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

20 June 2023
By Prathu Sharma
0

In this May 2023 car sales 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 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 May 2023 Car Sales - YoY Change

In terms of YoY change, the D2-segment was the biggest gainer, posting a YoY growth of over 100%.
The D2-segment was followed by the D1-segment, with a YoY growth of 69.70% in May 2023.
Next on the rankings was the C1-segment which witnessed a YoY growth of 27.50% in our May 2023 comparison analysis against the numbers from May 2022.
B1 and B2-segment cars saw a YoY rise of 19.37% and 6.48% respectively in May 2023 comparison analysis.
A-segment reported a decline in YoY comparison in May. The A-segment reported a drop of 24.34% in May whereas the C2-segment remained consistent with May of last year with a miniscule drop of 0.01%.

SEGMENT-WISE MAY 2023 CAR SALES YOY CHANGE
S.No.	Segment	May 2023	May 2022	Change	% Change	Trend
1	A	29,067	38,416	-9,349	-24.34%
2	B1	63,797	59,916	3,881	6.48%
3	B2	1,38,958	1,16,408	22,550	19.37%
4	C1	46,251	36,275	9,976	27.50%
5	C2	24,913	24,916	-3	-0.01%
6	D1	27,534	16,225	11,309	69.70%
7	D2	3,979	1,931	2,048	106.06%

Segment-Wise May 2023 Car Sales - MoM Change

Out of 7 segments in the Indian car market, only A and B1-segments saw a drop in dispatch numbers in MoM comparison analysis.
B1-segment saw an MoM drop of 8.83% in May comparison analysis, making it the top losing car segment in India, whereas the A-segment saw an MoM drop of nearly 5% in May compared to April.
Speaking of MoM gainers in May comparison, C1-segment reported a 9.76% MoM growth in May making it the top growing segment, whereas D1-segment was close second and saw a 9.33% MoM rise.
The D2-segment saw a rise of 6.11% in the May MoM comparison analysis.
Both, B2 and C2-segments saw an MoM growth of around 2.50% in May comparison analysis.

SEGMENT-WISE MAY 2023 CAR SALES MOM CHANGE
S.No.	Segment	May 2023	Apr 2023	Change	% Change	Trend
1	A	29,067	30,586	-1,519	-4.97%
2	B1	63,797	69,974	-6,177	-8.83%
3	B2	1,38,958	1,35,606	3,352	2.47%
4	C1	46,251	42,138	4,113	9.76%
5	C2	24,913	24,288	625	2.57%
6	D1	27,534	25,185	2,349	9.33%
7	D2	3,979	3,750	229	6.11%

Segment-Wise — 6-Month Sales Trend (Dec 2022 - May 2023)

SEGMENT-WISE 6 MONTH SALES TREND DEC 2022 - MAY 2023
Segment	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	6 Month Avg
A	23,263	40,632	39,443	29,506	30,586	29,067	32,083
B1	52,462	72,546	68,311	65,188	69,974	63,797	65,380
B2	1,14,024	1,33,203	1,41,061	1,34,480	1,35,606	1,38,958	1,32,889
C1	46,055	53,050	42,369	49,414	42,138	46,251	46,546
C2	20,892	21,173	18,282	24,140	24,288	24,913	22,281
D1	16,121	19,878	20,203	29,048	25,185	27,534	22,995
D2	2,313	5,323	4,576	4,472	3,750	3,979	4,069

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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.