Hyundai Motor America Reports Historic November 2023 Sales

Rhea-AI Summary

Hyundai Motor America (HYMLF) reported best-ever total November sales of 70,079 units, an 11% increase compared with November 2022. This is the 16th month in a row Hyundai has seen increases in total sales. Hyundai set total sales records in November for IONIQ 5 (+99%), Santa Fe (+6%), Santa Fe HEV (+236%), Tucson (+36%) Tucson PHEV (+532%) and Palisade (+59%). All-time total sales records were set for Tucson and Santa Fe HEV. The company also reported a 3% year-over-year increase in retail sales, with eco-friendly vehicle sales representing a 42% increase. Hyundai has also announced a strategic partnership with Amazon, the reveal of the 2024 Santa Fe, and various awards and recognitions for its vehicles.

Positive

• Hyundai reported a significant 11% increase in total sales compared to November 2022, marking the 16th consecutive month of sales growth. The company also set total sales records for various vehicle models, showcasing strong consumer demand and brand performance. Hyundai's retail sales saw a 3% year-over-year increase, with eco-friendly vehicle sales growing by 42%, indicating a positive shift towards sustainable mobility solutions. The strategic partnership with Amazon and the awards and recognitions received by Hyundai's vehicles further highlight the company's commitment to innovation and excellence.

Negative

• None.

• Total Sales Up 11% in November; 16 Consecutive Months of Total Sales Growth
• Hyundai Sets Best-Ever November Total and Retail Sales for the Brand
• Best All-Time Tucson and Santa Fe HEV Total Sales
• November Total Sales Records for IONIQ 5, Santa Fe, Santa Fe HEV, Tucson PHEV, and Palisade

FOUNTAIN VALLEY, Calif., Dec. 1, 2023 /PRNewswire/ -- Hyundai Motor America reported best-ever total November sales of 70,079 units, an 11% increase compared with November 2022. This is the 16^th month in a row Hyundai has seen increases in total sales. Hyundai set total sales records in November for IONIQ 5 (+99%), Santa Fe (+6%), Santa Fe HEV (+236%), Tucson (+36%) Tucson PHEV (+532%) and Palisade (+59%). All-time total sales records were set for Tucson and Santa Fe HEV.

"We're very pleased with the strong sales and steadfast support from our retail partners, leading us to a 16th consecutive month of increased total sales," said Randy Parker, CEO of Hyundai Motor America. "This exceptional performance extends across our entire brand, with notable strength in our line-up of SUVs, a significant driver of our continued success."

November Retail Highlights
Hyundai sold 58,027 retail units in November, a 3% year-over-year increase from November 2022. November retail sales were led by IONIQ 5, Santa Fe HEV, Tucson, Palisade and Kona. Hyundai eco-friendly vehicle sales of 10,695 represented a 42% year-over-year increase. SUVs represented 82% of the retail sales mix.

November Total Sales Summary

	Nov-23	Nov-22	% Chg	2023 YTD	2022 YTD	% Chg
Hyundai	70,079	63,305	+11 %	726,031	652,207	+11 %

November Product and Corporate Activities

• Hyundai and Amazon to Deliver Innovative Customer Experiences and Cloud Transformation: Amazon and Hyundai announced a broad strategic partnership to bring innovative new experiences to customers through strategic collaboration, including online sales of Hyundai vehicles in the U.S. in 2024, AWS as Hyundai's preferred cloud provider, and the Alexa Built-in experience to Hyundai's next-generation vehicles.
• 2024 Santa Fe Revealed at AutoMobility LA: Hyundai revealed the all-new 2024 Santa Fe to North American media at AutoMobility LA with an 'Open for More' development concept centered around its new, wider liftgate opening and spacious interior. 
• IONIQ 5 N Named Car of the Year by TopGear.com: Hyundai's IONIQ 5 N was crowned Car of the Year at the 2023 TopGear.com Awards. 
• Hyundai's IONIQ 6 Named Finalist for North American Car of the Year: Hyundai's award-winning IONIQ 6 electric vehicle has been named a finalist for the coveted 2024 North American Car of the Year Award (NACTOY).
• 2024 Hyundai Elantra N Adds Motorsport-inspired Performance and Design: Hyundai's refreshed 2024 Elantra N adds upgraded technology derived from motorsport competition to provide fine-tuned performance with improved stability and comfort. 
• 2024 IONIQ 5 Awarded TOP SAFETY PICK+ by IIHS: Hyundai's 2024 IONIQ 5 has earned the highest safety designation, TOP SAFETY PICK+, from the Insurance Institute of Highway Safety (IIHS). 
• Kona Electric Named 2023 Hispanic Motor Press EV of the Year: The Hyundai Kona Electric has been named EV of the Year in the 2024 Hispanic Motor Press Awards. 

Model Total Sales

Vehicles	Nov-23	Nov-22	% Chg	2023 YTD	2022 YTD	% Chg
Accent	0	687	0 %	31	17,669	-100 %
Elantra	8,813	11,040	-20 %	125,572	105,434	+19 %
Ioniq	0	2	0 %	0	3,672	0 %
Ioniq 5	2,372	1,191	+99 %	30,657	21,262	+44 %
Ioniq 6	1,386	0	0 %	10,943	0	0 %
Kona	6,991	5,562	+26 %	71,436	57,022	+25 %
Nexo	20	8	+150 %	216	383	-44 %
Palisade	9,185	5,763	+59 %	75,113	75,294	-0 %
Santa Cruz	2,396	3,180	-25 %	34,034	32,993	+3 %
Santa Fe	13,497	10,955	+23 %	119,359	107,890	+11 %
Sonata	2,321	6,216	-63 %	42,122	48,250	-13 %
Tucson	21,382	16,059	+33 %	190,200	156,750	+21 %
Veloster	0	25	0 %	6	1,901	-100 %
Venue	1,716	2,617	-34 %	26,342	23,687	+11 %

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 830 dealers sold more than 724,000 vehicles in the U.S. in 2022, 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 | TikTok

 

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SOURCE Hyundai Motor America

FAQ

What were Hyundai Motor America's November total sales figures and the percentage increase compared to November 2022?

Hyundai Motor America reported best-ever total November sales of 70,079 units, an 11% increase compared with November 2022.

How many consecutive months of total sales growth has Hyundai Motor America experienced?

This is the 16th month in a row Hyundai has seen increases in total sales.

Which vehicle models set total sales records in November for Hyundai Motor America?

IONIQ 5 (+99%), Santa Fe (+6%), Santa Fe HEV (+236%), Tucson (+36%) Tucson PHEV (+532%) and Palisade (+59%) set total sales records in November.

What was the percentage increase in retail sales for Hyundai Motor America in November?

Hyundai sold 58,027 retail units in November, a 3% year-over-year increase from November 2022.

What strategic partnership did Hyundai Motor America announce recently?

Hyundai announced a broad strategic partnership with Amazon to bring innovative new experiences to customers through strategic collaboration, including online sales of Hyundai vehicles in the U.S. in 2024, AWS as Hyundai's preferred cloud provider, and the Alexa Built-in experience to Hyundai's next-generation vehicles.

What vehicles received awards and recognitions for Hyundai Motor America?

Hyundai's IONIQ 5 N was crowned Car of the Year at the 2023 TopGear.com Awards. Hyundai's IONIQ 6 electric vehicle has been named a finalist for the coveted 2024 North American Car of the Year Award (NACTOY). Hyundai's 2024 IONIQ 5 has earned the highest safety designation, TOP SAFETY PICK+, from the Insurance Institute of Highway Safety (IIHS). The Hyundai Kona Electric has been named EV of the Year in the 2024 Hispanic Motor Press Awards.