March 2023 Car Sales Analysis - Segment-Wise YoY, MoM Change, 6-Month Trend | V3Cars

24 April 2023
By Prathu Sharma
0

In this March 2023 cars sale analysis article, we’ll look at the segment-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. Lastly, the table with monthly sales of all body styles for the last 6 months will give you an idea about their 6-month sales trend.

Segment-Wise March 2023 Car Sales - YoY Change

In terms of YoY change, the C-segment was the biggest gainer, posting a YoY growth of 24%
The C-segment was followed by the D2-segment, with a YoY growth of 16.22% in March 2023
The D1-segment witnessed a YoY growth of 10.43% in our March 2023 comparison analysis
A and B1-segments reported a decline in YoY comparison in March. A-segment reported a drop of 18.29% in March whereas B1-segment reported a decline of 2.63% on the YoY comparison

SEGMENT-WISE MARCH 2023 CAR SALES YOY CHANGE
S.No.	Segment	Mar 2023	Mar 2022	Change	% Change	Trend
1	A	29,506	36,109	-6,603	-18.29%
2	B1	65,188	66,946	-1,758	-2.63%
3	B2	1,34,480	1,27,662	6,818	5.34%
4	C	61,698	49,769	11,929	23.97%
5	D1	40,904	37,041	3,863	10.43%
6	D2	4,472	3,848	624	16.22%

Segment-Wise March 2023 Car Sales - MoM Change

In terms of MoM comparison for the month of March, all segments, except C and D1-segment, witnessed a decrease in their sales figures in comparison to sales in February
D1-segment reported an MoM increase of 34.85% and C-segment cars reported a 22.12% growth.
The A-segment reported a MoM decline of 25.19% and was the top losing segment in March MoM comparison
The B-segment reported an average decline of 4.62%

SEGMENT-WISE MARCH 2023 CAR SALES MOM CHANGE
S.No.	Segment	Mar 2023	Feb 2023	Change	% Change	Trend
1	A	29,506	39,443	-9,937	-25.19%
2	B1	65,188	68,311	-3,123	-4.57%
3	B2	1,34,480	1,41,061	-6,581	-4.67%
4	C	61,698	50,522	11,176	22.12%
5	D1	40,904	30,332	10,572	34.85%
6	D2	4,472	4,576	-104	-2.27%

Segment-Wise — 6-Month Sales Trend (Oct 2022 - Mar 2023)

SEGMENT-WISE 6 MONTH SALES TREND OCT 2022 - FEB 2023
Segment	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	6 Month Avg
A	39,987	29,414	23,263	40,632	39,443	29,506	33,708
B1	66,943	60,151	52,462	72,546	68,311	65,188	64,267
B2	1,29,873	1,36,238	1,14,024	1,33,203	1,41,061	1,34,480	1,31,480
C	63,516	63,651	59,826	62,962	50,522	61,698	60,363
D1	32,590	29,351	23,242	31,139	30,332	40,904	31,260
D2	3,320	3,265	2,313	5,323	4,576	4,472	3,878

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ABOUT THE AUTHOR

Prathu Sharma

Engineer by upbringing, artist by passion, motorhead because, why not! Likes to know about everything related to technology, switches between american muscle and german innovation depending on the day. Wants to own 69' Mustang Mach 1 and to drive BMW M3 87'someday.