March and Q1 2024 U.S. Hyundai Sales Figures Pass Stunning All-Time Record (2024)

  • 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.


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.

March and Q1 2024 U.S. Hyundai Sales Figures Pass Stunning All-Time Record (1)

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.

March and Q1 2024 U.S. Hyundai Sales Figures Pass Stunning All-Time Record (2)

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.


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.

March and Q1 2024 U.S. Hyundai Sales Figures Pass Stunning All-Time Record (3)

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.

March and Q1 2024 U.S. Hyundai Sales Figures Pass Stunning All-Time Record (4)

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.

March and Q1 2024 U.S. Hyundai Sales Figures Pass Stunning All-Time Record (5)


FTC: We use income-earning auto affiliate links.Learn more.

March and Q1 2024 U.S. Hyundai Sales Figures Pass Stunning All-Time Record (2024)


March and Q1 2024 U.S. Hyundai Sales Figures Pass Stunning All-Time Record? ›

FOUNTAIN VALLEY, Calif., April 2, 2024 /PRNewswire/ -- Hyundai Motor America reported record-breaking total March sales of 76,920 units, a 2% increase compared with March 2023. Hyundai set total sales records in March for IONIQ 5 (+58%), Tucson PHEV (+62%), Tucson HEV (+48%) and Palisade (+58%).

What is Hyundai's best selling car in the US? ›

Hyundai sold 801,195 vehicles in the USA in 2023 — an increase of 11% over the previous record 724,265 achieved in 2022. The Tucson was again the most popular Hyundai model in the USA in 2023 but the Elantra sedan narrowly outsold the Santa Fe SUV to take second place.

Where does Hyundai rank in sales? ›

The South Korean automaker, which posted fourth-quarter and full-year financial results Jan. 25, closed 2023 as the No. 4 automaker in the U.S. as measured by vehicle sales, surpassing Stellantis, Honda and Nissan. In pre-pandemic 2019, the automaker ranked No.

How many cars does Hyundai sell a year in USA? ›

Hyundai Motor saw its US sales rise 11.5% from the previous year to 870,370 units in 2023. Kia's US sales increased 12.8% to 782,451 units. Genesis saw its US sales jump 22.6% to 69,175 units.

How many Hyundai cars have been sold? ›

Overseas sales of Hyundai Motor 2023, by region

That year, the company sold a total of approximately 3.45 million vehicles globally, up from about 3.25 million in the preceding year.

Which car is No 1 in America? ›

Ford F-Series

The Ford F-Series has been the best-selling vehicle in America for years and the best-selling truck in America for nearly half a decade, and that likely won't change soon.

What is the #1 selling vehicle in America? ›

1. Ford F-150. Ford's F-Series has been the top-selling vehicle in the United States since 1981. Once more, the ever-popular pickup truck is the best-selling vehicle in America in 2021.

Who is Hyundai's biggest competitor? ›

Toyota is one of Hyundai's biggest competitors in terms of market share, and their vehicles often directly compete with each other in terms of quality, features, and price.

Where are most Hyundai cars made? ›

Ulsan in Korea – the biggest car factory in the world

Ulsan is home to a cluster of five manufacturing plants that produce vehicles for Hyundai. In total, they are capable of manufacturing around 1.5 million vehicles per year. This means that a new Hyundai rolls off the production line roughly every 10 seconds.

What is the rank of Hyundai in the world? ›

Hyundai Motor Group solidified its position as the third-largest automaker in the world for the second consecutive year. The group outpaced the Renault-Nissan-Mitsubishi Alliance, which sold 6.39 million vehicles.

Is Hyundai famous in USA? ›

The Hyundai Commitment

With the expansion of the Hyundai lineup and the ever-growing popularity of different styles, the company has grown throughout the decades and is now responsible for employing around 100,000 American citizens throughout the country.

How much of Hyundai is made in USA? ›

Made in the USA: 80 Percent of Hyundai's U.S. Vehicles to Be Born Here. Hyundai may be a Korean automaker, but it has an ever increasing footprint here in America. With sales momentum on its side, Hyundai is prepared to produce 80 percent of its vehicles for sale in the United States within our country.

How many US employees does Hyundai have? ›


All of which provides around 5,000 jobs for American automotive workers. Add to this more than 20,000 employees at Hyundai dealerships and 6,000 workers employed by our various vendors, and you've got quite the microeconomy.

What is Hyundai's best selling vehicle? ›

The Hyundai Creta remains the best-seller for Hyundai, however, on the list of top 10 cars sold in October 2023, the Creta settles for 10th place.

Who is Hyundai owned by? ›

Hyundai Motor Group (South Korea) owns Genesis, Hyundai, and Kia. Mazda Motor Corp. (Japan) owns Mazda. Mercedes-Benz Group (Germany) owns Mercedes-Benz. Renault-Nissan-Mitsubishi Alliance (Netherlands) owns Infiniti, Mitsubishi, and Nissan.

Does Kia outsell Hyundai? ›

Kia sold a total of 3.08 million cars last year, compared with Hyundai's 4.22 million vehicles. Hyundai however still offers a generous shareholder return, with a dividend yield of nearly 10% projected for 2025, according to Bloomberg.

Which is the best car in Hyundai company? ›

Best Hyundai Cars in India in 2024 – Price, Mileage, Specifications
ModelBody TypeEx-showroom Price
Hyundai TucsonSUV₹18.50 lakh onwards
Hyundai Ioniq 5Crossover₹44.95 lakh
Hyundai i20Hatchback₹7.07 lakh onwards
Hyundai AURASedan₹7.24 lakh onwards
6 more rows

Is Hyundai or Kia better? ›

Hyundai's focus is on providing the best value for drivers who want a smooth ride and conservative styling. However, drivers in the market for a performance-oriented vehicle with options to boost engine power to premium levels will want to go with a Kia.

What is the ranking of Hyundai car brand? ›

Hyundai Motor sold 4.86 million units globally and maintains sixth position in the global automotive rankings, above Audi, Nissan, Volkswagen, and Porsche.

Which is the most valuable car in Hyundai? ›

The price of Hyundai cars in India starts from ₹ 5.92 Lakh for the Grand i10 Nios while the most expensive Hyundai car in India one is the IONIQ 5 with a price of ₹ 46.05 Lakh.


Top Articles
Latest Posts
Article information

Author: Pres. Lawanda Wiegand

Last Updated:

Views: 5812

Rating: 4 / 5 (51 voted)

Reviews: 90% of readers found this page helpful

Author information

Name: Pres. Lawanda Wiegand

Birthday: 1993-01-10

Address: Suite 391 6963 Ullrich Shore, Bellefort, WI 01350-7893

Phone: +6806610432415

Job: Dynamic Manufacturing Assistant

Hobby: amateur radio, Taekwondo, Wood carving, Parkour, Skateboarding, Running, Rafting

Introduction: My name is Pres. Lawanda Wiegand, I am a inquisitive, helpful, glamorous, cheerful, open, clever, innocent person who loves writing and wants to share my knowledge and understanding with you.