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

In this March 2024 Hyundai car sales analysis article, we’ll look at the car sales of Hyundai for the previous month. We’ll also compare the YoY and MoM change to find out which Hyundai 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 Hyundai cars.

Hyundai Car Sales Analysis

March 2024 - Hyundai Car Sales Figures - YoY Change

  • Model Performance:
    • The top-selling Hyundai models in March 2024 include Creta, Venue, Exter, i20, Grand i10 Nios, Aura, Verna, Alcazar, Tucson, Kona, and Ioniq 5.
    • These models belong to various segments such as SUVs, hatchbacks, and sedans, showcasing Hyundai's diverse product portfolio catering to different customer preferences.
  • YoY Changes:
    • Creta emerges as the top performer with a significant YoY increase in sales, indicating strong demand and positive growth momentum for this SUV model, with a change of 2,432 units or 17.34% compared to March 2023.
    • Aura, Verna, and Ioniq 5 also demonstrate substantial YoY increases in sales, with growth rates ranging from 29.39% to 209.52%, reflecting positive market acceptance and increased demand for these models.
    • Venue, i20, Grand i10 Nios, Alcazar, and Tucson, however, experienced notable YoY decreases in sales, with declines ranging from -4.09% to -81.07%. These decreases suggest challenges or shifts in market dynamics for these models compared to the previous year.
    • Exter and Kona were not available in March 2023 for comparison, indicating new introductions or absence from the market in the previous year.
  • Insights:
    • Creta's strong YoY performance underscores its popularity and continued success in the SUV segment, maintaining Hyundai's position in this competitive market.
    • The substantial YoY increases in sales for Aura, Verna, and Ioniq 5 indicate successful product launches or strategic improvements that have resonated with customers.
    • The YoY decreases in sales for models like Venue, i20, Grand i10 Nios, Alcazar, and Tucson highlight challenges or shifts in consumer preferences and market dynamics that Hyundai may need to address.
    • Hyundai's introduction of new models like Exter and Kona reflects its efforts to diversify its product lineup and capture emerging market trends.

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HYUNDAI CAR SALES - MARCH 2024

YoY CHANGE

Rank

Model

Segment

Body-Type

Mar 2024

Mar 2023

Change

%Change

Trend

1

Creta

C1

SUV

16,458

14,026

2,432

17.34%

2

Venue

B2

SUV

9,614

10,024

-410

-4.09%

3

Exter

B2

SUV

8,475

-

-

-

-

4

i20

B2

Hatch

5,155

6,596

-1,441

-21.85%

5

Grand i10 Nios

B1

Hatch

5,034

9,304

-4,270

-45.89%

6

Aura

B2

Sedan

4,883

3,774

1,109

29.39%

7

Verna

C2

Sedan

1,716

3,755

-2,039

-54.3%

8

Alcazar

C2

SUV

1,420

2,519

-1,099

-43.63%

9

Tucson

D1

SUV

110

581

-471

-81.07%

10

Kona

C1

SUV

71

0

71

-

-

11

Ioniq 5

C2

Hatch

65

21

44

209.52%

March 2024 - Hyundai Car Sales Figures - MoM Change

  • Model Performance:
    • The top-selling Hyundai models in March 2024 include Creta, Venue, Exter, i20, Grand i10 Nios, Aura, Verna, Alcazar, Tucson, Kona, and Ioniq 5.
    • These models belong to different segments such as SUVs, hatchbacks, and sedans, reflecting Hyundai's diverse product lineup catering to various customer preferences.
  • MoM Changes:
    • Creta emerges as the top performer with a significant MoM increase in sales, indicating strong demand and positive momentum for this SUV model, with a change of 1,182 units or 7.74%.
    • Venue and Exter also experienced notable MoM increases in sales, with changes of 681 units (7.62%) and 893 units (11.78%) respectively, suggesting continued market acceptance and growth for these SUV models.
    • Among the hatchback models, i20 and Grand i10 Nios saw modest MoM increases in sales, with changes of 24 units (0.47%) and 87 units (1.76%) respectively, indicating stable performance in this segment.
    • Aura, Verna, and Alcazar witnessed MoM decreases in sales, with declines ranging from -3.36% to -10.08%, suggesting challenges or fluctuations in demand for these sedan and SUV models.
    • Tucson and Kona experienced significant MoM decreases in sales, with declines of -29.94% and -17.44% respectively, indicating potential challenges or shifts in market dynamics for these SUV models.
    • The Ioniq 5 saw a slight MoM decrease in sales, with a change of -1 unit (-1.52%), reflecting minor fluctuations in demand for this hatchback model.
  • Insights:
    • Creta, Venue, and Exter emerge as the top gainers with notable MoM increases in sales, indicating strong demand and positive growth momentum for Hyundai's SUV lineup.
    • The MoM decreases in sales for models like Aura, Verna, Alcazar, Tucson, Kona, and Ioniq 5 highlight potential challenges or shifts in market dynamics within their respective segments.
    • Hyundai's diverse product portfolio allows it to cater to different segments of the market, but ongoing monitoring and strategic adjustments may be necessary to address fluctuations in demand and maintain competitiveness.

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HYUNDAI CAR SALES - MARCH 2024

MoM CHANGE

Rank

Model

Segment

Body-Type

Mar 2024

Feb 2024

Change

%Change

Trend

1

Creta

C1

SUV

16,458

15,276

1,182

7.74%

2

Venue

B2

SUV

9,614

8,933

681

7.62%

3

Exter

B2

SUV

8,475

7,582

893

11.78%

4

i20

B2

Hatch

5,155

5,131

24

0.47%

5

Grand i10 Nios

B1

Hatch

5,034

4,947

87

1.76%

6

Aura

B2

Sedan

4,883

5,053

-170

-3.36%

7

Verna

C2

Sedan

1,716

1,680

36

2.14%

8

Alcazar

C2

SUV

1,420

1,290

130

10.08%

9

Tucson

D1

SUV

110

157

-47

-29.94%

10

Kona

C1

SUV

71

86

-15

-17.44%

11

Ioniq 5

C2

Hatch

65

66

-1

-1.52%

Hyundai — 6-Month Sales Trend (Oct 2023 - Mar 2024)

HYUNDAI CARS 6 MONTH SALES TREND

OCT 2023 - MAR 2024

Model

Segment

Body-Type

Oct 2023

Nov 2023

Dec 2023

Jan 2024

Feb 2024

Mar 2024

6 Month Avg

Creta

C1

SUV

13,077

11,814

9,243

13,212

15,276

16,458

12,557

Venue

B2

SUV

11,581

11,180

10,383

11,831

8,933

9,614

11,019

Exter

B2

SUV

8,097

8,325

7,516

8,229

7,582

8,475

8,066

i20

B2

Hatch

7,212

5,727

4,574

7,083

5,131

5,155

6,035

Grand i10 Nios

B1

Hatch

6,552

4,708

5,247

6,865

4,947

5,034

5,590

Aura

B2

Sedan

4,096

3,850

3,812

5,516

5,053

4,883

4,371

Verna

C2

Sedan

2,313

1,701

712

2,172

1,680

1,716

1,865

Alcazar

C2

SUV

1,837

1,913

954

1,827

1,290

1,420

1,633

Tucson

D1

SUV

202

118

209

183

157

110

184

Ioniq 5

C2

Hatch

117

96

81

95

66

65

105

Kona

C1

SUV

44

19

19

102

86

71

57

Also read: Hyundai Aura Projector Headlamps & Parking Camera Review At Night | The Sensible Review

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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