- Hyundai sales figures passed an amazing all-time record in March and the first quarter of 2024 here in the United States.
- In March, Hyundai’s sporty all-electric IONIQ 5 boasted a 58% increase in sales while general EV sales doubled, contributing to an overall 35% growth in sales of all eco-friendly models, proving the growing popularity of EVs.
- Hyundai EV sales for Q1 2024 grew an astounding 62% compared to Q1 2023.
Hyundai Motor America announced impressive and exciting news, shattering its own sales records in March and the first quarter of 2024. Hyundai reported impressive sales figures for March 2024 of 76,920 units, a 2% increase compared with March 2023.
March saw unprecedented sales achievements for several of Hyundai’s models. The IONIQ 5 soared with a 58% increase, Tucson PHEV jumped 62%, Tucson HEV climbed 48%, and the Palisade enjoyed a 58% rise in sales.
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Hyundai EV Sales Doubled, Eco-Friendly Models Grew 35% in March
In March, the surge in electric vehicle interest was astounding. EV sales doubled, contributing to an overall 35% growth in sales figures of all eco-friendly Hyundai models, reaching 11,485 units.
Fleet sales accounted for 11% of the total sales volume.
Hyundai EV Sales Climbed an Incredible 62% YoY in Q1
The first quarter of the year continued the trend of great success for Hyundai sales figures. Hyundai sold 184,804 units in Q1, for a total sales increase of 0.2% compared with Q1 2023, setting a new Q1 record.
This period set other new records for Hyundai, especially in sales of IONIQ 5, Tucson PHEV, Tucson HEV, Kona EV, and Palisade, with EV sales for the quarter surging 62% compared to the previous year.
The Hyundai IONIQ 5 Is a Top Contender
The 2024 IONIQ 5 electric SUV heralds a new era in electric vehicles, combining cutting-edge technology with eco-friendly performance. Engineered to deliver an impressive power output of up to 320 horsepower, this vehicle does not compromise on performance.
This Hyundai EV is equipped with an EPA-estimated range of 303 miles, making it an excellent choice for both city commuting and longer road trips. The availability of HTRAC All-Wheel Drive (AWD) enhances its adaptability to various driving conditions, ensuring a smooth and secure driving experience.
Priced from $66,100, the IONIQ 5 offers substantial value with its advanced features, including a fast-charging capability that adds about 155 miles of range in just 18 minutes (80% charged), providing convenience and efficiency. With an electric engine delivering 601 horsepower and a seamless 1-speed automatic transmission, the 2024 IONIQ 5 is revolutionizing the electric SUV market, promising a blend of power, sustainability, and innovation.
Hyundai’s IONIQ 5 N Was Named the 2024 World Performance Car by the World Car Awards
Hyundai Motor Company continued its impressive performance at the World Car Awards, securing another prestigious title with the IONIQ 5 N high-performance EV being crowned the 2024 World Performance Car.
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This recognition underscores Hyundai’s commitment to innovation, design, and sustainability in the automotive industry.
IONIQ 5 Was Recognized as 2024 Best Cars for Families by Parents Magazine and U.S. News & World Report
The Hyundai IONIQ 5 has been honored in the 2024 PARENTS Best Family Cars Awards, presented by Parents magazine. It was named the Best Electric 5-Passenger SUV for Families, a testament to its family-friendly design and features.
The IONIQ 5 stands out for its flexible interior that caters to the diverse needs of modern families, offering exceptional rear-seat roominess that ensures comfort for all passengers. Its fast-charging capabilities mean less downtime and more adventure, adding to its appeal for family outings. Furthermore, the unique optional Vehicle-to-Load (V2L) adapter underscores its versatility, allowing families to use their car as a mobile power source.
Continuing its winning streak, the IONIQ 5 was also recognized by U.S. News & World Report in the 2024 Best Cars for Families awards. The IONIQ 5 clinched the title for Best Electric Vehicle for Families, highlighting Hyundai’s commitment to delivering environmentally friendly vehicles without compromising on the values important to family car buyers. This double recognition solidifies the IONIQ 5’s position as a top choice for families seeking a sustainable, comfortable, and versatile electric vehicle.
Hyundai Motor Doubled Down on EVs in April 2024 With a $51B Investment in Electric Vehicles
In April, the Hyundai Kia Automotive Group unveiled an ambitious plan, committing a whopping 68 trillion won ($51 billion) over the next three years to escalate the production of Hyundai EVs and invest in new mobility ventures.
Hyundai has earmarked another 31.1 trillion won ($23 billion) specifically for the research and development of electric vehicles within South Korea.
The company plans to kickstart the production of EVs in Georgia by October. This initiative is poised to make Hyundai and Kia EVs eligible for substantial tax credits — up to $7,500 — enhancing their competitiveness in the U.S. market. With these commitments, Hyundai is destined to become a top leader in the U.S. EV market in the future.
In 2024, Amazon will launch online Hyundai vehicle sales in the U.S, marking a sea change in the car-buying process.
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