January 2023 Cars Sales Analysis - Full Analysis With YoY, MoM Change | V3Cars

Brand-Wise January 2023 Car Sales - YoY Change

• In terms of percentage, Citroen posted the best YoY improvement of over 1,900% because of the low numbers in January 2022. It is worth noting that Citroen is not yet a mass volume manufacturer in India.
• Among the mass volume carmakers, Toyota posted the best growth in January YoY comparison, with a near-74% rise in sales.
• Mahindra posted the second best YoY growth of around 66%.
• The biggest losers were Renault and Nissan with 63% and 29.5% decline, respectively, in YoY dispatch numbers in January.
• Honda sales dropped by about 25% in January 2023 compared to January 2022.

Brand-Wise January 2023 Car Sales - MoM Change

• In terms of MoM change, most brands saw an increase in dispatches in January over December. 
• The 5 brands that saw a decline in dispatch numbers as the previous month are — Citroen, Jeep, Renault, Skoda and Volkswagen.
• Speaking of losers, the top losing brand in terms of MoM comparison for the month of January was Renault with a 51% decline in dispatches, followed by Volkswagen with 38% MoM decline.
• Kia was the top gaining brand with 88% growth in MoM dispatches in January compared to December.
• Kia was followed by Nissan with a 39% growth in dispatches in January over December.

Segment-Wise January 2023 Car Sales - YoY Change

• In terms of YoY change, the D2-segment was the biggest gainer, posting a YoY growth of 237%
• The D2-segment was followed by the D1-segment, with a YoY growth of 55% in January 2023
• The B2 and C-segments witnessed a YoY growth of 16% in January 2023 comparison analysis
• In terms of YoY comparison, all segments witnessed growth except the A-segment, which witnessed a decline of 1.64% in the January YoY comparison analysis

Segment-Wise January 2023 Car Sales - MoM Change

• In terms of MoM comparison for the month of January, all segments saw a growth in their sales figures in comparison to the decline in sales witnessed in the December MoM sales analysis
• The D2-segment and A-segment saw the highest MoM growth of all, of around 130% and 75%, respectively
• The B1 segment followed the A-segment with a 38% growth while the D1-segment saw a growth of 34%

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

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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