June 2024 Most Detailed All Cars Sales Analysis, YoY, MoM Change | V3Cars

June 2024 — Car Segment-wise Sales Analysis

Here we will look at the sales figures of each of the car segment sales in June 2024 and find out which segments are expanding and which ones are shrinking.

June 2024 Car Segment-wise MoM Sales Change

The following table presents the MoM change of each car segment sales in June 2024:

Segment-wise Insights - MoM Change:

• Top Gainers

  • The D2 segment shows the highest percentage growth, with sales increasing by 294 units (9.49%). This indicates a strong demand for higher-end or luxury vehicles, possibly driven by new model launches, improved economic conditions, or successful marketing campaigns targeting this segment.
  • The C1 segment exhibits significant growth in sales volume, increasing by 4,101 units (7.48%). This suggests that mid-range cars are becoming increasingly popular, which may be due to factors such as affordability, fuel efficiency, and the introduction of appealing new models in this category.

• Top Losers

  • The B1 segment experienced the largest decline, with sales dropping by 5,085 units (-7.68%). This sharp decrease could indicate a shift in consumer preferences away from entry-level cars, possibly due to economic factors or competition from other segments offering better features or value.
  • The B2 segment also saw a notable decline, with a decrease of 7,211 units (-4.96%). This drop suggests challenges in the market for these vehicles, which could be attributed to increased competition, changing consumer tastes, or economic conditions affecting purchasing power.

• Other Relevant Observations

  • The A segment experienced a decrease in sales by 1,065 units (-4.08%). This decline in the smallest car segment indicates that consumers might be looking for larger or more feature-rich vehicles, possibly influenced by lifestyle changes or increased disposable income.
  • The C2 segment saw a reduction of 1,051 units (-5.89%). This suggests potential challenges in the mid-range sedan market, where consumers might be opting for SUVs or crossovers instead.
  • The D1 segment showed a slight decline of 597 units (-1.79%), indicating a relatively stable performance compared to other segments. This could mean that while there is some decrease, the segment maintains a steady demand.

June 2024 Car Segment-wise YoY Sales Change

The following table presents the YoY change of each car segment sales in June 2024:

Segment-wise Insights - YoY Change:

• Top Gainers

  • The C1 segment shows the highest percentage growth, with sales increasing by 14,039 units (31.25%) compared to June 2023. This substantial increase indicates a strong demand for mid-range cars, likely driven by successful new model launches, improved features, or competitive pricing that has attracted more buyers to this segment.
  • The D1 segment also experienced significant growth, with sales increasing by 5,989 units (22.4%). This suggests a growing interest in higher-end vehicles, possibly due to better economic conditions, enhanced features in new models, or effective marketing strategies that have resonated with consumers.

• Top Losers

  • The C2 segment experienced the largest decline, with sales dropping by 9,481 units (-36.09%) compared to June 2023. This significant decrease suggests challenges in this segment, possibly due to increased competition, shifts in consumer preferences towards other segments like SUVs or crossovers, or economic factors affecting the affordability of these vehicles.
  • The A segment saw a notable decline, with sales decreasing by 4,286 units (-14.61%). This indicates a reduced demand for the smallest and most economical cars, which might be due to consumers opting for larger or more feature-rich vehicles as their preferences evolve.

• Other Relevant Observations

  • The B2 segment experienced a moderate increase in sales, rising by 5,178 units (3.89%). This steady growth suggests that while the segment is not experiencing explosive growth, it remains a stable and reliable choice for a significant portion of consumers.
  • The B1 segment saw a slight decline in sales, decreasing by 2,011 units (-3.19%). This indicates a small shift away from entry-level cars, which could be due to a variety of factors such as economic conditions, competition from other segments, or changing consumer tastes.
  • The D2 segment showed a decline of 740 units (-17.9%), indicating a reduction in demand for higher-end or luxury vehicles in this category. This might be due to economic factors, competition from other luxury segments, or changes in consumer priorities.

June 2024 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:

Notable Observations (January 2024 - June 2024 Car Sales)

• B2 Segment: Significant decline in sales from January to June, dropping from 167,857 units to 138,206 units. This downward trend suggests potential market saturation or decreased consumer interest.

• B1 Segment: Fluctuating sales with a peak in May (66,193 units) and a low in April (54,930 units). Despite variability, sales remained close to the average, indicating stability with occasional spikes.

• C1 Segment: Sales peaked in March (64,650 units) and were lowest in April (52,924 units). The segment maintains an average close to monthly figures, reflecting stable performance overall.

• D1 Segment: Steady decline in sales from January (36,980 units) to June (32,723 units), indicating a weakening demand or increased competition in the higher-end segment.

• A Segment: Significant drop from January (33,635 units) to June (25,054 units), highlighting a decrease in demand for smaller cars.

• C2 Segment: Consistent decline from January (21,970 units) to June (16,790 units), indicating a reduced interest in this segment.

• D2 Segment: Variable sales with a peak in March (4,474 units) and a decrease to 3,393 units in June. The trend suggests challenges in maintaining high sales figures in the luxury segment.

June 2024 — Car Bodystyle-wise Sales Analysis

Here we will look at the sales figures of each of the car body style sales in June 2024 and find out which body styles are growing in demand and which ones are declining.

June 2024 Car Bodystyle-wise MoM Sales Change

The following table presents the MoM change of each car body style sales in June 2024:

• Top Gainers

  • MPV: The MPV segment saw an increase of 1,984 units (+4.28%) in June compared to May. This indicates a growing interest in multi-purpose vehicles, possibly due to their versatility and practicality for families or businesses.

• Top Losers

  • Sedan: The Sedan segment experienced the largest decline, with a decrease of 4,473 units (-14.32%). This sharp drop suggests a significant reduction in consumer interest, which might be due to a shift in preference towards SUVs or other body styles that offer more space and features.
  • Pickup: The Pickup segment saw a decrease of 47 units (-16.61%), marking a notable decline. This suggests a reduced demand, possibly influenced by economic factors or changing consumer needs.

• Other Notable Observations

  • SUV: The SUV segment experienced a slight decline of 4,177 units (-2.30%). Despite this decrease, SUVs remain popular, though the minor drop might reflect seasonal variations or temporary market conditions.
  • Hatchback: The Hatch segment also saw a decline, with a reduction of 3,901 units (-4.45%). This indicates a decreased interest in hatchbacks, potentially due to shifting consumer preferences towards other body styles or newer models in other segments.

June 2024 Car Bodystyle-wise YoY Sales Change

The following table presents the YoY change of each car body style sales in June 2024:

• Top Gainers

  • MPV: The MPV segment saw the highest year-over-year increase, with sales rising by 8,970 units (+22.78%). This significant growth reflects a strong demand for multi-purpose vehicles, likely due to their practicality and increasing popularity among families and businesses.
  • SUV: The SUV segment experienced a substantial increase of 21,667 units (+13.94%). This suggests a continued shift towards SUVs, driven by their popularity, versatility, and consumer preference for larger and more feature-rich vehicles.

• Top Losers

  • Pickup: The Pickup segment had the largest year-over-year decline, with a decrease of 82 units (-25.79%). This significant drop indicates reduced interest, potentially due to changing market demands or economic factors affecting sales.
  • Hatch: The Hatch segment also saw a notable decline of 16,612 units (-16.54%). This decline suggests a shift in consumer preferences away from hatchbacks, possibly influenced by the increasing popularity of SUVs and other body styles.

• Other Notable Observations

  • Sedan: The Sedan segment experienced a decrease of 5,255 units (-16.41%). This drop highlights a continuing trend of reduced interest in sedans, which might be due to the growing preference for larger vehicles like SUVs and MPVs.

June 2024 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:

Observations: January 2024 - June 2024 Body-Wise Sales Trend

• SUV: The SUV segment started strong with 2,06,634 units in January but showed a gradual decline each month, ending at 1,77,053 units in June. Despite this downward trend, the average sales remain high at 1,89,880 units, reflecting continued strong demand for SUVs.
• Hatch: Hatchback sales declined significantly from 1,02,716 units in January to 83,828 units in June. The average sales over the six months are 90,106 units, indicating a consistent but decreasing interest in hatchbacks, with notable drops in sales observed in April.
• MPV: The MPV segment showed relatively stable sales with some fluctuations, starting at 49,941 units in January and ending at 48,346 units in June. The average sales are 47,935 units, indicating steady demand with slight monthly variations.
• Sedan: Sedan sales showed a decreasing trend from January (33,891 units) to June (26,769 units). The average sales figure is 31,001 units, demonstrating a consistent decline in interest over the period.
• Pickup: Pickup sales were the lowest among the body styles, with a minor decline from 289 units in January to 236 units in June. The average sales are 279 units, showing relatively low and somewhat stable demand.

June 2024 — Car & Brand-wise Sales Analysis

Here we will look at the sales figures of each car and brand sales in June 2024 and find out which cars and brands are in an uptrend and which ones are in a downtrend.

June 2024 Car & Brand-wise MoM Sales Change

The following table presents the MoM change of each car and brand sales in June 2024: