November 2022 Cars Sales Analysis - Full Analysis With YoY, MoM Change | V3Cars

Brand-Wise November 2022 Car Sales - YoY Change

• In terms of percentage, Citroen posted the best YoY improvement of over 1,400% because of the low numbers in November 2021. It is worth noting that Citroen is not yet a mass volume manufacturer in India.
• Among the mass volume carmakers, Skoda posted the best growth in November YoY comparison, with a 102% rise in sales.
• MG posted the second best YoY growth of around 64.41%.
• The only losers were Jeep and Toyota with 15% and 9.5% decline, respectively, in YoY dispatch numbers in November.
• Most brands posted a healthy YoY gain in dispatch numbers.
• Datsun as a brand stopped producing cars over the past year.

Brand-Wise November 2022 Car Sales - MoM Change

• In terms of MoM change, 9 out of 14 brands saw a decline in sales in November over October 2022. 
• The remaining 4 saw a growth or remained strictly consistent in dispatch numbers as the previous month, case in point - Hyundai, which dispatched just 1 more unit in November than October.
• Other than Hyundai, consistent sales numbers were given by Kia (3% gain), Tata (1.8% gain) and Volkswagen (1.7% gain).
• Citroen were the top loser with a 45% lower MoM dispatch figure.
• Skoda were the top MoM gainer, with a 23.55% growth.

Segment-Wise November 2022 Car Sales - YoY Change

• In terms of YoY change, the B2-segment was the biggest gainer, posting a YoY growth of 52%
• The B2-segment was followed by the C and D1-segments, with YoY growth of 39.4% in November 2022
• In terms of YoY comparison, all segments witnessed growth except the A-segment, which has been showing a downward trend on YoY comparison analysis. The A-segment witnesses a YoY decline of 19% in the month of November

Segment-Wise November 2022 Car Sales - MoM Change

• In terms of MoM comparison for the month of November, 5 of the 6 segments saw a decline in their sales figures
• Among the falling segments, A-segment sales dropped by 26.4%, followed by B1-segment with 10% fall, 9.36% fall for D1-segment and 1.66% fall for the D2-segment in November MoM comparison
• The B2-segment saw a gain of 5% in terms of MoM change and was the top-gaining segment
• C and D2-segment dispatches declined. However, the decline was under 2% so they can be considered fairly consistent

Body-Wise November 2022 Car Sales - YoY Change

• Sedans witnessed the biggest YoY growth of roughly 60% in November 2022 compared to November 2021
• The SUV was the best-selling body style in India. It was followed by hatchbacks
• All body-styles’ sales were up in the past year, starting November 2021, except MPVs, which saw a decline of 4.13%

Body-Wise November 2022 Car Sales - MoM Change

• In the MoM comparison for November 2022, only sedans and MPVs witnessed any growth in sales, a minimal increase of just around 2%
• Pickups were the biggest losers with 50% decrease in sales
• Pickups were followed by hatchbacks in decrease rate with 10% drop in dispatches in November compared to October
• Pickups are not a popular body-style among Indian buyers and it is evident from the numbers

Note: Check your Car EMI with our - Car Loan EMI Calculator

You can use our Fuel Cost Calculator to see how much any petrol, diesel or CNG car will cost to run based on the latest fuel price in your city.

Fuel Cost Calculator in India