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

11 March 2024
By Prathu Sharma
0

In this February 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.

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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HYUNDAI CAR SALES - FEBRUARY 2024 YoY CHANGE
Rank	Model	Segment	Body-Type	Feb 2024	Feb 2023	Change	%Change	Trend
1	Creta	C1	SUV	15,276	10,421	4,855	46.59%
2	Venue	B2	SUV	8,933	9,997	-1,064	-10.64%
3	Exter	B2	SUV	7,582	-	-	-	-
4	i20	B2	Hatch	5,131	9,287	-4,156	-44.75%
5	Xcent + Aura	B2	Sedan	5,053	5,524	-471	-8.53%
6	Grand i10 Nios	B1	Hatch	4,947	9,635	-4,688	-48.66%
7	Verna	C2	Sedan	1,680	47	1,633	3474.47%
8	Alcazar	C2	SUV	1,290	1,559	-269	-17.25%
9	Tucson	D1	SUV	157	498	-341	-68.47%
10	Kona	C1	SUV	86	0	86	-	-
11	Ioniq 5	C2	Hatch	66	-	-	-	-

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 CAR SALES - FEBRUARY 2024 MoM CHANGE
Rank	Model	Segment	Body-Type	Feb 2024	Jan 2024	Change	%Change	Trend
1	Creta	C1	SUV	15,276	13,212	2,064	15.62%
2	Venue	B2	SUV	8,933	11,831	-2,898	-24.49%
3	Exter	B2	SUV	7,582	8,229	-647	-7.86%
4	i20	B2	Hatch	5,131	7,083	-1,952	-27.56%
5	Xcent + Aura	B2	Sedan	5,053	5,516	-463	-8.39%
6	Grand i10 Nios	B1	Hatch	4,947	6,865	-1,918	-27.94%
7	Verna	C2	Sedan	1,680	2,172	-492	-22.65%
8	Alcazar	C2	SUV	1,290	1,827	-537	-29.39%
9	Tucson	D1	SUV	157	183	-26	-14.21%
10	Kona	C1	SUV	86	102	-16	-15.69%
11	Ioniq 5	C2	Hatch	66	95	-29	-30.53%

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

HYUNDAI CARS 6 MONTH SALES TREND SEP 2023 - FEB 2024
Model	Segment	Body-Type	Sep 2023	Oct 2023	Nov 2023	Dec 2023	Jan 2024	Feb 2024	6 Month Avg
Creta	C1	SUV	12,717	13,077	11,814	9,243	13,212	15,276	75,339
Venue	B2	SUV	12,204	11,581	11,180	10,383	11,831	8,933	66,112
Exter	B2	SUV	8,647	8,097	8,325	7,516	8,229	7,582	48,396
i20	B2	Hatch	6,481	7,212	5,727	4,574	7,083	5,131	36,208
Grand i10 Nios	B1	Hatch	5,223	6,552	4,708	5,247	6,865	4,947	33,542
Xcent + Aura	B2	Sedan	3,900	4,096	3,850	3,812	5,516	5,053	26,227
Verna	C2	Sedan	2,610	2,313	1,701	712	2,172	1,680	11,188
Alcazar	C2	SUV	1,977	1,837	1,913	954	1,827	1,290	9,798
Tucson	D1	SUV	237	202	118	209	183	157	1,106
Ioniq 5	C2	Hatch	176	117	96	81	95	66	631
Kona	C1	SUV	69	44	19	19	102	86	339

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.