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Car Sales Analysis - 20 Top Selling Cars | January 2024

January 2024 Car Sales Analysis – 20 Top-Selling Cars | V3Cars

In this January 2024 cars sales analysis article, we’ll look at the YoY and MoM change for the 20 top-selling cars of January 2024. Using this data, we will also provide our observations and insights on the reasons for significant improvements or declines in sales, where relevant.

20 Top Selling Cars - January 2024

January 2024 - 20 Top-Selling Cars YoY Change

  • Top 3 Gainers:
    • Toyota’s Innova Crysta/HyCross with a YoY change of 558.72%.
    • Maruti Nexa’s Grand Vitara with a YoY change of 55.14%.
    • Mahindra’s Scorpio N + Classic with a YoY change of 64.00%.
  • Top 3 Losers:
    • Maruti Suzuki’s Alto K10 with a YoY change of -42.11%.
    • Hyundai’s Creta with a YoY change of -12.14%.
    • Maruti Suzuki’s WagonR with a YoY change of -13.24%.
  • Maruti Nexa’s Baleno is the top-selling car in January 2024 with 19,630 units sold, a 20.01% increase from January 2023.
  • Tata’s Punch and Maruti Suzuki’s Dzire have seen significant growth with YoY changes of 49.74% and 48.21% respectively.
  • Maruti Suzuki’s Alto K10 has seen a significant decrease in sales, with a YoY change of -42.11%.
  • Two new models, Maruti Nexa’s Fronx and Hyundai’s Exter, have entered the market in 2024 and have made it to the top 20 list.
  • Toyota’s Innova Crysta/HyCross has seen the highest YoY percentage change of 558.72%, although the absolute increase in sales is not the highest.
  • Maruti Suzuki has the most models (7 out of 20) in the top-selling cars list.
  • Despite the overall increase in sales for most models, some popular models like Maruti Suzuki’s WagonR, Swift, and Hyundai’s Creta have seen a decrease in sales compared to the previous year.
  • These insights provide a snapshot of the dynamic nature of the car market, with consumer preferences shifting and new models making their mark. It’s also worth noting that Maruti Suzuki continues to dominate the market with multiple models in the top 20 list.

20 TOP-SELLING CARS - JANUARY 2024

YoY CHANGE

S.No.

Brand

Model

Jan 2024

Jan 2023

Change

%Change

Trend

1

Maruti Nexa

Baleno

19,630

16,357

3,273

20.01

2

Tata

Punch

17,978

12,006

5,972

49.74

3

Maruti Suzuki

WagonR

17,756

20,466

-2,710

-13.24

4

Tata

Nexon

17,182

15,567

1,615

10.37

5

Maruti Suzuki

Dzire

16,773

11,317

5,456

48.21

6

Maruti Suzuki

Swift

15,370

16,440

-1,070

-6.51

7

Maruti Suzuki

Brezza

15,303

14,359

944

6.57

8

Maruti Suzuki

Ertiga

14,632

9,750

4,882

50.07

9

Mahindra

Scorpio N + Classic

14,293

8,715

5,578

64.00

10

Maruti Nexa

Fronx

13,643

-

13,643

-

-

11

Maruti Nexa

Grand Vitara

13,438

8,662

4,776

55.14

12

Hyundai

Creta

13,212

15,037

-1,825

-12.14

13

Maruti Suzuki

Alto K10

12,395

21,411

-9,016

-42.11

14

Maruti Suzuki

Eeco

12,019

11,709

310

2.65

15

Hyundai

Venue

11,831

10,738

1,093

10.18

16

Kia

Sonet

11,530

9,261

2,269

24.50

17

Mahindra

Bolero + Neo

9,964

8,574

1,390

16.21

18

Toyota

Innova Crysta/HyCross

9,400

1,427

7,973

558.72

19

Hyundai

Exter

8,229

-

8,229

-

-

20

Mahindra

XUV700

7,206

5,787

1,419

24.52

Jan 2024 - 20 Top-Selling Cars MoM Change

  • Maruti Nexa Baleno saw a remarkable surge, with sales increasing by 8,961 units, representing a staggering 83.99% growth compared to December 2023.
  • Tata Punch experienced a healthy rise, selling 4,191 units more than the previous month, resulting in a 30.4% increase.
  • Maruti Suzuki WagonR had an impressive performance, selling 9,178 units more in January 2024, reflecting a substantial 106.99% growth.
  • Tata Nexon witnessed a modest increase of 1,898 units, translating to a 12.42% rise.
  • Maruti Suzuki Dzire showed steady growth, selling 2,761 units more, representing a 19.7% increase.
  • Maruti Suzuki Swift performed well, with sales rising by 3,527 units, indicating a 29.78% growth.
  • Maruti Suzuki Brezza had a decent month, selling 2,459 units more, resulting in a 19.15% increase.
  • Maruti Suzuki Ertiga saw a moderate rise, selling 1,657 units more, reflecting a 12.77% growth.
  • Mahindra Scorpio N + Classic experienced strong demand, selling 2,938 units more, representing a 25.87% increase.
  • Maruti Nexa Fronx had an impressive performance, selling 3,951 units more, resulting in a 40.77% growth.
  • Notable observations:
    • Maruti Suzuki models dominate the list, with consistent growth across various segments.
    • Tata and Hyundai also made significant contributions to the overall sales.
    • The Kia Sonet stands out with an astonishing 115200% increase, although the base sales were quite low in December 2023.
  • Top Gainers:
    • Maruti Nexa Baleno:
      • Sales surged by an impressive 8,961 units, representing a staggering 83.99% growth compared to December 2023.
      • The Baleno continues to be a popular choice among buyers.
    • Maruti Suzuki WagonR:
      • This model had an outstanding performance, selling 9,178 units more in January 2024.
      • The substantial 106.99% growth indicates strong demand.
    • Maruti Suzuki Swift:
      • Sales rose by 3,527 units, reflecting a 29.78% growth.
      • The Swift remains a consistent performer in the market.
    • Maruti Nexa Fronx:
      • Impressive sales growth of 3,951 units, resulting in a 40.77% increase.
      • The Fronx seems to have struck a chord with buyers.

20 TOP-SELLING CARS - JANUARY 2024

MoM CHANGE

S.No.

Brand

Model

Jan 2024

Dec 2023

Change

%Change

Trend

1

Maruti Nexa

Baleno

19,630

10,669

8,961

83.99%

2

Tata

Punch

17,978

13,787

4,191

30.4%

3

Maruti Suzuki

WagonR

17,756

8,578

9,178

106.99%

4

Tata

Nexon

17,182

15,284

1,898

12.42%

5

Maruti Suzuki

Dzire

16,773

14,012

2,761

19.7%

6

Maruti Suzuki

Swift

15,370

11,843

3,527

29.78%

7

Maruti Suzuki

Brezza

15,303

12,844

2,459

19.15%

8

Maruti Suzuki

Ertiga

14,632

12,975

1,657

12.77%

9

Mahindra

Scorpio N + Classic

14,293

11,355

2,938

25.87%

10

Maruti Nexa

Fronx

13,643

9,692

3,951

40.77%

11

Maruti Nexa

Grand Vitara

13,438

6,988

6,450

92.3%

12

Hyundai

Creta

13,212

9,243

3,969

42.94%

13

Maruti Suzuki

Alto K10

12,395

2,497

9,898

396.4%

14

Maruti Suzuki

Eeco

12,019

10,034

1,985

19.78%

15

Hyundai

Venue

11,831

10,383

1,448

13.95%

16

Kia

Sonet

11,530

10

11,520

115200%

17

Mahindra

Bolero + Neo

9,964

7,995

1,969

24.63%

18

Toyota

Innova Crysta/HyCross

9,400

7,832

1,568

20.02%

19

Hyundai

Exter

8,229

7,516

713

9.49%

20

Mahindra

XUV700

7,206

5,881

1,325

22.53%

Note: If You Want to Buy a New Car, Calculate Car Loan EMI with V3Cars

Top 20 Sellings Cars— 6-Month Sales Trend (Aug 2023 - Jan 2024)

Top 20 Selling Cars | Monthly Sales Trend

Brand

Model

Aug 2023

Sep 2023

Oct 2023

Nov 2023

Dec 2023

Jan 2024

6 Month Avg

Maruti Nexa

Baleno

18,516

18,417

16,594

12,961

10,669

19,630

16,131

Tata

Punch

14,523

13,036

15,317

14,383

13,787

17,978

14,837

Maruti Suzuki

WagonR

15,578

16,250

22,080

16,567

8,578

17,756

16,135

Tata

Nexon