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May 2024 Hyundai Car Sales Analysis – YoY, MoM Change, 6-Month Trend

In this May 2024 Hyundai car sales analysis, 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.

May 2024 — Hyundai Car Sales Figures - YoY Change

Rank

Model

Body-Type

May 2024

May 2023

Change

%Change

1

Creta

SUV

14,662

14,449

213

1.47%

2

Venue

SUV

9,327

10,213

-886

-8.68%

3

Exter

SUV

7,697

-

-

-

4

Grand i10 Nios

Hatch

5,328

6,385

-1,057

-16.55%

5

i20

Hatch

5,169

6,094

-925

-15.18%

6

Aura

Sedan

4,433

4,707

-274

-5.82%

7

Verna

Sedan

1,381

3,687

-2,306

-62.54%

8

Alcazar

SUV

944

2,443

-1,499

-61.36%

9

Tucson

SUV

168

379

-211

-55.67%

10

Ioniq 5

Hatch

42

160

-118

-73.75%

11

Kona

SUV

0

84

-84

-100%

May 2024 — Hyundai Car Sales Figures - MoM Change

The table presents the month-over-month (MOM) sales data for various Hyundai models for May 2024 compared to May 2024, including the change in units sold, percentage change, and trends.

Rank

Model

Body-Type

May 2024

Apr 2024

Change

%Change

1

Creta

SUV

14,662

15,447

-785

-5.08%

2

Venue

SUV

9,327

9,120

207

2.27%

3

Exter

SUV

7,697

7,756

-59

-0.76%

4

Grand i10 Nios

Hatch

5,328

5,117

211

4.12%

5

i20

Hatch

5,169

5,199

-30

-0.58%

6

Aura

Sedan

4,433

4,526

-93

-2.05%

7

Verna

Sedan

1,381

1,571

-190

-12.09%

8

Alcazar

SUV

944

1,219

-275

-22.56%

9

Tucson

SUV

168

201

-33

-16.42%

10

Ioniq 5

Hatch

42

45

-3

-6.67%

11

Kona

SUV

0

0

0

-

Performance-Based Insights

Top 3 Performers (May 2024 Sales)

SUVs dominate the sales chart of Hyundai India. On the 4th, 5th and 6th spot, we have 2 hatchbacks and 1 sedan. So, hatches and sedans are continuing with a significant demand. It’s just not as strong as it is for that of the SUVs, especially for sedans. A lack of MPV in the portfolio is apparent as MPVs are also quite popular in the Indian market.

  1. Creta (14,662)

  2. Venue (9,327) 

  3. Exter (7,697)


Top Gainers (YoY % Change)

Where we have nothing to say, we won't say something just for the sake of it. So, here are the top 3 YoY gainers of May 2024 in the Hyundai portfolio:

  1. Creta (+1.47%): Except for Creta, there are no YoY gainers in Hyundai’s portfolio. It’s too early to judge if this is a cause for concern. It’s possible that they may be waiting to clear out the old inventory with the dealers before shipping new stock. After all, these are sales figures from Hyundai to the dealers; not from the dealers to the customers.


Top Losers (YoY % Change)

  1. Kona (-100%): Hyundai India recently removed Kona from their official website. So, finally, we can put the Kona to rest. But this should open up some bandwidth in Hyundai’s portfolio to launch a C-segment electric SUV. A Creta EV may be?

  2. Ioniq 5 (-73.75%)

  3. Verna (-62.54%): The Verna has good feature distribution, long feature list and good pricing. The Verna managed to move the City out of the top spot but so did the Slavia and Virtus — with a smaller dealer network. Clearly, there’s demand for the sedans. Perhaps the buyers are willing to look past the style and are interested in the practicality and high ground clearance. Thus the better sales figures of cross-country like sedans of Virtus and Slavia with their SUV-like 179mm ground clearance.

  4. Alcazar (-61.36%): The Alcazar failed to establish itself as a successful 3-row SUV despite being based on the extremely popular Creta. Now, it’s up for a refresh as it’s yet to get the updates Creta received early in 2024. We expect its sales to remain modest till the refresh and then, depending on the scope of updates and pricing, it may get going again.


Top Gainers (MoM % Change)

  1. Grand i10 Nios (+4.12%)

  2. Venue (+2.27%)

Top Losers (MoM % Change)

  1. Alcazar (-22.56%)

  2. Tucson (-16.42%)

  3. Verna (-12.09%)


Since MoM change doesn’t mean much in the broader view, we’ll leave it without any comments.


Body-Type Based

Just like Maruti, Hyundai’s SUVs also continue to gain ground aggressively at the cost of hatchbacks and sedans. If only Hyundai had an MPV in the portfolio targeting fleet as well as individual buyers. That would have become a machine to print money without much marketing effort and spending.



Hyundai — 6-Month Sales Trend (Dec 2023 - May 2024)

Model

Dec 2023

Jan 2024

Feb 2024

Mar 2024

Apr 2024

May 2024

6M Avg

Creta

9,243

13,212

15,276

16,458

15,447

14,662

14,050

Venue

10,383

11,831

8,933

9,614

9,120

9,327

9,868

Exter

7,516

8,229

7,582

8,475

7,756

7,697

7,876

Grand i10 Nios

5,247

6,865

4,947

5,034

5,117

5,328

5,423

i20

4,574

7,083

5,131

5,155

5,199

5,169

5,385

Aura

3,812

5,516

5,053

4,883

4,526

4,433

4,704

Verna

712

2,172

1,680

1,716

1,571

1,381

1,539

Alcazar

954

1,827

1,290

1,420

1,219

944

1,276

Tucson

209

183

157

110

201

168

171

Ioniq 5

81

95

66

65

45

42

66

Kona

19

102

86

71

0

0

46

Disclaimer: This post was written by our guest author (V3Cars). Any views expressed in this article are those of the author and do not necessarily represent those of Autopunditz.com. The data presented in this article is the property of Autopunditz.com.


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