decrease in sales, but the decline was less severe than Hatchbacks, with a 5.92% and 7.00% decrease respectively.
• SUVs, despite having a 10.25% decrease, still maintained the highest sales figures in December 2023, indicating a strong market preference for this body style.
• Interestingly, Pickups were the only category to see an increase in sales, with a significant 50.47% growth. However, it’s important to note that the overall volume of Pickup sales is still relatively low compared to other categories.

December 2023 Car Bodystyle-wise YoY Sales Change

The following table presents the YoY change of each car body style sales in December 2023:

• Hatchbacks saw a significant decrease in sales from December 2022 to December 2023, with a drop of 25,196 units, which is a 30.14% decrease. This suggests a substantial shift in consumer preference away from this body style over the years.
• Sedans also experienced a decrease in sales, with a 14.31% decrease, indicating a lesser preference for this body style compared to the previous year.
• SUVs and MPVs saw an increase in sales over the year, with a 28.32% and 19.15% increase respectively. This indicates a growing preference for these body styles. Particularly, SUVs have shown a strong growth, indicating a strong market preference for this body style.
• The Pickup category saw an extraordinary increase of 6340%. However, it’s important to note that the overall volume of Pickup sales is still relatively low compared to other categories. The high percentage change could be due to the extremely low sales in December 2022.

December 2023 Car Bodystyle-wise 6-Month Sales Trend

The following table will give you an idea about a longer term trend of each car body style over a 6-month period:

December 2023 — Car & Brand-wise Sales Analysis

Here we will look at the sales figures of each car and brand sales in December 2023 and find out which cars and brands are in an uptrend and which ones are in a downtrend.

December 2023 Car & Brand-wise MoM Sales Change

The following table presents the MoM change of each car and brand sales in December 2023: