Business EconomyPosted at: Feb 17 2025 3:30PM


Hyundai sells over 1.57 lakh pre-owned cars in 2024

Chennai, Feb 17 (UNI) Passenger car makers Hyundai Motor India Limited (HMIL) through its
pre-owned car program-Hyundai Promise, has achieved its highest-ever yearly sales in CY 2024, retailing 1,57,503 pre-owned cars with 5.8% YoY growth.
Strengthening customer trust and value, Hyundai Promise recorded 35,553 certified pre-owned
car sales, contributing 23% to its total volume, registering 8% YoY growth, a HMIL release here
today said.
Hyundai Promise set a new benchmark in customer engagement, achieving its highest-ever exchange outreach of 20.4% in CY 2024.
Among Hyundai Promise certified pre-owned car sales in CY 2024, the Hyundai i20, CRETA and GRAND i10 dominated sales, registering 55% of the total volumes. SUVs accounted for 21% of certified pre-owned car sales, with the CRETA being the highest contributor at 13% and VENUE
at 8%, of total Hyundai Promise sales.
Mr. Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL said, “The pre-owned
car market in India has ample room for improvement in parameters like transparency, trust, and reliability - challenges that Hyundai Promise, as an OEM-owned network, directly addresses by
using new-age technology and the trust of brand Hyundai."
With over 1 million pre-owned car sales since inception, Hyundai Promise has redefined the experience of buying and selling used cars, making it more reliable, transparent, and hassle-free,
he said.
The Hyundai CRETA stands as the most sought-after SUV with 13% contribution in the certified
pre-owned segment, mirroring its unmatched popularity in the new car segment. SUV models
such as the VENUE and CRETA fetch over 70% of its original price even after third year.
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