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

Brand-Wise May 2023 Car Sales - YoY Change

• In terms of percentage, Citroen posted the best YoY improvement of 3258% because of the low numbers in May 2022. It is worth noting that Citroen is not yet a high volume manufacturer in India.
• Among the high volume carmakers, Toyota posted the best growth in May YoY comparison, with a 89.69% rise in sales.
• Toyota was followed by Mahindra which posted a 23.39% YoY growth.
• The biggest loser was Honda with a 43% decline in YoY dispatch numbers in May.
• Honda was followed by Skoda and then Jeep with a 23% and 21% decline, respectively,  in YoY numbers.

Brand-Wise May 2023 Car Sales - MoM Change

• Toyota was the top gaining brand in MoM comparison, with a 36.84% growth in numbers. The other gainers in May MoM comparison were Jeep with 31.54% MoM growth and MG with 10% MoM growth in May.
• Speaking of the losers, Citroen and Kia were the top losing brands with about a 20% decline in MoM dispatches in May compared to April. It is to be noted Citroen was the consistent top gainer in the MoM comparison till March.
• The other notable losers in the MoM comparison were:
  • Honda with 12.29% drop
  • Skoda with 11.52% drop

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.
• 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 - 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. The A-segment saw an MoM drop of nearly 5% in May compared to April.
• Speaking of MoM gainers in May comparison, the C1-segment reported a 9.76% MoM growth in May, making it the top growing segment. The D1-segment was a close second and saw a 9.33% MoM rise.
• The D2-segment saw a rise of 6.11% in the May MoM comparison analysis.
• The B2 and C2-segments saw an MoM growth of around 2.50% in May comparison analysis.

Body-Wise May 2023 Car Sales - YoY Change

• Pickups witnessed the biggest YoY growth of over 360% in May 2023 compared to May 2022.
• The SUV was the best-selling bodystyle in India. It was followed by hatchbacks, which saw a 0.28% growth in sales in May 2023 compared to May 2022.
• Only sedans saw a decline in the YoY comparison analysis. Sedan sales dropped by 5.28% in May 2023 compared to May 2022.
• MPVs saw a 17.89% rise in sales in May YoY comparison analysis.

Body-Wise May 2023 Car Sales - MoM Change

• MPVs were the top gainer by reporting a 35% rise in MoM comparison to April sales figures
• Pickups were the other gainers in the comparison with a 11.52% growth in sales over April
• Among the losers, hatchbacks were the top losing bodystyle with 5.23% MoM decline in May compared to April
• Sedans reported a drop of 1.29% in MoM sales comparison, whereas SUVs reported a 1.30% decline.

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