Tuesday , June 6 2023

Toyota, Hyundai battle for top spot in compact car segment

Toyota and Hyundai fought closely for the top spot in the auto market last quarter, Ford threatened Kia’s third place and Mitsubishi edged out Mazda from fifth.

Overall sales during the quarter plummeted by 25% year-on-year despite slight increases in February and March due to promotions by various brands.

The top three in the compact car segment remained the same: Toyota, Hyundai and Kia.

Ford saw a sudden surge in sales to finish in fourth place above Mitsubishi.

Toyota, the segment topper with 13,566 cars — 800 more than Hyundai — saw sales of the Vios fall from 4,855 in Q1 2022 to just 2,295, but the Veloz and Corolla Cross made up for this with sales rising to 2,393 and 3,417.

Hyundai’s bestseller was the Accent with 3,943 units followed by the Creta with 2,647.

Kia and Honda suffered the biggest drops in sales — 49% and 53%.

Kia’s flagship model, the K3, only sold 879 units, but with others like Sonet, Seltos and Carnival stepping up, the Korean brand hung on to third place with sales of 8,600.

This was only 500 more than Ford’s 8,100 units, as the U.S. carmaker unexpectedly jumped to fourth place with a 166% rise in sales.

Mitsubishi was fifth after selling 7,100 vehicles. Its Xpander was again a top performer with sales of 4,444 units, and helped Mitsubishi become the company with the lowest dip in sales.

Mazda and Honda followed with sales of 6,840 and 4,368.

Then came VinFast, a company that sells only pure electric cars. Its combined sales of the VF e34, VF 8 and VF 9 were 1,689, a 75% fall from last year, when it still sold petrol cars.

It was followed by Suzuki, Peugeot and Isuzu, whose sales were less than 1,000 each.

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