Hyundai Motor America Reports June and Q2 2024 Sales

Rhea-AI Summary

Hyundai Motor America reported a 2.2% rise in Q2 2024 sales, totaling 214,719 units. The first half of 2024 saw a 1.2% increase in total sales, reaching 399,523 units. June sales saw a 2.5% decline compared to June 2023, with 67,631 units sold. Notable performances included record June sales for the Elantra HEV, IONIQ 5, Santa Fe HEV, Tucson HEV, and Palisade. Hybrid sales surged by 39% in June, and EV sales increased by 33% YTD. Strong SUV performance, which made up 75% of retail sales, boosted overall results.

Key corporate highlights include the announcement of the 2025 IONIQ 5 as the first vehicle to be produced at the Hyundai Metaplant in Georgia, high rankings in J.D. Power studies, and awards such as 'OEM of the Year' by WardsAuto. Additionally, the IONIQ 5 N set a benchmark at the Pikes Peak International Hill Climb, and the Elantra N TCR secured its fourth consecutive Nürburgring victory.

Positive

• Q2 2024 total sales increased by 2.2%, reaching 214,719 units.
• First half of 2024 saw a 1.2% rise, totaling 399,523 units.
• Hybrid sales jumped 39% in June.
• EV sales climbed 33% YTD.
• SUVs represented 75% of retail sales.
• Record June sales for Elantra HEV (+1%), IONIQ 5 (+17%), Santa Fe HEV (+90%), Tucson HEV (+28%), and Palisade (+57%).
• 2025 IONIQ 5 announced as the first production vehicle at the Hyundai Metaplant in Georgia.
• Hyundai ranked third among mass-market automakers in the J.D. Power 2024 U.S. Initial Quality Study.
• Hyundai's MyHyundai with Bluelink app was awarded the top spot in the J.D. Power 2024 U.S. OEM EV App Report.
• Hyundai named 'OEM of the Year' by WardsAuto.

Negative

• June sales decreased by 2.5% compared to June 2023.
• Elantra sales declined by 10% in June and 17% YTD.
• Ioniq 6 sales dropped by 21% in June.
• Nexo sales fell by 13% in June and 27% YTD.
• Santa Cruz sales decreased by 18% in June and 10% YTD.

• Total sales up 2.2% in Q2; First half total sales increase 1.2%
• Best June for IONIQ 5, Tucson HEV, Santa Fe HEV, Palisade, Elantra HEV and Elantra N
• Hybrid total sales jump 39% in June
• YTD EV total sales climb 33%

FOUNTAIN VALLEY, Calif., July 2, 2024 /PRNewswire/ -- Hyundai Motor America reported total June sales of 67,631 units, a 2.5% decrease compared with June 2023. Hyundai set total sales records in June for Elantra HEV (+1%), Elantra N (+19%), IONIQ 5 (+17%), Santa Fe HEV (+90%), Tucson HEV (+28%) and Palisade (+57%). Hyundai's total hybrid sales were up 39% in June while Green sales represented 26% of retail.

Q2 and First Half Highlights

Hyundai sold 214,719 units in Q2, for a total sales increase of 2.2% compared with Q2 2023. Hyundai set total and retail sales marks in Q2 for IONIQ 5, IONIQ 6, Santa Fe HEV, Tucson HEV and Palisade. HEV sales for the quarter rose 42% compared to Q2 last year while pure EV total sales climbed 15%.

Hyundai sold 399,523 total units in the first half of 2024 a 1.2% increase compared to the first half of 2023. Hyundai Green sales saw an increase of 24% year-over-year. SUVs represented 75% of the retail mix.

"Once again in the face of yet another industry crisis the Hyundai dealers showed their resiliency by closing Q2 with a 2.2% increase in total sales, resulting in a 1.2% increase for the first half of the year," said Randy Parker, CEO, Hyundai Motor America. "Hyundai's strong performance this quarter was driven by demand for IONIQ 5 along with Tucson and Santa Fe HEVs. Our focus remains on delivering a robust product mix and growing market share."

June Total Sales Summary

	Jun-24	Jun-23	% Chg	Q2 2024	Q2 2023	% Chg	2024 YTD	2023 YTD	% Chg
Hyundai	67,631	69,351	-2.5 %	214,719	210,164	+2.2 %	399,523	394,613	+1.2 %

June Product and Corporate Activities

• Hyundai Metaplant Announces 2025 Hyundai IONIQ 5 As First Production Vehicle: Hyundai Motor Group Metaplant America (HMGMA) officially announced that the first production vehicle to be produced there will be the 2025 Hyundai IONIQ 5.
• J.D. Power 2024 U.S. Initial Quality Study Ranks Hyundai Santa Cruz Top in Segment: The J.D. Power 2024 U.S. Initial Quality Study (IQS)^sm ranked the Hyundai Santa Cruz as America's Best Midsize Pickup in initial quality, while the brand finished third among mass-market automakers.
• Hyundai Ranks Highest in J.D. Power 2024 U.S. OEM EV Mobile App Report: Hyundai's MyHyundai with Bluelink app has been awarded the top spot among mass-market automakers' EV mobile applications in the J.D. Power 2024 U.S. OEM EV App Report.
• Hyundai Awarded 'OEM of the Year' by WardsAuto: Hyundai Motor America was named 'OEM of the Year' by WardsAuto at the AutoTech Detroit Conference in Novi, Mich. This is the second time Hyundai has been awarded the top honor by the organization.
• Hyundai Wins Two Favorite Vehicle Awards From Midwest Automotive Media Association: Hyundai led with two favorite vehicle awards at the Midwest Automotive Media Associations' (MAMA) recent Spring Rally in Elkhart Lake, WI. The award-winning, all-electric 2025 IONIQ 5 N was named Favorite Performance Vehicle, and the Hyundai Santa Fe was named Favorite Family Vehicle by MAMA's attending 100 media members.
• IONIQ 5 N Sets Benchmark for Crossover EVs at Pikes Peak International Hill Climb: IONIQ 5 N models successfully completed the Broadmoor Pikes Peak International Hill Climb (PPIHC) on June 23, setting a record for the Electric Modified and Production SUV/Crossover categories.
• Hyundai and Lurie Children's Host Car Seat Safety Check Event: Hyundai Motor America and Ann & Robert H. Lurie Children's Hospital of Chicago hosted its third child safety seat check at this year's Move for Kids walk and rally for patients, families, and neighbors at Busse Woods Forest Preserve in Elk Grove Village, Illinois.
• Hyundai Notches First IMSA Victory of 2024 at Mid-Ohio: Hyundai has followed a streak of impressive podium finishes by securing the manufacturer's first win of the 2024 IMSA Michelin Pilot Championship (IMPC) season, with the No. 76 Elantra N TCR taking the checkered flag in Sunday's O'Reilly Auto Parts Four Hours of Mid-Ohio.
• Hyundai Elantra N TCR victorious for fourth straight Nürburgring 24 Hours: The Hyundai Elantra N TCR of Mason Filippi, Harry Gottsacker, Bryson Morris and Mark Wilkins, representing Team Americas has won the TCR class of the 2024 Nürburgring 24 Hours, giving Hyundai victory for the fourth consecutive year at the race.

Model Total Sales

Vehicles	Jun-24	Jun-23	% Chg	Q2 2024	Q2 2023	% Chg	2024 YTD	2023 YTD	% Chg
Elantra	12,016	13,424	-10 %	35,429	42,265	-16 %	62,289	74,738	-17 %
Ioniq 5	3,755	3,136	+20 %	11,906	7,905	+51 %	18,728	13,641	+37 %
Ioniq 6	914	1,162	-21 %	3,266	3,023	+8 %	6,912	3,245	+113 %
Kona	6,904	6,261	+10 %	23,485	18,705	+26 %	46,539	37,925	+23 %
Nexo	7	8	-13 %	26	40	-35 %	77	105	-27 %
Palisade	9,203	5,873	+57 %	28,492	19,845	+44 %	53,747	39,447	+36 %
Santa Cruz	2,969	3,627	-18 %	9,528	10,743	-11 %	17,945	20,050	-10 %
Santa Fe	9,803	11,624	-16 %	30,528	32,616	-6 %	56,622	61,142	-7 %
Sonata	5,935	3,834	+55 %	17,983	12,844	+40 %	31,147	27,334	+14 %
Tucson	13,581	17,707	-23 %	46,637	54,421	-14 %	92,146	100,591	-8 %
Venue	2,544	2,695	-6 %	7,439	7,756	-4 %	13,371	16,359	-18 %

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 Q2 2024 sales performance?

Hyundai Motor America reported Q2 2024 sales of 214,719 units, a 2.2% increase compared to Q2 2023.

How did Hyundai’s EV sales perform in 2024?

Hyundai's EV sales climbed 33% year-to-date in 2024.

How did Hyundai’s hybrid sales perform in June 2024?

Hyundai's hybrid sales jumped 39% in June 2024.

What were Hyundai Motor America's total sales for the first half of 2024?

Hyundai Motor America's total sales for the first half of 2024 were 399,523 units, a 1.2% increase from the first half of 2023.

Which Hyundai models set sales records in June 2024?

In June 2024, Hyundai set sales records for the Elantra HEV, IONIQ 5, Santa Fe HEV, Tucson HEV, and Palisade.

What ranking did Hyundai achieve in the J.D. Power 2024 U.S. Initial Quality Study?

Hyundai ranked third among mass-market automakers in the J.D. Power 2024 U.S. Initial Quality Study.