2013 Hyundai Santa Fe demand increases owing to recommendations and top notch rankings
The 2013 Santa Fe CUV from Hyundai has been appreciated by car buyers owing to its many recommendations and rankings it has received since its…
The 2013 Santa Fe CUV from Hyundai has been appreciated by car buyers owing to its many recommendations and rankings it has received since its launch in the US. Apart from this superior retention values seen in both off lease and pre owned markets have shown that the SUV has exceeded customer satisfaction.
Accolades for the 2013 Santa Fe include IIHS top safety pick, NHTSA 5-star crash test rankings and ALG highest residual value for a midsize utility vehicle. The new 2013 Santa Fe is attracting a number of buyers who have a younger median age as compared to buyers of its previous model. Demand for this vehicle is up by 67% as compared to its previous model. The new three door seven seater Santa Fe model is doing well in markets out pacing its previous model by 15%.
In the Indian auto industry, this increase in demand has not been felt yet, as the 2013 Santa Fe is yet to be launched in the country. For the last 6 months, 404 units of Santa Fe have been sold in India. A combination of fluidic sculptured design, superior safety capabilities, interiors and usage of high tensile steel in strategic areas of the structure are other factors enticing buyers to opt for this vehicle. For more information, scroll down.
Auto News Release
ALL-NEW 2013 SANTA FE FINDS ROBUST SALES DEMAND WHILE ATTRACTING A HIGHER DEMOGRAPHIC CUV BUYER
Santa Fe receives Highest Residual Value in its class from ALG
Earns IIHS Top Safety Pick coupled with NHTSA 5-star crash ratings
COSTA MESA, Calif., December 5, 2012 – Hyundai Motor America today released key sales metrics and early buyer demographics from the highly successful launch of its all-new 2013 Santa Fe CUV. Last week, Santa Fe received ALG’s prestigious Highest Residual Value for the Midsize Utility Vehicle segment, establishing market expectations for superior value retention, both off-lease and in the pre-owned vehicle market. Equally impressive, Santa Fe has earned an IIHS Top Safety Pick recommendation as well as top-ranked 5-star NHTSA crash ratings, indicating superb crashworthiness in various critical collision categories.
2013 Santa Fe Launch Highlights
New, Higher Demographic Santa Fe Buyer
Early Launch Sales Metrics
“Santa Fe is enjoying outstanding consumer demand with a new, higher-demographic CUV buyer, higher transaction prices and top-ranked crash safety ratings from the most respected safety agencies,” said Michael O’Brien, vice president of corporate and product planning for Hyundai Motor America. “Santa Fe dealer inventories are turning at a brisk 30-day pace, and we are very pleased with the new, upmarket class of buyers attracted to its combination of fluidic sculpture design, exceptional value, interior flexibility and outstanding safety credentials.”
Even with Santa Fe’s outstanding safety ratings, curb weights remain class-leading, a benefit of Hyundai’s strategic use of high-tensile steel in specific structural areas of the platform.
|CUV||Santa Fe Sport||Edge||Equinox||Journey||Venza||Escape|
|Base Curb Weight (lbs.)||3,459||4,050||3,777||3,818||3,870||3,502|
Early internal Hyundai buyer studies for the 2013 Santa Fe indicate a younger buyer than the previous Santa Fe by nearly five years, with 36 percent higher income. It is also attracting more educated buyers than the compact CUV segment in which it competes.
In terms of in-market shopper demand, Santa Fe has surged over the past few months since the introduction of the new model, according to the marketing analytics firm Kantar Compete. Further, according to TrueCar studies measuring a cross-section of shopper demand on a variety of shopping-oriented websites, Santa Fe demand is up 67 percent over the previous model. Using industry inventory data from Cars.com, Santa Fe has the fastest days-to-turn rate (30 days) in its segment by a large margin.
|Santa Fe Sport||Edge||Equinox||Journey||Venza||Escape|
Santa Fe sales for the early launch period, September through November, are outpacing year-over-year sales for the previous model Santa Fe by nearly 15 percent, even without the benefit of the soon-to-be-released, larger 3-row Santa Fe. The new three-row, seven-passenger Santa Fe configuration made its world debut at last week’s 2012 Los Angeles Auto Show, joining the two-row, five-passenger Santa Fe Sport. The new three-row Santa Fe will be on sale early 2013.
Santa Fe Model Line Sales Volume
|Sep.-Nov. 2012||Sep.-Nov. 2011||New Model Sales Increase|