February 2024 Hyundai Car Sales Analysis - YoY, MoM Change, 6-Month Trend | V3Cars

February 2024 - Hyundai Car Sales Figures - YoY Change

• Top Gainers:

  • Verna shows an extraordinary increase of 3474.47%, with sales jumping from just 47 units in February 2023 to 1,680 units in February 2024.
  • Creta also experienced significant growth, with a 46.59% increase in sales, from 10,421 units to 15,276 units YoY.

• Top Losers:

  • Grand i10 Nios faced the most considerable decline, with sales dropping by -48.66%, from 9,635 units to 4,947 units YoY.
  • i20 also saw a substantial decrease of -44.75%, with sales falling from 9,287 units to 5,131 units.

• New Entries:

  • Exter, Kona, and Ioniq 5 are new models introduced in the market, as there are no sales figures available for February 2023 for comparison.

• Notable Observations:

  • Venue and Alcazar experienced declines in sales, with -10.64% and -17.25% respectively.
  • Tucson also saw a significant drop of -68.47%, indicating a sharp decrease in demand.

The data suggests that while some models like Verna and Creta are gaining popularity, others like Grand i10 Nios and i20 are seeing a decline in demand. The introduction of new models may also be impacting the sales of existing models. Overall, the SUV segment appears to be performing well, with the exception of Tucson.

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February 2024 - Hyundai Car Sales Figures - MoM Change

• Top Gainers:

  • Creta leads as the top gainer with a 15.62% increase in sales, moving from 13,212 units in January to 15,276 units in February.

• Top Losers:

  • Venue experienced the most significant drop, with a -24.49% decrease in sales, from 11,831 units in January to 8,933 units in February.
  • i20 and Grand i10 Nios also saw substantial declines of -27.56% and -27.94% respectively.

• Steady Performers:

  • Exter, despite a decrease, maintained relatively stable sales with a -7.86% change.

• Notable Observations:

  • Alcazar and Tucson faced notable sales decreases of -29.39% and -14.21% respectively.
  • Verna, while still showing a decrease, had a smaller drop of -22.65% compared to other models.

These insights indicate that while Creta has shown a positive trend in sales, other models like Venue, i20, and Grand i10 Nios have faced challenges in the market. The data suggests a shift in consumer preference, with some models needing to catch up to the market’s demand.

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Hyundai — 6-Month Sales Trend (Sep 2023 - Feb 2024)

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