Sedans see yet another 10% decline in sales in Jan 2021 on YoY basis!

The assault of the compact SUV segment on the sedan segment continues. The sales figures of January 2021 reflect the decline in sales of the sedan segment by over 10% on a YoY basis. Whereas in January 2020, the total number of sedans sold in India was 39,473, in January 2021, this number shrank to 35,330 cars only. This is a significant decline in sales for the entire segment. While the sub-segments may have seen some increase in sales, but the overall scenario for the sedans looks grim. Needless to mention, this is a direct consequence of the massive and exponential growth of the compact SUV segment in India. They have eaten away the market share of the sedans and have established themselves as the fastest-growing car segment in the country. To be more specific, this trend of the SUVs is similar all over the globe, with sedans taking a back seat now. This trend does not seem to turn back anytime soon and we might have witnessed the end of the sedan segment as we knew it. Of…