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

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

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