Luxury Car Retail Sales Statistics for December 2021
As per the reports shared by FADA, Luxury Cars Retails in India for December saw an upward trend and grew by 19.7% when compared to December 2020. Luxury Car Sales is usually the highest in December and is a high sales month where OEMs continue to offer the best discounts to clear the inventory due to change of year. Hence the luxury car registrations is a clear indication of how the demand still persists and the economy too is on a positive note currently.
The luxury segment volumes increased by almost 20% YoY while the overall passenger vehicle sales reported a decline of near to -11% YoY. Probably the higher inventory of the luxury cars at the dealerships/OEMs would have led to the growth trend.
Mercedes Benz maintained its leadership in the luxury cars segment and commanded over 43% Market Share. Mercedes has slowly emerged as the 'Maruti' of the Luxury Cars space and commands a dominant share in the segment.
BMW has been aggressive too with a series of new model launches/upgrades. The volumes hence registered a growth of 27% YoY and just 185 units short of Mercedes. Do note that 80% of the luxury segment is owned by Mercedes+BMW!
JLR retails stood at 154 units in December 2021, down from 194 units in December 2020. JLR has also registered the highest drop in Market Share last month.
Audi has been gaining back volumes strongly and Dec'21 sales is a testimony of it. The automaker is just inches away from JLR to regain its third position and recorded an impressive 243% YoY growth in Dec'21. It also gained the highest Market Share when compared to its peers in December 2021.
1- The above numbers do not have figures from AP, MP, LD & TS as they are not yet on Vahan 4.
2- Vehicle Retail Data has been collated as on 03.01.22 in collaboration with Ministry of Road Transport & Highways, Government of India, and has been gathered from 1,379 out of 1,590 RTOs.
3- CV is subdivided in the following manner
a. LCV – Light Commercial Vehicle (incl. Passenger & Goods Vehicle)
b. MCV – Medium Commercial Vehicle (incl. Passenger & Goods Vehicle)
c. HCV – Heavy Commercial Vehicle (incl. Passenger & Goods Vehicle)
d. Others – Construction Equipment Vehicles and others