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October 2023 Hyundai Car Sales Analysis - YoY, MoM Change, 6-Month Trend | V3Cars

In this October 2023 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

October 2023 - Hyundai Car Sales Figures - YoY Change

  • Top Gainers:
    • Venue (B2 SUV): Venue stands out as the top gainer with a significant YoY change of 20.82%. This suggests that the Venue continues to be well-received in the market, possibly due to its features, pricing, or marketing strategies.
    • Creta (C1 SUV): Creta, another SUV, also experienced a positive YoY change of 10.08%. This indicates sustained demand for the Creta model, possibly driven by its reputation, customer loyalty, or market trends favoring SUVs.
    • Verna (C2 Sedan): Verna, in the sedan category, saw a YoY increase of 6.15%. This could be attributed to factors like updates to the model, competitive pricing, or consumer preferences for sedans.
  • Top Losers:
    • Tucson (D1 SUV): Tucson faced a significant decline with a YoY change of -58.52%. This substantial drop might be attributed to increased competition in the SUV segment or specific challenges faced by the Tucson model.
    • Alcazar (C2 SUV): Alcazar also experienced a notable decrease in sales with a YoY change of -35.48%. This might be due to factors such as competition, changes in consumer preferences, or specific challenges with the Alcazar model.
  • Other Observations:
    • Hatchback Challenges: The i20 (B2 Hatch) and Grand i10 Nios (B1 Hatch) both faced YoY declines, indicating potential challenges in the hatchback segment. This could be influenced by factors like increased competition or changing consumer preferences.
    • New Entrant: Ioniq 5 (C2 Hatch) made its debut with 117 units sold in October 2023. While it doesn't have a YoY comparison, it's a new addition to Hyundai's lineup and could be an interesting model to watch in terms of market acceptance.
    • Segment Dynamics: SUVs, especially in the B2 and C1 segments, continue to dominate both gainers and losers, showcasing the sustained popularity of SUVs in the market.

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HYUNDAI CAR SALES - OCTOBER 2023

YoY CHANGE

Rank

Model

Segment

Body-Type

Oct 2023

Oct 2022

Change

%Change

Trend

1

Creta

C1

SUV

13,077

11,880

1,197

10.08%

2

Venue

B2

SUV

11,581

9,585

1,996

20.82%

3

Exter

B2

SUV

8,097

-

-

-

-

4

i20

B2

Hatch

7,212

7,814

-602

-7.7%

5

Grand i10 Nios

B1

Hatch

6,552

8,855

-2,303

-26.01%

6

Xcent + Aura

B2

Sedan

4,096

4,248

-152

-3.58%

7

Verna

C2

Sedan

2,313

2,179

134

6.15%

8

Alcazar

C2

SUV

1,837

2,847

-1,010

-35.48%

9

Tucson

D1

SUV

202

487

-285

-58.52%

10

Ioniq 5

C2

Hatch

117

-

-

-

-

11

Kona

C1

SUV

44

106

-62

-58.49%

October 2023 - Hyundai Car Sales Figures - MoM Change

  • Top Gainers:
    • Grand i10 Nios (B1 Hatch): Grand i10 Nios stands out as the top gainer with a significant MoM change of 25.45%. This suggests a substantial increase in demand for this hatchback model, potentially due to promotions, positive reviews, or other market dynamics.
    • i20 (B2 Hatch): i20 also experienced a notable MoM increase of 11.28%. This could be attributed to factors such as customer interest in hatchbacks, competitive pricing, or specific features of the i20 model.
    • Xcent + Aura (B2 Sedan): Xcent + Aura, in the sedan segment, showed a MoM increase of 5.03%. This indicates a positive trend for sedans in October, potentially influenced by consumer preferences or marketing strategies.
  • Top Losers:
    • Ioniq 5 (C2 Hatch): Ioniq 5 faced a significant decline with a MoM change of -33.52%. This could be due to various factors, such as supply chain issues, market competition, or specific challenges faced by the Ioniq 5 model.
    • Kona (C1 SUV): Kona also experienced a notable decrease in sales with a MoM change of -36.23%. Similar to Ioniq 5, this drop may be influenced by factors specific to the Kona model or broader market dynamics.
  • Other Observations:
    • SUV Variability: While Creta (C1 SUV) showed a modest MoM increase, Venue (B2 SUV) and Exter (B2 SUV) faced declines. This suggests variations in the performance of SUV models within different segments.
    • Hatchback Strength: Both i20 and Grand i10 Nios, representing the hatchback category, demonstrated positive MoM changes. This indicates continued interest and potential strength in the hatchback segment.
    • Sedan Trends: Xcent + Aura, a sedan in the B2 segment, showed a positive MoM change, while Verna (C2 Sedan) faced a decline. This suggests mixed trends within the sedan category.

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HYUNDAI CAR SALES - OCTOBER 2023

MoM CHANGE

Rank

Model

Segment

Body-Type

Oct 2023

Sep 2023

Change

%Change

Trend

1

Creta

C1

SUV

13,077

12,717

360

2.83%

2

Venue

B2

SUV

11,581

12,204

-623

-5.1%

3

Exter

B2

SUV

8,097

8,647

-550

-6.36%

4

i20

B2

Hatch

7,212

6,481

731

11.28%

5

Grand i10 Nios

B1

Hatch

6,552

5,223

1,329

25.45%

6

Xcent + Aura

B2

Sedan

4,096

3,900

196

5.03%

7

Verna

C2

Sedan

2,313

2,610

-297

-11.38%

8

Alcazar

C2

SUV

1,837

1,977

-140

-7.08%

9

Tucson

D1

SUV

202

237

-35

-14.77%

10

Ioniq 5

C2

Hatch

117

176

-59

-33.52%

11

Kona

C1

SUV

44

69

-25

-36.23%

Hyundai — 6-Month Sales Trend (May 2023 - Oct 2023)

HYUNDAI CARS 6 MONTH SALES TREND

MAY 2023 - OCTOBER 2023

Model

Segment

Body-Type

May 2023

Jun 2023

Jul 2023

Aug 2023

Sep 2023

Oct 2023

6 Month Avg

Creta

C1

SUV

14,449

14,447

14,062

13,832

12,717

13,077

13,764

Venue

B2

SUV

10,213

11,606

10,062

10,948

12,204

11,581

11,102

Grand i10 Nios

B1

Hatch

6,385

6,321

5,337

7,306

5,223

6,552

6,187

i20

B2

Hatch

6,094

6,162

5,001

4,896

6,481

7,212

5,974

Exter

B2

SUV

-

-

7,000

7,430

8,647

8,097

5,196

Xcent + Aura

B2

Sedan

4,707

4,907

4,514

4,892

3,900

4,096

4,503

Verna

C2

Sedan

3,687

4,001

2,858

2,576

2,610

2,313

3,008

Alcazar

C2

SUV

2,443

2,119

1,443

1,493

1,977

1,837

1,885

Tucson

D1

SUV

379

263

239

236

237

202

259

Ioniq 5

C2

Hatch

160

100

125

130

176

117

135

Kona

C1

SUV

84

75

60

91

69

44

71

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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