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

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

March 2024 Kia Car Sales Analysis

March 2024 - Kia Car Sales Figures - YoY Change

  • Model Performance:
    • The top-selling models in March 2024 include Sonet, Seltos, Carens, EV6, and Carnival.
    • Sonet and Seltos are SUV models, Carens is an MPV, and EV6 is an electric SUV. Carnival is another MPV model.
  • YOY Changes:
    • Sonet experienced a slight increase in sales compared to March 2023, with a change of 73 units or 0.84%. This indicates relatively stable sales performance for the Sonet model.
    • Seltos shows a notable increase in sales compared to the previous year, with a change of 1,358 units or 20.72%. This suggests strong market acceptance and increased demand for the Seltos SUV model.
    • Carens witnessed a significant decrease in sales compared to March 2023, with a change of -1,365 units or -22.37%. This indicates challenges or decreased demand for the Carens MPV model.
    • EV6 was introduced in March 2024, indicating its debut in the market. With 1 unit sold, it's a new addition to the lineup.
    • Carnival experienced a drastic decrease in sales compared to the previous year, with sales dropping from 168 units in March 2023 to 0 units in March 2024, resulting in a -100% change. This could be due to various factors such as discontinuation, low demand, or other market dynamics.
  • Insights:
    • Seltos emerges as the top gainer with a significant YOY increase in sales, indicating strong market acceptance and positive performance in the SUV segment.
    • Carens stands out as the top loser, experiencing a notable decrease in sales compared to the previous year. This suggests challenges or shifts in demand for the MPV model.
    • The introduction of the EV6 reflects the growing trend towards electric vehicles, although its impact on the market is yet to be determined.
    • Carnival's drastic decrease in sales from the previous year suggests significant challenges or changes in the market dynamics for this MPV model.

KIA CAR SALES - MARCH 2024

YoY CHANGE

Rank

Model

Segment

Body-Type

Mar 2024

Mar 2023

Change

%Change

Trend

1

Sonet

B2

SUV

8,750

8,677

73

0.84%

2

Seltos

C1

SUV

7,912

6,554

1,358

20.72%

3

Carens

C2

MPV

4,737

6,102

-1,365

-22.37%

4

EV6

D1

SUV

1

0

1

-

-

5

Carnival

D2

MPV

0

168

-168

-

-

March 2024 - Kia Car Sales Figures - MoM Change

  • Model Performance:
    • The top-selling models in March 2024 include Sonet, Seltos, Carens, and EV6.
    • Sonet and Seltos are SUV models, Carens is an MPV, and EV6 is an electric SUV.
  • MOM Changes:
    • Sonet experienced a MOM decrease in sales, with a change of -352 units or -3.87%. This indicates a slight decline in sales compared to the previous month.
    • Seltos shows a significant MOM increase in sales, with a change of 1,647 units or 26.29%. This suggests a notable increase in demand for the Seltos SUV model compared to the previous month.
    • Carens witnessed a slight MOM decrease in sales, with a change of -95 units or -1.97%. This indicates a minor decline in sales for the Carens MPV model compared to the previous month.
    • EV6 maintained consistent sales from the previous month, with no change in units sold.
  • Insights:
    • Seltos emerges as the top gainer with a significant MOM increase in sales, indicating strong market acceptance and positive momentum in the SUV segment.
    • Sonet experienced a MOM decrease in sales, suggesting potential challenges or fluctuations in demand for this SUV model compared to the previous month.
    • Carens maintained relatively stable sales, with a slight MOM decrease indicating minor fluctuations in demand for the MPV model.
    • EV6's consistent sales from the previous month suggest a steady market presence, although further growth may be needed to establish significant market share.

KIA CAR SALES - MARCH 2024

MoM CHANGE

Rank

Model

Segment

Body-Type

Mar 2024

Feb 2024

Change

%Change

Trend

1

Sonet

B2

SUV

8,750

9,102

-352

-3.87%

2

Seltos

C1

SUV

7,912

6,265

1,647

26.29%

3

Carens

C2

MPV

4,737

4,832

-95

-1.97%

4

EV6

D1

SUV

1

1

0

-

-

Kia — 6-Month Sales Trend (October 2023 - March 2024)

KIA CARS 6 MONTH SALES TREND

OCTOBER 2023 - MARCH 2024

Model

Segment

Body-Type

Oct 2023

Nov 2023

Dec 2023

Jan 2024

Feb 2024

Mar 2024

6 Month Avg

Seltos

C1

SUV

11,684

9,957

6,391

6,265

7,912

9,536

6,673

Sonet

B2

SUV

6,433

10

11,530

9,102

8,750

6,425

5,685

Carens

C2

MPV

4,620

2,563

5,848

4,832

4,737

4,591

3,549

EV6

D1

SUV

25

6

0

1

1

54

7

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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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