December 2022 Cars Sales Analysis - Full Analysis With YoY, MoM Change

Brand-Wise December 2022 Car Sales - YoY Change

• In terms of percentage, Citroen posted the best YoY improvement of over 3,700% because of the low numbers in December 2021. It is worth noting that Citroen is not yet a mass volume manufacturer in India.
• Among the mass volume carmakers, Kia posted the best growth in December YoY comparison, with a 95% rise in sales.
• Mahindra posted the second best YoY growth of around 62%.
• The biggest losers were Nissan and Jeep with 27.42% and 16% decline, respectively, in YoY dispatch numbers in December.
• Datsun as a brand stopped producing cars over the past year.

Brand-Wise December 2022 Car Sales - MoM Change

• In terms of MoM change, most brands saw a decline in dispatches in December over November 2022. 
• The 4 brands that saw a growth or remained strictly consistent in dispatch numbers as the previous month, are — Citroen, Honda, Skoda and Volkswagen.
• Speaking of gainers, the top performing brand in terms of MoM comparison for the month of December was Volkswagen with 24% increase in dispatch, followed by Citroen with 11.5% growth.
• Honda remained more or consistent with November’s dispatches in December with a nominal 0.16% growth in dispatch numbers.
• Kia was the top losing brand with 58.23% decline in MoM dispatches in December compared to November.
• Kia was followed by Hyundai with a 23.62% decline in dispatches in December over November.

Segment-Wise December 2022 Car Sales - YoY Change

• In terms of YoY change, the D1-segment was the biggest gainer, posting a YoY growth of 45%
• The D1-segment was followed by the C and B2-segments, with YoY growth of 38% and 11% in December 2022, respectively
• In terms of YoY comparison, all segments witnessed growth except the A and B1-segment, which witnessed a decline of 31% and 7% on the YoY comparison analysis for the month of December

Segment-Wise December 2022 Car Sales - MoM Change

• In terms of MoM comparison for the month of December, all the segments saw a decline in their sales figures
• Among the falling segments, D2-segment was the top losing with 29% decline in the MoM comparison for December
• A-segment and D1-segment saw the second highest MoM decline of all, of around 21% for each
• The B2-segment saw a gain of 5% in terms of MoM change and was the top-gaining segment
• C -segment dispatches saw the lowest decline in MoM comparison (6%)

Body-Wise December 2022 Car Sales - YoY Change

• Sedans witnessed the biggest YoY growth of roughly 38% in December 2022 compared to December 2021
• The SUV was the best-selling body style in India. It was followed by hatchbacks, which suffered a 15% loss in sales in December 2022 compared to December 2021

Body-Wise December 2022 Car Sales - MoM Change

• All body types suffered a decline in numbers in Decembers
• Pickups were the biggest losers with 86% decrease in sales
• Pickups were followed by hatchbacks in decrease rate with 22% drop in dispatches in December compared to November
• Pickups are not a popular body-style among Indian buyers and it is evident from the numbers

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