Top 5 selling cars of Dec’18 – Contest

The Industry is going through a topsy turvy phase and a lots of ups and downs has been seen in the list of best selling cars for Dec’18.

This month statistics has been pretty interesting and we thought of announcing a 1-day contest where our readers can participate and guess the Top-5 selling cars of the month!

The rules of the contest shall be –

  • You need to click on the comment button on the post submit your entry
  • Please ensure the right mail id is entered while sharing your details in the comment box. This shall help us contact you correctly.
  • The Top 5 selling cars could be named in any order (i.e ranking of the model can vary; however the model shall be included in the list). Ex: ‘Product A’ could be the second best selling car of Dec’18. However, for this contest to make things easier; the mention of the product name shall be enough.
  • The contest is valid only for today (4th Jan 2019) and no entries post this date shall be considered.

So what’s in it if you win the contest?

The first 5 right guesses (winners) shall be featured as a ‘Pundit’ in our next post with a small intro of theirs. And yes; they shall also avail the exclusive repository of the data we collate about the industry!

Why wait, hit the comment button right now!

December 2018 Car Sales – Snapshot

December being a year-end is generally a lull month in terms of Wholesales (dispatches from OEMs to Dealers). However, the end consumer retails is one of the highest among all months citing high discounts.

Dec’18 was again a tough month for the Indian Auto Industry and was stagnant when compared to same period last year. The situation is going even worse for the challenging brands (bottom 6 OEMS) where dip in volumes is hitting their bottom lines really hard and justifying the heavy investment is getting even more difficult. The condition for the dealerships are also at a critical stage as they are carrying an average of 45 days stock and their profitability is thinning as well due to additional discounts being offered from their margins to liquidate stock.

Factors that has affected the overall industry in the past few months are:

  • Increase in Fuel Prices – The Fuel Prices had sky rocketed this year and has affected consumer sentiments at large. However, in Dec’18 the fuel prices dropped to the all time low for the year.
  • Weakening of Rupee – OEMs are sourcing parts from various country and weakening of rupee affects their overall transactions.
  • Rising Interest Rates – The change in IRR has increased the overall car loan rates and has made it more difficult to buy a car in recent times!
  • Volatile Stock Market – Lot of money is lost in the fluctuation in the stock market. Not a good time to buy a car, eh?

Let’s see how the OEMs fared in Dec’18 –

  • Maruti Suzuki could grow a nominal 1% in Dec’18 v/s Dec’17. However; even with this performance Maruti registered its all time best December month sales figure!
  • Even with a recent big launch executed (Santro); Hyundai’s YoY growth was just 5%. Can you imagine Hyundai’s condition sans Santro?
  • Tata could again pip Mahindra from the third spot! The fight for the Third Rank is going to get hotter with 2 new launches from the Indian OEMs – Harrier from Tata & XUV300 from Mahindra are going to shape 2019 performance for their respective OEMs
  • Honda could grow a modest 4% in Dec’18 v/s same period last year. The New Amaze has helped the Japanese MNC sustain its volumes this year.
  • Renault, VW, Nissan, Skoda & FCA have all registered double-digit degrowth! The bottom 6 are finding it extremely tough to maintain their Market Share and are losing their ground mercilessly.

How the Market Shares fluctuated in Dec’18 v/s Dec’17 –

  • Maruti was again successful in garnering >50% Market Share. The Market Share has grown by 0.5% YoY
  • Hyundai has gained the highest market share with an increment of 0.8% v/s last year
  • FCA has lost the highest Market Share in Dec’18 due to the dwindling volumes of its flagship Compass.