Q4 2022 Quarterly Car Sales Analysis - Brand-Wise YoY, QoQ Change, Trend | V3Cars
In this quarterly car sales analysis article, we’ll look at the manufacturer-wise sales figures in Q4 2022 along with the YoY and QoQ 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. Lastly, the table with quarterly sales figures in 2022 will give you an idea about the quarterly sales trend of car sales for all manufacturers.
Brand-Wise Q4 2022 Car Sales - YoY Change
- Most brands reported a growth in the fourth quarter of 2022 compared to their car sales figures from Q4 2021. The only brands that witnessed a drop in sales were Datsun (defunct), Jeep, Nissan and Toyota.
- In terms of percentage, Citroen posted the best YoY improvement of over 2,000% in Q4 of 2022 because of the low numbers in Q4 of 2021. It is worth noting that Citroen is not yet a mass volume manufacturer in India.
- Among the mass volume carmakers, Kia posted the best growth in Q4 2022 comparison analysis, with a 63% rise in sales in Q4 of 2022 over Q4 of 2021.
- Mahindra posted the second best YoY growth of around 60% in Q4 of 2022 versus Q4 of 2021.
- The biggest losers were Jeep and Nissan with about 15% decline in sales in Q4 of 2022 compared to Q4 of 2021.
- Nissan’s cousin Renault barely saved itself from a decline in quarterly numbers, with just 0.68% growth in the fourth quarter of 2022 compared to that of Q4 2021.
- Datsun stopped operating in India over the past year, with just 780 units sold in the last quarter of 2021. That is an exceptionally low number considering their target market. Datsun was competing with strong rivals like Maruti Suzuki and Hyundai, which sold over 4 lakh units combined across all segments.
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Brand-Wise Q4 2022 Car Sales - QoQ Change
- In terms of QoQ change, most brands saw a decline in dispatches over Q3 of 2022.
- The 5 brands that saw a growth, or remained fairly consistent in dispatch numbers, as the previous quarter are — Citroen, Honda, MG, Skoda and Volkswagen.
- Speaking of gainers, the top performing brand in terms of QoQ comparison for the year of 2022 was Volkswagen with 30% increase in dispatch, followed by MG with 6% quarterly growth.
- Honda remained more or less consistent with Q3’s dispatches in Q4, with a nominal 1.67% growth in dispatch numbers.
- Toyota was the top losing brand with 29.4% decline in dispatches in Q4 compared to Q3.
- Toyota was followed by Nissan, with a 26% decline in dispatches in Q4 over Q3 of 2022.
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Car Brands — Brands’ Quarterly Sales Trend (Q1 2022 - Q4 2022)
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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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