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November 2022 Full Sales Analysis - YoY, MoM Change, 6-Month Trend

November 2022 Cars Sales Analysis - Full Analysis With YoY, MoM Change | V3Cars

In this November 2022 cars sales analysis article, we’ll look at the YoY and MoM change in sales figures for each carmaker, segment and body style 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.

November Full Sales Analysis

Brand-Wise November 2022 Car Sales - YoY Change

  • In terms of percentage, Citroen posted the best YoY improvement of over 1,400% because of the low numbers in November 2021. It is worth noting that Citroen is not yet a mass volume manufacturer in India.
  • Among the mass volume carmakers, Skoda posted the best growth in November YoY comparison, with a 102% rise in sales.
  • MG posted the second best YoY growth of around 64.41%.
  • The only losers were Jeep and Toyota with 15% and 9.5% decline, respectively, in YoY dispatch numbers in November.
  • Most brands posted a healthy YoY gain in dispatch numbers.
  • Datsun as a brand stopped producing cars over the past year.

BRAND-WISE NOVEMBER 2022 CAR SALES

YOY CHANGE

Brand

Nov 2022

Nov 2021

Change

% Change

Trend

Citroen

825

52

773

1,486.54%

Datsun

0

259

-259

-

-

Honda

7,051

5,457

1,594

29.21%

Hyundai

48,002

37,001

11,001

29.73%

Jeep

894

1,052

-158

-15.02%

Kia

24,025

14,214

9,811

69.02%

Mahindra

30,266

19,384

10,882

56.14%

Maruti Suzuki

1,32,395

1,09,722

22,673

20.66%

MG

4,079

2,481

1,598

64.41%

Nissan

2,400

2,392

8

0.33%

Renault

6,325

5,052

1,273

25.20%

Skoda

4,433

2,196

2,237

101.87%

Tata

46,040

29,780

16,260

54.60%

Toyota

11,765

13,002

-1,237

-9.51%

Volkswagen

3,570

3,154

416

13.19%

Brand-Wise November 2022 Car Sales - MoM Change

  • In terms of MoM change, 9 out of 14 brands saw a decline in sales in November over October 2022. 
  • The remaining 4 saw a growth or remained strictly consistent in dispatch numbers as the previous month, case in point - Hyundai, which dispatched just 1 more unit in November than October.
  • Other than Hyundai, consistent sales numbers were given by Kia (3% gain), Tata (1.8% gain) and Volkswagen (1.7% gain).
  • Citroen were the top loser with a 45% lower MoM dispatch figure.
  • Skoda were the top MoM gainer, with a 23.55% growth.

BRAND-WISE NOVEMBER 2022 CAR SALES

MoM CHANGE

Brand

Nov 2022

Oct 2022

Change

% Change

Trend

Citroen

825

1,195

-370

-44.85%

Honda

7,051

9,543

-2,492

-35.34%

Hyundai

48,002

48,001

1

0.00%

-

Jeep

894

1,136

-242

-27.07%

Kia

24,025

23,323

702

2.92%

Mahindra

30,266

32,226

-1,960

-6.48%

Maruti Suzuki

1,32,395

1,40,337

-7,942

-6.00%

MG

4,079

4,367

-288

-7.06%

Nissan

2,400

3,061

-661

-27.54%

Renault

6,325

7,778

-1,453

-22.97%

Skoda

4,433

3,389

1,044

23.55%

Tata

46,040

45,220

820

1.78%

Toyota

11,765

13,143

-1,378

-11.71%

Volkswagen

3,570

3,510

60

1.68%

Segment-Wise November 2022 Car Sales - YoY Change

  • In terms of YoY change, the B2-segment was the biggest gainer, posting a YoY growth of 52%
  • The B2-segment was followed by the C and D1-segments, with YoY growth of 39.4% in November 2022
  • In terms of YoY comparison, all segments witnessed growth except the A-segment, which has been showing a downward trend on YoY comparison analysis. The A-segment witnesses a YoY decline of 19% in the month of November

SEGMENT-WISE NOVEMBER 2022 CAR SALES

YOY CHANGE

S.No.

Segment

Nov 2022

Nov 2021

Change

% Change

Trend

1

A

29,414

36,338

-6,924

-19.05%

2

B1

60,151

49,494

10,657

21.53%

3

B2

1,36,238

89,699

46,539

51.88%

4

C

63,919

45,826

18,093

39.48%

5

D1

29,083

20,864

8,219

39.39%

6

D2

3,265

2,870

395

13.76%

Segment-Wise November 2022 Car Sales - MoM Change

  • In terms of MoM comparison for the month of November, 5 of the 6 segments saw a decline in their sales figures
  • Among the falling segments, A-segment sales dropped by 26.4%, followed by B1-segment with 10% fall, 9.36% fall for D1-segment and 1.66% fall for the D2-segment in November MoM comparison
  • The B2-segment saw a gain of 5% in terms of MoM change and was the top-gaining segment
  • C and D2-segment dispatches declined. However, the decline was under 2% so they can be considered fairly consistent

SEGMENT-WISE NOVEMBER 2022 CAR SALES

MOM CHANGE

S.No.

Segment

Nov 2022

Oct 2022

Change

% Change

Trend

1

A

29,414

39,987

-10,573

-26.44%

2

B1

60,151

66,943

-6,792

-10.15%

3

B2

1,36,238

1,29,873

6,365

4.9%

4

C

63,919

64,018

-99

-0.15%

5

D1

29,083

32,088

-3,005

-9.36%

6

D2

3,265

3,320

-55

-1.66%

Body-Wise November 2022 Car Sales - YoY Change

  • Sedans witnessed the biggest YoY growth of roughly 60% in November 2022 compared to November 2021
  • The SUV was the best-selling body style in India. It was followed by hatchbacks
  • All body-styles’ sales were up in the past year, starting November 2021, except MPVs, which saw a decline of 4.13%

BODY-WISE NOVEMBER 2022 CAR SALES

YOY CHANGE

S.No.

Body Style

Nov 2022

Nov 2021

Change

% Change

Trend

1

Hatch

1,07,929

89,926

18,003

20.02%

2

Sedan

36,697

23,000

13,697

59.55%

3

SUV

1,41,754

1,08,508

33,246

30.64%

4

MPV

35,653

37,188

-1,535

-4.13%

5

Pickup

37

0

37

-

-

Body-Wise November 2022 Car Sales - MoM Change

  • In the MoM comparison for November 2022, only sedans and MPVs witnessed any growth in sales, a minimal increase of just around 2%
  • Pickups were the biggest losers with 50% decrease in sales
  • Pickups were followed by hatchbacks in decrease rate with 10% drop in dispatches in November compared to October
  • Pickups are not a popular body-style among Indian buyers and it is evident from the numbers

BODY-WISE NOVEMBER 2022 CAR SALES 

MOM CHANGE

S.No.

Body Style

Nov 2022

Oct 2022

Change

% Change

Trend

1

Hatch

1,07,929

1,20,784

-12,855

-10.64%

2

Sedan

36,697

36,100

597

1.65%

3

SUV

1,41,754

1,44,412

-2,658

-1.84%

4

MPV

35,653

34,858

795

2.28%

5

Pickup

37

75

-38

-50.67%

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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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