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October 2023 Toyota Car Sales Analysis - YoY, MoM Change, 6-Month Trend | V3Cars

In this October 2023 Toyota car sales analysis article, we’ll look at the car sales of Toyota for the previous month. We’ll also compare the YoY and MoM change to find out which Toyota cars’ sales improved and which ones declined. Lastly, the table with monthly sales for the last 6 months will give you an idea about the 6-month sales trend of all Toyota cars.

October 2023 Toyota Car Sales Analysis

October 2023 - Toyota Car Sales Figures - YoY Change

  • Top Gainers:
    • Innova Crysta/HyCross (D1 MPV): Innova Crysta/HyCross stands out as the top gainer with a remarkable YoY change of 118.86%. This significant increase in sales could be attributed to factors such as customer demand for MPVs, updates to the model, or effective marketing strategies.
    • Camry (D2 Sedan): Camry showed a substantial YoY increase of 233.9%. This surge in sales may be influenced by factors like the sedan's reputation, customer preferences for sedans, or specific enhancements made to the Camry model.
    • Hilux (D2 Pickup): Hilux experienced a strong YoY change of 141.33%, indicating increased demand for pickups. This could be driven by factors such as commercial use, utility, or specific features of the Hilux model.
  • Top Losers:
    • Vellfire (D2 MPV): Vellfire faced a significant decline with a YoY change of 96.59%. This substantial drop may be due to various factors, such as changes in market demand, competition, or specific challenges faced by the Vellfire model.
  • Other Observations:
    • SUV and MPV Dominance: The top gainers include MPVs (Innova Crysta/HyCross) and a Sedan (Camry) along with the SUV (Hilux), showcasing a diverse range of body types experiencing growth.
    • Hatchback Success: Glanza, a hatchback in the B2 segment, showed a positive YoY change of 25.4%, indicating success in the hatchback category.
    • Diverse Model Performance: The performance of models in different segments (MPV, Hatch, SUV, Sedan, Pickup) highlights Toyota's diverse portfolio and its ability to cater to various consumer preferences.
  • In summary, the analysis underscores the success of models like Innova Crysta/HyCross, Camry, and Hilux, while also pointing out challenges faced by the Vellfire model. The positive performance across different body types indicates Toyota's ability to appeal to a broad range of customers.

Also read: Toyota Taisor Variant-Wise Expected Price — #WithLogic | V3Cars

TOYOTA CAR SALES - OCTOBER 2023

YOY CHANGE

Rank

Model

Segment

Body-Type

Oct 2023

Oct 2022

Change

%Change

Trend

1

Innova Crysta/HyCross

D1

MPV

8,183

3,739

4,444

118.86%

2

Glanza

B2

Hatch

4,724

3,767

957

25.4%

3

Hyryder

C1

SUV

3,987

3,384

603

17.82%

4

Fortuner

D2

SUV

2,475

2,031

444

21.86%

5

Rumion

D1

MPV

792

-

-

-

-

6

Camry

D2

Sedan

197

59

138

233.9%

7

Hilux

D2

Pickup

181

75

106

141.33%

8

Vellfire

D2

MPV

3

88

-85

-96.59%

October 2023 - Toyota Car Sales Figures - MoM Change

  • Top Gainers:
    • Hilux (D2 Pickup): Hilux stands out as the top gainer with a significant MoM change of 26.57%. 
    • Hyryder (C1 SUV): Hyryder showed a positive MoM change of 4.81%.
  • Top Losers:
    • Rumion (D1 MPV): Rumion faced a significant decline with a MoM change of 45.79%. This substantial drop may be influenced by factors such as market dynamics, competition, or specific challenges faced by the Rumion model.
    • Camry (D2 Sedan): Camry experienced a notable MoM decrease of 23.94%. This decline could be due to various factors, such as seasonal fluctuations, changes in consumer preferences, or specific challenges with the Camry model.
  • Other Observations:
    • Stable Performers: Glanza (B2 Hatch) showed a very marginal MoM change of -0.06%, indicating stability in its sales. 
    • MPV and SUV Trends: The top gainer (Hilux) is a pickup, while the top loser (Rumion) and notable decliner (Fortuner) are both in the SUV and MPV segments, emphasising the variability within these categories.
  • In summary, the analysis highlights the success of the Hilux model in October, while also pointing out challenges faced by models like Rumion and Camry. The diverse performance across different segments indicates the influence of various factors on individual model sales.

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TOYOTA CAR SALES - OCTOBER 2023

MOM CHANGE

Rank

Model

Segment

Body-Type

Oct 2023

Sep 2023

Change

%Change

Trend

1

Innova Crysta/HyCross

D1

MPV

8,183

8,900

-717

-8.06%

2

Glanza

B2

Hatch

4,724

4,727

-3

-0.06%

3

Hyryder

C1

SUV

3,987

3,804

183

4.81%

4

Fortuner

D2

SUV

2,475

2,874

-399

-13.88%

5

Rumion

D1

MPV

792

1,461

-669

-45.79%

6

Camry

D2

Sedan

197

259

-62

-23.94%

7

Hilux

D2

Pickup

181

143

38

26.57%

8

Vellfire

D2

MPV

3

0

3

-

-

Toyota  — 6-Month Sales Trend (May 2023 - October 2023)

TOYOTA CARS 6 MONTH SALES TREND

MAY 2023 - OCTOBER 2023

Model

Segment

Body-Type

May 2023

Jun 2023

Jul 2023

Aug 2023

Sep 2023

Oct 2023

6 Month Avg

Innova Crysta/HyCross

D1

MPV

7,776

8,361

8,935

8,666

8,900

8,470

8,518

Glanza

B2

Hatch

5,179

3,467

4,902

2,932

4,727

4,322

4,255

Hyryder

C1

SUV

3,090

2,821

3,387

4,121

3,804

3,535

3,460

Fortuner

D2

SUV

2,887

3,086

3,129

2,825

2,874

2,879

2,947

Rumion

D1

MPV

-

-

-

112

1,461

394

656

Hilux

D2

Pickup

300

318

216

133

143

215

221

Camry

D2

Sedan

142

184

190

181

259

192

191

Vellfire

D2

MPV

5

0

0

0

0

1

1

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ABOUT THE AUTHOR

Prathu Sharma

Engineer by upbringing, artist by passion, motorhead because ,why not! Likes to know about everything related to technology, switches between american muscle and german innovation depending on the day. Wants to own 69' Mustang Mach 1 and to drive BMW M3 87'someday.

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