Hyundai Motor America Reports All-Time February 2024 Sales

Rhea-AI Summary

Hyundai Motor America achieved record-breaking total and retail sales in February 2024, with a 6% increase in total sales compared to February 2023. The company set records for various models, including a significant growth in eco-friendly vehicle sales. Hyundai also received multiple awards for its safety, performance, and electric vehicles, showcasing its commitment to innovation and customer satisfaction.

Positive

• Record-breaking total and retail sales in February 2024 with a 6% increase in total sales compared to February 2023.
• Significant growth in eco-friendly vehicle sales, with a 7% increase year-over-year.
• Hyundai received multiple awards for safety, performance, and electric vehicles, highlighting its commitment to innovation and customer satisfaction.
• Hyundai's CEO, Randy Parker, emphasized the company's rising sales of electric vehicles and plug-in hybrids, showcasing a strong year-over-year growth trend.

Negative

• None.

• Total sales up 6%; Best ever total and retail sales in February
• Battery-electric retail sales jump 24%

FOUNTAIN VALLEY, Calif., March 1, 2024 /PRNewswire/ -- Hyundai Motor America reported record-breaking total February sales of 60,341 units, a 6% increase compared with February 2023. Hyundai set total sales records in February for Tucson (+8%), Tucson PHEV (+280%), Tucson HEV (+29%), Palisade (+16%), and Kona EV (+15%). Hyundai's eco-friendly vehicle sales grew 7%, while fleet volume was 8.3%. Hyundai also achieved record-breaking retail sales of 55,341, a 5% increase year-over-year.

"Hyundai's sales of electric vehicles and plug-in hybrids are steadily rising, with significant year-over-year growth," said Randy Parker, CEO, Hyundai Motor America. "We take pride in the recognition our EV and plug-in hybrid models have received and remain committed to providing our customers with a diverse range of products."

February Total Sales Summary

	Feb-24	Feb-23	% Chg	2024 YTD	2023 YTD	% Chg
Hyundai	60,341	57,044	+6 %	107,884	109,045	-1 %

February Product and Corporate Activities

• Hyundai Earns 2024 IIHS TOP SAFETY PICK and TOP SAFETY PICK+ Awards: Hyundai Motor America met the tougher safety criteria instituted by the Insurance Institute for Highway Safety (IIHS) for its 2024 TOP SAFETY PICK (TSP) and TOP SAFETY PICK+ (TSP+) awards with seven Hyundai vehicles awarded to date and regains Safety Leadership in industry. Hyundai's seven TSP/TSP+ awards are tied for second most of any brand.
• IONIQ 5 N Named In Top Three for 2024 World Car Awards: Hyundai Motor Company's IONIQ 5 N is among the Top Three in the World finalists for the 2024 World Performance Car. 
• IONIQ 6 Crowned 2023 CleanTechnica Car of the Year: The all-electric Hyundai IONIQ 6 has been named the 2023 CleanTechnica Car of the Year, solidifying its position as a leader in today's EV landscape. This award, given out by the clean-energy website's editorial team with direct voting input from its readership recognizes the IONIQ 6's outstanding performance, innovative features, and strong sales. 
• IONIQ 6 2024 MotorWeek Drivers' Choice Award for Best Electric Vehicle: Hyundai's award-winning IONIQ 6 sedan has been named MotorWeek Drivers' Choice for Best Electric Vehicle. In addition to driving impressions, the MotorWeek new vehicle evaluations consider reliability and value as well as consumer trends. 
• IONIQ 6 Named Favorite Plug-In Vehicle by MAMA: Hyundai's award-winning, all-electric IONIQ 6 sedan was named Favorite Plug-In Vehicle by the Midwest Automotive Media Association (MAMA). The IONIQ 6 stood out to the nonprofit organization's automotive media membership for its eye-catching design, intuitive connectivity, ultra-fast charging capabilities and spacious interior. 
• IONIQ 5 Named Best Electric Vehicle of 2024 by Cars.com: Hyundai's award-winning IONIQ 5 electric SUV was named Best Electric Vehicle of 2024 by Cars.com for a second year in a row, surpassing all 2024 EVs tested by Cars.com's editorial team of expert car reviewers.
• Kona Electric Named 2024 Vincentric Best Value™ in America: Hyundai's all-new 2024 Kona Electric has today been named the Vincentric Best Value in America™ winner in the Subcompact SUV segment. Vincentric Best Value awards are determined using a statistical analysis model that incorporates the current market price and total cost of ownership of all 2024 model year vehicles. 

Model Total Sales

Vehicles	Feb-24	Feb-23	% Chg	2024 YTD	2023 YTD	% Chg
Elantra	8,432	10,371	-19 %	15,332	19,026	-19 %
Ioniq 5	1,993	2,074	-4 %	3,458	3,622	-5 %
Ioniq 5 ROBOTAXI	3	0	0 %	3	0	0 %
Ioniq 6	902	0	0 %	1,662	0	0 %
Kona	7,024	6,080	+16 %	13,601	11,906	+14 %
Nexo	11	28	-61 %	34	44	-23 %
Palisade	7,832	6,742	+16 %	15,470	13,426	+15 %
Santa Cruz	2,568	2,868	-10 %	5,055	5,482	-8 %
Santa Fe	9,239	7,993	+16 %	15,260	15,290	-0 %
Sonata	4,379	4,307	+2 %	7,500	9,180	-18 %
Tucson	15,999	14,031	+14 %	27,115	26,059	+4 %
Venue	1,959	2,537	-23 %	3,394	4,978	-32 %

Hyundai Motor America

Hyundai Motor America offers U.S. consumers a technology-rich lineup of cars, SUVs, and electrified vehicles, while supporting Hyundai Motor Company's Progress for Humanity vision. Hyundai has significant operations in the U.S., including its North American headquarters in California, the Hyundai Motor Manufacturing Alabama assembly plant, the all-new Hyundai Motor Group Metaplant America (in development in Georgia), and several cutting-edge R&D facilities. These operations, combined with those of Hyundai's 835 independent dealers, contribute $20.1 billion annually and 190,000 jobs to the U.S. economy, according to a recent economic impact report. For more information, visit http://www.hyundainews.com.

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SOURCE Hyundai Motor America

FAQ

What was Hyundai Motor America's total sales increase in February 2024?

Hyundai Motor America reported a 6% increase in total sales in February 2024 compared to February 2023.

Which Hyundai models set total sales records in February?

Hyundai set total sales records in February for various models, including Tucson (+8%), Tucson PHEV (+280%), Tucson HEV (+29%), Palisade (+16%), and Kona EV (+15%).

What type of sales growth did Hyundai experience for eco-friendly vehicles?

Hyundai experienced a 7% growth in eco-friendly vehicle sales year-over-year.

Who is the CEO of Hyundai Motor America?

Randy Parker is the CEO of Hyundai Motor America.

What awards did Hyundai receive for its vehicles?

Hyundai received multiple awards for safety, performance, and electric vehicles, including the IIHS TOP SAFETY PICK and TOP SAFETY PICK+ awards, World Car Awards, CleanTechnica Car of the Year, MotorWeek Drivers' Choice Award, Vincentric Best Value in America, and more.

What is Hyundai's commitment to providing customers?

Hyundai remains committed to providing customers with a diverse range of products, including electric vehicles and plug-in hybrids.

Where can more information about Hyundai Motor America be found?

For more information about Hyundai Motor America, visit http://www.hyundainews.com.