February 2023 Cars Sales Analysis - Full Analysis With YoY, MoM Change

Brand-Wise February 2023 Car Sales - YoY Change

• In terms of percentage, Citroen posted the best YoY improvement of about 456% because of the low numbers in February 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 February YoY comparison, with a 74% rise in sales.
• Kia posted the second best YoY growth of around 36%.
• The biggest losers were Jeep and Skoda with 29.51% and 24% decline, respectively, in YoY dispatch numbers in February.
• Honda sales dropped by about 25% in January YoY comparison but reported a 6.62% growth trend in February YoY comparison.

Brand-Wise February 2023 Car Sales - MoM Change

• Citroen was the top losing brand in MoM comparison for February with a 59% decline in numbers
• Citroen was Nissan and Honda with 22% decline in sales numbers in February
• Reanult was the top gaining brand with a 120% growth in MoM dispatches in February compared to January
• Reanult was followed by Toyota with a 20% growth in dispatches in February over January

Segment-Wise February 2023 Car Sales - YoY Change

• In terms of YoY change, the D1-segment was the biggest gainer, posting a YoY growth of 16.33%
• The D1-segment was followed by the B2-segment, with a YoY growth of 16% in February 2023
• The B1-segment witnessed a YoY growth of 13% in our February 2023 comparison analysis
• In terms of YoY comparison, all segments witnessed growth except the A-segment, which witnessed a decline of 9% in the February YoY comparison analysis

Segment-Wise February 2023 Car Sales - MoM Change

• In terms of MoM comparison for the month of February, all segments, except B2-segment, witnessed a decrease in their sales figures in comparison to sales in January 
• The B2-segment reported a MoM growth of 6%
• The C-segment saw the highest MoM decline of all, of around 20%
• The D2-segment followed the C-segment with a 14% decrease

Body-Wise February 2023 Car Sales - YoY Change

• SUVs witnessed the biggest YoY growth of 20.35% in February 2023 compared to February 2022
• The SUV was the best-selling bodystyle in India. It was closely followed by hatchbacks, which saw a 10% gain in sales in February 2023 compared to February 2022
• MPVs suffered a 6.28% decline in sales in February YoY comparison analysis
• Sedans also saw a 4.33% decline in sales in February

Body-Wise February 2023 Car Sales - MoM Change

• SUVs were the top loser by reporting a 7.3% decline in MoM comparison to January sales figures
• SUVs were followed by MPVs with 6.1% drop in dispatches in February compared to January
• Pickups are not a popular body-style among Indian buyers and it is evident from the numbers
• Among the winners, sedans were the top gaining bodystyle with over 35,000 units sold in February, compared to almost 32,000 in January, witnessing a rise of over 11% in monthly sales
• Hatchbacks also reported a decline of 1.4% in MoM sales comparison

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