January 2023 Car Sales Analysis - Bodystyle-Wise YoY, MoM Change, 6-Month Trend | V3Cars
In this January 2023 cars sales analysis article, we’ll look at the bodystyle-wise sales figures along with the YoY and MoM change for each carmaker in India. Where applicable, we’ll also include our observations based on the sales data and possible reasons behind a massive increase or drop in sales, where applicable. Lastly, the table with monthly sales of all bodystyles for the last 6 months will give you an idea about their 6-month sales trend.
Body-Wise January 2023 Car Sales - YoY Change
- SUVs witnessed the biggest YoY growth of roughly 25% in January 2023 compared to January 2022
- The SUV was the best-selling bodystyle in India. It was closely followed by hatchbacks, which saw a 17.26% gain in sales in January 2023 compared to January 2022
- MPVs suffered a 15% decline in sales in January YoY comparison analysis
- Sedans also saw a 8% decline in sales in January
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Body-Wise January 2023 Car Sales - MoM Change
- Pickups were the biggest losers with 80% decrease in sales
- Pickups were followed by sedans with 0.14% drop in dispatches in January compared to December
- Pickups are not a popular body-style among Indian buyers and it is evident from the numbers
- Among the winners, hatchbacks were the top gaining bodystyle with over 1,23,000 units sold in January, compared to almost 85,000, witnessing a rise of over 45% in monthly sales
- SUVs saw a growth of 24% in MoM comparison, whereas MPVs saw a growth of nearly 14% in January over December
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Body-Wise — 6-Month Sales Trend (Aug 2022 - Jan 2023)
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