Hyundai Reports IONIQ 5 Retail Sales up 30% in Q3, Total Hybrids up 36% in September

Hyundai Motor America reported total sales of 62,491 units in September, representing a 9% decrease compared to the same month in 2023. However, the company set new sales records for specific hybrid models, including a significant 87% increase in Santa Fe Hybrid sales, and a 52% rise in Tucson Hybrid sales. Overall, hybrid vehicle sales jumped by 36%, reflecting strong demand for Hyundai’s eco-friendly offerings despite the overall decline in total sales.

“We set an all-time retail sales record in the third quarter thanks to strong demand for our IONIQ 5 and hybrid models along with the hard work of our retail partners,” said Randy Parker, CEO, Hyundai Motor America. “A September calendar quirk resulting in fewer selling days and Labor Day falling into the August sales month impacted the year-over-year comparison, but despite that, we still achieved a 36% increase in hybrid sales on the month as consumer demand remains high for hybrids. Our mission is to close the year strong and set another all-time annual sales record for the brand.”

Hyundai’s Q3 Highlights

In the third quarter, Hyundai set a new record for Q3 retail sales, with total sales reaching 210,971 units. This marked a 5% increase compared to Q3 2023, making it the second-best third quarter in the company’s history. Hyundai also achieved new Q3 total and retail sales records for both the Santa Fe Hybrid and Tucson Hybrid models, highlighting the growing demand for its hybrid vehicles. IONIQ 5 retail sales climbed significantly, up 30% in Q3. Total sales of the IONIQ 5 were up 20% year-to-date (YTD).

Retail sales are defined as sales to individuals. Total sales include retail as well as sales to fleets, comprising corporate, government, and rental companies.

Hyundai IONIQ 6 sales are up 9% year-to-date (YTD) despite slipping 57% in Q3 with 2,185 units sold. Later in 2024, Hyundai will introduce its first three-row electric SUV, the IONIQ 9. With US production and new models coming, Hyundai is poised to bring the momentum into 2025. The company is rapidly increasing its EV market share in America.

Hyundai Motor Enjoys Major Milestone with 100 Million Vehicles Produced Globally

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Hyundai and GM Agree to Explore Collaboration on Vehicles, Supply Chain and Clean-Energy Technologies

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Hyundai Announces U.S.-Built 2025 IONIQ 5

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IONIQ 5 N Sweeps Drive Revolution Awards Competition Sponsored by NWAPA

Hyundai’s high-performance all-electric IONIQ 5 N SUV dominated the 2024 Drive Revolution competition, hosted by the Northwest Automotive Press Association (NWAPA), by winning in three highly competitive categories. The IONIQ 5 N took home awards for Best Performance, which includes both electrified and non-electrified models, Best Electrified Vehicle, and Best Battery Electric. This victory is particularly impressive as it was achieved against formidable and often higher-priced competitors, including six-figure supercars and high-power luxury sedans.

Hyundai Offers IONIQ 5 N EV Customers a Complimentary ChargePoint Charger or a $450 Charging Credit

Hyundai is offering customers who purchase or lease a new 2025 Hyundai IONIQ 5 N the option to choose between a ChargePoint Home Flex Level 2 charger or a $450 charging credit. The charger will be provided through Hyundai’s Home Marketplace, a service that also assists with scheduling the installation, making it easier for customers to set up home charging solutions.