Hyundai Motor America Reports December, Q4 and 2021 Sales

Rhea-AI Summary

Hyundai Motor America reported a total of 51,340 vehicle sales in December 2021, marking a 23% decline from December 2020. Despite this, overall sales for 2021 reached 738,081 units, a 19% increase compared to 2020, achieving the third-best year in company history. Major models such as Venue, Kona, and Tucson set annual sales records, while fleet sales dropped 24%. Retail sales in December also fell 11%.

Hyundai aims to meet high consumer demand for 2022, with new initiatives and product launches planned.

Positive

• Total sales for 2021 reached 738,081 units, a 19% increase compared to 2020.
• 2021 retail sales total of 694,349 units, the highest ever for the company, marking a 23% gain.
• Models like Venue (+50%), Kona (+18%), and Tucson (+22%) achieved new annual sales records.

Negative

• December sales down 23% year-over-year (51,340 units vs. 66,278 units).
• Q4 total sales decreased by 15% compared to Q4 2020.
• Fleet sales declined by 24%, representing only 6% of total sales.

FOUNTAIN VALLEY, Calif., Jan. 4, 2022 /PRNewswire/ -- Hyundai Motor America reported total December sales of 51,340 units, a 23% decrease compared with December 2020. Retail sales declined 11%.

"2021 was a highly-successful year for the Hyundai brand and our retail partners," said Randy Parker, senior vice president, National Sales, Hyundai Motor America. "We navigated a variety of challenges and sold the most retail units in our history, increasing our retail market share nearly a full point. Shopping activity and consumer interest in our product portfolio remains high, and we are focused on meeting that demand in 2022 and continuing our ascent in the market."

Q4 Results
In the fourth quarter, Hyundai sold 152,446 total (-15%) and 148,169 retail (-5%) units.

2021 Results
For the year, Hyundai sold 738,081 total vehicles, a 19% increase compared with 2020 and the third best year in company history. Venue (+50%), Kona (+18%), Tucson (+22%), Palisade (+5%) and Nexo (+107%) established new annual total sales records.

On the retail front, Hyundai sold 694,349 retail units, the highest yearly retail sales total ever, for a 23% gain. Hyundai fleet sales in 2021 were down 24%, representing 6% of total volume.

December, Q4 and Year-to-Date Total Sales Summary

	Dec-21	Dec-20	% Chg	Q4 2021	Q4 2020	% Chg	2021 YTD	2020 YTD	% Chg
Hyundai	51,340	66,278	-23%	152,446	178,844	-15%	738,081	622,269	19%

December Product and Corporate Activities

• Consumer Electronics Show: Later today at 3 p.m. PT, Hyundai will present its future vision for robotics and the metaverse during the company's CES press conference; livestream available here
• IONIQ 5 Sales: Hyundai delivered the all-new, all-electric IONIQ 5 to the first customers on both the west and east coasts
• Tucson XRT: Hyundai introduced the rugged 2022 Tucson XRT trim
• KBB Best Buy Award: The 2022 Santa Fe was selected as the 2022 Kelley Blue Book Best Buy Award in the 2-Row Midsize SUV segment
• Kentucky Donations: Hyundai and its Kentucky dealers announced donations of $150,000 to support Western Kentucky following the recent tornadoes

Model Total Sales

Vehicle	Dec-21	Dec-20	% Chg	Q4 2021	Q4 2020	% Chg	2021 YTD	2020 YTD	%Chg
Accent	844	1,559	-46%	4,778	3,660	31%	19,614	15,975	23%
Elantra	5,193	10,849	-52%	18,316	30,372	-40%	124,422	105,475	18%
Ioniq	1,361	2,039	-33%	4,329	4,331	0%	19,885	13,570	47%
Ioniq 5	153	0	---	153	0	---	153	0	---
Kona	5,299	8,349	-37%	19,141	23,440	-18%	90,069	76,253	18%
Nexo	37	13	185%	148	70	111%	430	208	107%
Palisade	6,882	8,123	-15%	21,866	22,078	-1%	86,539	82,661	5%
Santa Cruz	3,000	0	---	7,049	0	---	10,042	0	---
Santa Fe	8,698	12,500	-30%	22,415	30,337	-26%	112,071	100,757	11%
Sonata	3,514	8,059	-56%	12,682	23,871	-47%	93,142	76,997	21%
Tucson	13,842	11,881	17%	34,902	32,518	7%	150,949	123,657	22%
Veloster	71	267	-73%	372	1,006	-63%	2,112	7,591	-72%
Venue	2,446	2,639	-7%	6,295	7,161	-12%	28,653	19,125	50%

Hyundai Motor America
Hyundai Motor America focuses on 'Progress for Humanity' and smart mobility solutions. Hyundai offers U.S. consumers a technology-rich lineup of cars, SUVs and electrified vehicles. Our 820 dealers sold more than 730,000 vehicles in the U.S. in 2021, and nearly half were built at Hyundai Motor Manufacturing Alabama. For more information, visit www.HyundaiNews.com.

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

 

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SOURCE Hyundai Motor America

FAQ

What were Hyundai's total sales for December 2021?

Hyundai reported total sales of 51,340 units in December 2021, a 23% decline from the previous year.

How did Hyundai perform in the fourth quarter of 2021?

In Q4 2021, Hyundai sold a total of 152,446 units, which is a 15% decrease compared to Q4 2020.

What were Hyundai's total vehicle sales for 2021?

Hyundai sold 738,081 total vehicles in 2021, marking a 19% increase compared to 2020.

How did retail sales for Hyundai change in 2021?

Hyundai's retail sales increased by 23% in 2021, totaling 694,349 units, the highest in the company's history.

What challenges did Hyundai face in December 2021?

Hyundai faced a decline in December sales, which fell 23% compared to December 2020, with retail sales down 11%.