Published : 21 June 2023
Read Time : 5 min
Author: Prathu Sharma
In this May 2023 cars sales analysis article, we’ll look at the bodystyle-wise sales figures along with the YoY and MoM change for each carmaker in India. Where applicable, we’ll also include our observations based on the sales data and possible reasons behind a massive increase or drop in sales, where applicable. 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.
In this May 2023 cars sales analysis article, we’ll look at the bodystyle-wise sales figures along with the YoY and MoM change for each carmaker in India. Where applicable, we’ll also include our observations based on the sales data and possible reasons behind a massive increase or drop in sales, where applicable. 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.
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.
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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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Body-Wise — 6-Month Sales Trend (Dec 2022 - May 2023)
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