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…

2013 Hyundai Santa Fe (2)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

Industry Accolades

  • ALG Highest Residual Value for Midsize Utility Vehicle segment
  • IIHS Top Safety Pick
  • NHTSA 5-star crash test ratings

New, Higher Demographic Santa Fe Buyer

  • Average household income level up 36% above previous model
  • Younger median buyer age, nearly five years below previous model
  • High Turbo model sales mix of 39%, a premium buyer preference

Early Launch Sales Metrics

  • Dealer days-to-turn rate: 30 days
    • 49% faster than industry average 59 days for same period
    • Year-over-year sales nearly 15% above previous model

“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
Days-to-turn rate 30 57 72 71 49 34

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
SANTA FE 20,154 17,541 14.8%

 

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