Hyundai Sells More Than 1.57 Lakh Pre-Owned Cars In CY 2024

Hyundai Motor 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% Y-o-Y (year-on-year) growth. Additionally, Hyundai Promise recorded 35,553 certified pre-owned car sales, contributing 23% to its total volume, registering 8% YoY (year-on-year) growth.

Hyundai Promise set a benchmark in customer engagement, achieving its 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 were in high demand, registering 55% of the total volumes. SUVs accounted for 21% of certified pre-owned car sales, with the Hyundai Creta being the highest contributor at 13% and VENUE at 8%, of total Hyundai Promise sales.

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Certified pre-owned cars retailed through Hyundai Promise go through 161-point checklist before being listed on the platform. Furthermore, certified pre-owned cars by Hyundai Promise are offered with added benefits including a 1-year comprehensive warranty for cars aged under 7 years, and 6 months engine and transmission warranty on cars aged between 7-10 years. All certified pre-owned cars are also offered with road-side-assistance and upto two free services at no extra cost.

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“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 technology and the trust of brand Hyundai. With over one 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. The Hyundai Creta stands as the most sought-after SUV with 13% contribution in the certified pre-owned segment, mirroring its 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,” Tarun Garg, whole-time Director and Chief Operating Officer, HMIL said.