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

10 April 2024
By Prathu Sharma
0

In this March 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.

March 2024 - Toyota Car Sales Figures - YoY Change

Model Performance:
- Toyota's lineup in March 2024 includes a variety of models catering to different segments such as MPVs, SUVs, hatchbacks, sedans, and pickups.
- The top-selling models in March 2024 include Innova Crysta + HyCross, Hyryder, Glanza, Fortuner, Rumion, Hilux, Camry, and Vellfire.
YOY Changes:
- Innova Crysta + HyCross stands out as the top-selling model with a significant YOY increase of 22.6% in sales. This indicates strong market acceptance and increased demand for this MPV model compared to the previous year.
- Hyryder and Glanza also show impressive YOY increases in sales, with growth rates of 71.7% and 28.35% respectively. These substantial increases suggest positive market reception and heightened demand for these models compared to the previous year.
- Fortuner, Hilux, and Camry experience moderate YOY increases in sales, indicating steady demand and positive trends for these models compared to the previous year.
- Rumion and Vellfire are either newly introduced models or have limited availability, as indicated by the absence of sales data for the previous year.
Trend Analysis:
- The YOY increases in sales for most Toyota models reflect positive momentum and potential growth opportunities for the company in various segments of the automotive market.
- The introduction of new models or updates to existing ones may have contributed to the overall growth and positive performance of Toyota's lineup in March 2024.
Top Gainers and Losers:
- Top Gainers:
  - Hyryder: Emerges as the top gainer with a significant YOY increase of 71.7% in sales, reflecting strong market acceptance and increased demand for this SUV model compared to the previous year.
  - Glanza: Shows impressive YOY growth of 28.35% in sales, indicating positive market reception and heightened demand for this hatchback model compared to the previous year.
  - Camry: Witnessed a remarkable YOY increase of 136.73% in sales, suggesting significant growth and positive market trends for this sedan model.
- Top Losers:
  - Vellfire: Stands out as the top loser with a substantial YOY decrease of 84.1% in sales, indicating challenges or decreased demand for this MPV model compared to the previous year.

TOYOTA CAR SALES - MARCH 2024 YOY CHANGE
Rank	Model	Segment	Body-Type	Mar 2024	Mar 2023	Change	%Change	Trend
1	Innova Crysta + HyCross	D1	MPV	9,900	8,075	1,825	22.6%
2	Hyryder	C1	SUV	5,965	3,474	2,491	71.7%
3	Glanza	B2	Hatch	4,319	3,365	954	28.35%
4	Fortuner	D2	SUV	3,621	3,108	513	16.51%
5	Rumion	D1	MPV	688	-	-	-	-
6	Hilux	D2	Pickup	356	223	133	59.64%
7	Camry	D2	Sedan	232	98	134	136.73%
8	Vellfire	D2	MPV	38	239	-201	-84.1%

March 2024 - Toyota Car Sales Figures - MoM Change

Model Performance:
- Toyota's lineup in March 2024 maintains a diverse range of models catering to various segments such as MPVs, SUVs, hatchbacks, sedans, and pickups.
- The top-selling models in March 2024 include Innova Crysta + HyCross, Hyryder, Glanza, Fortuner, Rumion, Hilux, Camry, and Vellfire.
MOM Changes:
- Innova Crysta + HyCross remains the top-selling model with a MOM increase of 16.73% in sales. This indicates continued strong market acceptance and increased demand for this MPV model compared to the previous month.
- Hyryder, Fortuner, and Camry also experience MOM increases in sales, suggesting positive trends and steady demand for these models compared to the previous month.
- Glanza, Rumion, Hilux, and Vellfire witness MOM decreases in sales, indicating potential challenges or fluctuations in demand for these models compared to the previous month.
Trend Analysis:
- The MOM changes in sales for Toyota's models reflect varying degrees of performance and market dynamics within different segments of the automotive market.
- Despite some fluctuations, models like Innova Crysta + HyCross and Hyryder demonstrate overall positive trends and sustained demand in their respective segments.
Top Gainers and Losers:
- Top Gainers:
  - Innova Crysta + HyCross: Remains a top gainer with a significant MOM increase of 16.73% in sales, reflecting strong market acceptance and sustained growth for this MPV model.
  - Fortuner: Shows a MOM increase of 6.66% in sales, indicating steady demand and positive market trends for this SUV model compared to the previous month.
  - Camry: Witnessed a MOM increase of 10.48% in sales, suggesting positive momentum and potential growth opportunities for this sedan model.
- Top Losers:
  - Glanza: Emerges as the top loser with a MOM decrease of 5.72% in sales, indicating challenges or decreased demand for this hatchback model compared to the previous month.
  - Vellfire: Stands out as another top loser with a significant MOM decrease of 33.33% in sales, suggesting challenges or decreased demand for this MPV model compared to the previous month.

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TOYOTA CAR SALES - MARCH 2024 MOM CHANGE
Rank	Model	Segment	Body-Type	Mar 2024	Feb 2024	Change	%Change	Trend
1	Innova Crysta + HyCross	D1	MPV	9,900	8,481	1,419	16.73%
2	Hyryder	C1	SUV	5,965	5,601	364	6.5%
3	Glanza	B2	Hatch	4,319	4,581	-262	-5.72%
4	Fortuner	D2	SUV	3,621	3,395	226	6.66%
5	Rumion	D1	MPV	688	730	-42	-5.75%
6	Hilux	D2	Pickup	356	245	111	45.31%
7	Camry	D2	Sedan	232	210	22	10.48%
8	Vellfire	D2	MPV	38	57	-19	-33.33%

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

TOYOTA 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
Innova Crysta + HyCross	D1	MPV	6,910	7,832	9,400	8,481	9,900	8,284	8,468
Hyryder	C1	SUV	3,005	4,976	5,543	5,601	5,965	4,486	4,929
Glanza	B2	Hatch	3,950	4,088	3,740	4,581	4,319	4,302	4,163
Fortuner	D2	SUV	1,876	3,104	3,213	3,395	3,621	2,823	3,005
Rumion	D1	MPV	718	833	639	730	688	862	745
Hilux	D2	Pickup	214	322	289	245	356	232	276
Camry	D2	Sedan	198	180	312	210	232	226	226
Vellfire	D2	MPV	53	37	61	57	38	35	47

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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.