April 2024 Toyota Car Sales Analysis - YoY, MoM Change, 6-Month Trend | V3Cars

In this April 2024 Toyota car sales analysis article, we’ll look at the car sales of Toyota for the previous month. We’ll also compare the YoY and MoM change to find out which Toyota cars’ sales improved and which ones declined. Lastly, the table with monthly sales for the last 6 months will give you an idea about the 6-month sales trend of all Toyota cars.

Toyota Car Sales

April 2024 - Toyota Car Sales Figures - YoY Change

  • Top Gainers:
    • Innova Crysta & Innova HyCross: The Toyota Innova Crysta and Innova HyCross MPVs stand out as the top gainers with a significant year-on-year increase of 46.85% in sales. This indicates a strong surge in demand for this model, possibly due to updates, enhancements, or promotional activities.
    • Hyryder: The Toyota Hyryder SUV experienced a notable year-on-year increase of 24.31% in sales.
    • Glanza: The Toyota Glanza hatchback saw a year-on-year increase of 19.9% in sales. This could be attributed to factors such as competitive pricing, fuel efficiency, or strategic marketing initiatives.
  • Top Losers:
    • Vellfire: The Toyota Vellfire MPV faced a significant year-on-year decrease of 96.58% in sales. This steep decline could be due to factors such as limited availability, niche market appeal, or decreased consumer interest in the model.
    • Fortuner: The Toyota Fortuner SUV saw a notable year-on-year decrease of 9.81% in sales. Despite being a popular model, this decline could be attributed to factors such as increased competition in the SUV segment, changing consumer preferences, or supply chain disruptions.
  • Other Insights:
    • Segment Dynamics: The data reflects mixed performance across different segments. While MPVs like Innova Crysta and Hyryder show strong growth, others like Vellfire face challenges. Understanding these segment dynamics is crucial for Toyota to allocate resources effectively and prioritize product development.
    • Model-Specific Factors: Each model's performance can be influenced by factors such as pricing, features, design, marketing efforts, and consumer perception. Analyzing these factors can help Toyota identify areas for improvement and capitalize on strengths to enhance sales performance.
    • Market Competition: The automotive market is highly competitive, with multiple manufacturers vying for market share. Toyota needs to continuously innovate and differentiate its offerings to stay competitive and meet evolving consumer preferences.
    • In conclusion, while some Toyota models experience growth, others face declines in sales. By analyzing market trends and consumer behavior, Toyota can make informed decisions to optimize its sales performance and strengthen its position in the automotive market.

TOYOTA CAR SALES - APRIL 2024

YOY CHANGE

Rank

Model

Segment

Body-Type

Apr 2024

Apr 2023

Change

%Change

Trend

1

Innova Crysta + HyCross

D1

MPV

7,103

4,837

2,266

46.85%

2

Glanza

B2

Hatch

4,380

3,653

727

19.9%

3

Hyryder

C1

SUV

3,252

2,616

636

24.31%

4

Fortuner

D2

SUV

2,325

2,578

-253

-9.81%

5

Rumion

D1

MPV

1,192

-

-

-

-

6

Hilux

D2

Pickup

264

269

-5

-1.86%

7

Camry

D2

Sedan

179

63

116

184.13%

8

Vellfire

D2

MPV

5

146

-141

-96.58%

April 2024 - Toyota Car Sales Figures - MoM Change

  • Top Gainers:
    • Glanza: The Toyota Glanza hatchback saw a modest month-on-month increase of 1.41% in sales. While the percentage increase is relatively small, it still represents a positive trend for the model. Factors such as sustained demand, customer loyalty, or promotional activities might contribute to this increase.
    • Rumion: The Toyota Rumion MPV experienced a significant month-on-month increase of 73.26% in sales. This substantial growth suggests a surge in demand from March to April, possibly due to promotional offers, updated features, or increased consumer interest in the model.
  • Top Losers:
    • Hyryder: The Toyota Hyryder SUV faced a significant month-on-month decrease of 45.48% in sales. This decline could be attributed to various factors such as seasonal fluctuations, supply chain disruptions, or decreased consumer interest in the model.
    • Innova Crysta & Innova HyCross: The Toyota Innova Crysta + HyCross MPV saw a notable month-on-month decrease of 28.25% in sales. Despite being a popular model, this decline might be due to factors such as increased competition in the MPV segment, changing consumer preferences, or supply chain constraints.
  • Other Insights:
    • Segment Dynamics: The data reflects mixed performance across different segments, with MPVs like Innova Crysta and Rumion showing declines in sales, while hatchbacks like Glanza show slight growth. Understanding these segment dynamics is crucial for Toyota to adjust its strategies and offerings effectively.
    • Market Fluctuations: Fluctuations in month-on-month sales can be influenced by various factors such as promotional activities, seasonal demand, and external market conditions. Toyota needs to closely monitor these trends to make informed decisions and optimize sales performance.
    • Model-Specific Factors: Each model's performance can be influenced by factors such as pricing, features, design, marketing efforts, and consumer perception. Analyzing these factors can help Toyota identify areas for improvement and capitalize on strengths to enhance sales performance.
    • In conclusion, while some Toyota models experience growth, others face declines in sales. By analyzing market trends, understanding consumer preferences, and making strategic decisions, Toyota can navigate challenges and capitalize on opportunities to strengthen its position in the automotive market.

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TOYOTA CAR SALES - APRIL 2024

MOM CHANGE

Rank

Model

Segment

Body-Type

Apr 2024

Mar 2024

Change

%Change

Trend

1

Innova Crysta + HyCross

D1

MPV

7,103

9,900

-2,797

-28.25%

2

Glanza

B2

Hatch

4,380

4,319

61

1.41%

3

Hyryder

C1

SUV

3,252

5,965

-2,713

-45.48%

4

Fortuner

D2

SUV

2,325

3,621

-1,296

-35.79%

5

Rumion

D1

MPV

1,192

688

504

73.26%

6

Hilux

D2

Pickup

264

356

-92

-25.84%

7

Camry

D2

Sedan

179

232

-53

-22.84%

8

Vellfire

D2

MPV

5

38

-33

-86.84%

Toyota  — 6-Month Sales Trend (Nov 2023 - Apr 2024)

TOYOTA CARS 6 MONTH SALES TREND

NOV 2023 - APR 2024

Model

Segment

Body-Type

Nov 2023

Dec 2023

Jan 2024

Feb 2024

Mar 2024

Apr 2024

6 Month Avg

Innova Crysta + HyCross

D1

MPV

6,910

7,832

9,400

8,481

9,900

7,103

8,271

Hyryder

C1

SUV

3,005

4,976

5,543

5,601

5,965

3,252

4,724

Glanza

B2

Hatch

3,950

4,088

3,740

4,581

4,319

4,380

4,176

Fortuner

D2

SUV

1,876

3,104

3,213

3,395

3,621

2,325

2,922

Rumion

D1

MPV

718

833

639

730

688

1,192

800

Hilux

D2

Pickup

214

322

289

245

356

264

282

Camry

D2

Sedan

198

180

312

210

232

179

219

Vellfire

D2

MPV

53

37

61

57

38

5

42

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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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