Check Car Sales Trends between 2022 vs 2023
Car Sales Trends: 2023 vs. 2024 – A Comprehensive Comparison
As 2024 draws to a close, it’s time to reflect on the automotive market’s performance over the past 11 months.
Traditionally, monthly PAMA sales reports highlight the industry’s progress, but this year we aim to present a comprehensive annual car sales comparison between 2023 and 2024.
The Context for Check Car Sales Trends between 2022 vs 2023
In 2023, the local automotive industry faced significant disruptions due to supply chain constraints and economic uncertainties, creating a challenging environment.
Read More: Car Sales Fell by 22% in November 2024 From October
However, 2024 brought relative stability, albeit with hurdles like production shutdowns, price hikes, and fluctuating interest rates.
Let’s analyze car-wise performance from various manufacturers to identify key trends and potential growth areas.
Honda Car Sales
| Models | Jan-Nov ’23 | Jan-Nov ’24 | Difference % |
|---|---|---|---|
| City & Civic | 7,068 | 12,997 | 83% |
| BRV & HRV | 2,692 | 1,306 | -51% |
| Total | 9,760 | 14,303 | 47% |
- Insight: Honda City and Civic saw a significant 47% growth, with 14,303 units sold in 2024 compared to 9,760 units in 2023.
Suzuki Car Sales
| Models | Jan-Nov ’23 | Jan-Nov ’24 | Difference % |
|---|---|---|---|
| Alto | 19,071 | 37,957 | 99% |
| Cultus | 3,424 | 2,778 | -19% |
| Wagon R | 3,085 | 2,705 | -12% |
| Swift | 4,054 | 6,253 | 54% |
| Bolan | 2,864 | 4,491 | 57% |
| Ravi | 2,755 | 3,161 | 15% |
| Total | 35,253 | 57,345 | 63% |
- Insight: Suzuki led the market with a remarkable 63% sales increase. Alto sales nearly doubled, driving overall growth.
Toyota Car Sales
| Models | Jan-Nov ’23 | Jan-Nov ’24 | Difference % |
|---|---|---|---|
| Corolla, Yaris, Corolla Cross | 11,498 | 19,505 | 70% |
| Fortuner & IMV | 7,822 | 4,955 | -37% |
| Total | 19,320 | 24,460 | 27% |
- Insight: Toyota achieved a 27% increase, selling 24,460 units in 2024 compared to 19,320 in 2023.
Hyundai Car Sales
| Models | Jan-Nov ’23 | Jan-Nov ’24 | Difference % |
|---|---|---|---|
| Elantra | 1,306 | 1,186 | -9% |
| Sonata | 1,275 | 681 | -47% |
| Tucson | 4,088 | 2,738 | -33% |
| Porter | 1,440 | 2,491 | 73% |
| Total | 8,109 | 7,096 | -12% |
- Insight: Hyundai experienced a 12% decline in sales, marking a challenging year for the Korean automaker.
Key Takeaways
- Winners: Suzuki, Toyota, and Honda demonstrated growth, leveraging market stability in 2024.
- Losers: Hyundai faced declining sales, indicating potential areas for strategic improvement.
The Future
As we move into 2025, the industry anticipates shifts towards electrification and autonomous driving. Automakers must innovate to maintain competitiveness in this transformative landscape.
Note: Sales data excludes Kia, Changan, MG, Proton, and other non-PAMA brands.
Check Car Sales Trends between 2022 vs 2023
Note: The information above might not be accepted 100%. Please verify from your own sources. We will not be responsible for any kind of loss due to our content.
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