Hyundai Motor America has reason to celebrate as it reports a significant increase in vehicle sales in the United States for the month of June. With year-over-year growth of nearly 10 percent, the company sold 69,351 vehicles, reflecting a strong market demand for Hyundai’s offerings. Furthermore, the year-to-date results are even more impressive, with a remarkable 15 percent increase compared to the previous year, reaching a total of 394,613 units sold.
The company’s strong retail presence also helped establish its footing in the EV market
A standout achievement for the South Korean automaker is the substantial growth of its all-electric vehicle sales. In June, Hyundai sold a total of 4,298 units of its Ioniq 5 and Ioniq 6 models, representing a remarkable 51 percent increase compared to the same period last year. This exceptional performance also set a new monthly record for the company. The sales figures for the Ioniq 5 crossover/SUV and Ioniq 6 sedan were particularly noteworthy, with 3,136 and 1,162 units sold, respectively.
What makes these sales figures even more remarkable is the absence of the $7,500 federal tax credit for new purchases, making Hyundai’s achievement even more impressive. Despite the lack of this incentive, customers are drawn to the brand’s electric vehicles, indicating a growing preference for eco-friendly transportation options.
The success of Hyundai’s electric lineup can be attributed to several factors. Randy Parker, CEO of Hyundai Motor America, acknowledged the positive impact of the company’s strong retail partners and the timely introduction of attractive products to the market. Parker expressed his satisfaction with the performance, stating, “Our award-winning EV lineup continues to build momentum with the best all-time monthly sales for the IONIQ 5 and the first time with over a thousand units sold for the IONIQ 6. Our strong retail partners and the right product at the right time have enabled us to attract new and existing customers to the Hyundai brand.” Although specific sales figures for the Hyundai Kona Electric were not provided, the company did disclose that the model achieved an impressive year-over-year growth of 239 percent.
Looking at the bigger picture, Hyundai’s electric vehicle sales for the second quarter totalled 10,928 units, representing a substantial 47 percent increase compared to the same period in the previous year. Year-to-date figures show that Hyundai has sold over 16,800 units of the Ioniq 5 and Ioniq 6 models in the US alone, marking a 23 percent increase from the previous year.
With a promising start to the year, Hyundai’s electric vehicle sales are expected to continue flourishing throughout the remainder of 2023. The company’s Ioniq family, comprised of the Ioniq 5 and Ioniq 6, is solidifying its position in the market, capturing a 4.3 percent share of the total sales for the year. It’s important to note that while the statistics provided reflect Hyundai’s all-electric offerings, the sales results for other electric or plug-in hybrid models are combined with conventional hybrid sales, making it difficult to assess their individual performance.
In terms of Hyundai’s hydrogen fuel cell model, the Hyundai Nexo, the sales figures have been less promising. With only eight units sold last month, representing an 84 percent decrease, and a total of 105 units delivered so far this year, indicating a 61 percent drop compared to the previous year, the demand for hydrogen-powered vehicles clearly seems to be decreasing.
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(Via)
