Hyundai Motor America Reports All-Time Record March and Q1 2024 Sales

Rhea-AI Summary

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 various models, with EV sales growing by 100% and all eco-friendly vehicle sales combined hitting 11,485 units, a 35% increase. In Q1, Hyundai sold 184,804 units, setting a new Q1 record with a total sales increase of 0.2% compared to Q1 2023. The CEO, Randy Parker, attributed the success to high demand for their vehicles, especially EVs.

Positive

• Record-breaking total March sales of 76,920 units, a 2% increase compared to March 2023.
• Various models like IONIQ 5, Tucson PHEV, Tucson HEV, and Palisade set total sales records in March.
• EV sales grew by 100% in March, with all eco-friendly vehicle sales combined increasing by 35%.
• Q1 saw Hyundai selling 184,804 units, setting a new record with a total sales increase of 0.2% compared to Q1 2023.
• CEO Randy Parker credited the success to high demand for Hyundai's vehicles, especially EVs.

Negative

• None.

• Hyundai sets best-ever Q1 total sales
• Best March ever for Hyundai; up 2%
• EV sales grow 100% in March; IONIQ 5 up 58%

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%). Hyundai EV sales increased 100% and all eco-friendly vehicle sales combined hit 11,485 units, a 35% increase. Fleet volume was 11% of total sales.

Hyundai sold 184,804 units in Q1, for a total sales increase of 0.2% compared with Q1 2023, setting a new Q1 record. Hyundai set total and retail sales marks in Q1 for IONIQ 5, Tucson PHEV, Tucson HEV, Kona EV and Palisade. EV sales for the quarter jumped 62% compared to Q1 last year.

"Hyundai keeps producing products that win awards, and demand for our vehicles, especially EVs, remains high," said Randy Parker, CEO, Hyundai Motor America. "We saw the best Q1 total sales results influenced by Palisade, Kona and IONIQ. We're thrilled about the all-new Santa Fe, our successful NY Auto Show where IONIQ 5 N won World Performance Car of the Year and the introduction of the refreshed Tucson and Santa Cruz."

March Total Sales Summary

	Mar-24	Mar-23	% Chg	2024 YTD (Q1)	2023 YTD (Q1)	% Chg
Hyundai	76,920	75,404	+2.0 %	184,804	184,449	+0.2 %

March Product and Corporate Activities

• 2025 Santa Cruz Makes World Debut at the New York International Auto Show: Hyundai unveiled an enhanced 2025 Santa Cruz Sport Adventure Vehicle in a world debut at the New York International Auto Show.
• 2025 Tucson SUV Debuts at New York International Auto Show: Hyundai unveiled its thoroughly refreshed 2025 Tucson SUV in a North American reveal at the New York International Auto Show.
• IONIQ 5 N Charges On With 2024 World Performance Car Award Victory: Hyundai Motor Company continued its winning streak at the World Car Awards with the IONIQ 5 N high-performance electric vehicle (EV) named the 2024 World Performance Car. 
• IONIQ 5 Named Among List of 2024 Parents Best Family Cars Awards: Parents has named the IONIQ 5 as the Best Electric 5 Passenger SUV for Families in their 2024 Best Family Cars Awards. This recognition highlights the IONIQ 5's flexible interior, outstanding rear-seat roominess, fast-charging capability, and unique optional Vehicle-to-Load (V2L) adapter. 
• IONIQ 5 and Tucson Recognized as 2024 Best Cars for Families by U.S. News & World Report: Hyundai has been recognized with two vehicles in the 2024 Best Cars for Families awards by U.S. News & World Report. The 2024 Hyundai Tucson was named Best Compact SUV and the 2024 Hyundai IONIQ 5 won Best Electric Vehicle for Families.
• Hyundai Wins Best Multicultural Marketing Award Featuring IONIQ 5 and IONIQ 6: Hyundai and its U.S. Hispanic marketing agency, Lopez Negrete Communications, announced the prestigious recognition of Best Multicultural Campaign award by MediaPost for their Hispanic IONIQ 5 and IONIQ 6 campaign, "Cautionary Tales" or "Viejos Cuentos".

Model Total Sales

Vehicles	Mar-24	Mar-23	% Chg	2024 YTD (Q1)	2023 YTD (Q1)	% Chg
Elantra	11,528	13,447	-14 %	26,860	32,473	-17 %
Ioniq 5	3,361	2,114	+58 %	6,822	5,736	+18 %
Ioniq 6	1,984	222	+794 %	3,646	222	+1542 %
Kona	9,453	7,314	+29 %	23,054	19,220	+20 %
Nexo	17	21	-19 %	51	65	-22 %
Palisade	9,785	6,176	+58 %	25,255	19,602	+29 %
Santa Cruz	3,362	3,825	-12 %	8,417	9,307	-10 %
Santa Fe	10,834	13,236	-18 %	26,094	28,526	-9 %
Sonata	5,664	5,310	+7 %	13,164	14,490	-9 %
Tucson	18,394	20,111	-9 %	45,509	46,170	-1 %
Venue	2,538	3,625	-30 %	5,932	8,603	-31 %

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.

Hyundai Motor America on Twitter | YouTube | Facebook | Instagram | LinkedIn | TikTok

View original content to download multimedia:https://www.prnewswire.com/news-releases/hyundai-motor-america-reports-all-time-record-march-and-q1-2024-sales-302105571.html

SOURCE Hyundai Motor America

FAQ

What were Hyundai's total March sales and how did they compare to March 2023?

Hyundai reported total March sales of 76,920 units, a 2% increase compared to March 2023.

Which models set total sales records in March for Hyundai?

Various models like IONIQ 5, Tucson PHEV, Tucson HEV, and Palisade set total sales records in March.

By how much did EV sales grow in March for Hyundai?

Hyundai's EV sales grew by 100% in March.

What was the total number of eco-friendly vehicle sales combined in March for Hyundai?

All eco-friendly vehicle sales combined for Hyundai hit 11,485 units, a 35% increase.

How many units did Hyundai sell in Q1, and what was the total sales increase compared to Q1 2023?

Hyundai sold 184,804 units in Q1, with a total sales increase of 0.2% compared to Q1 2023.

Who attributed the success of Hyundai's sales to high demand for their vehicles, especially EVs?

The CEO, Randy Parker, credited the success to high demand for Hyundai's vehicles, especially EVs.