Hyundai Motor America Reports October 2021 Sales

Rhea-AI Summary

Hyundai Motor America reported October 2021 sales of 56,761 units, a 1% decline from October 2020. Despite this, the company achieved record sales for its models including Venue, Palisade, and Kona and marked the best month for Nexo. Retail sales reached 52,767 units, up 1%, with eco-friendly vehicle sales soaring 290%. Hyundai's SUV retail sales comprised 70% of the total volume. Overall, Hyundai is gaining market share, outperforming industry forecasts of a 20% drop in total sales.

Positive

• Achieved record sales for Venue, Palisade, and Kona models.
• Best-ever month for Nexo with a 70% sales increase.
• Retail sales increased by 1% to 52,767 units.
• Eco-friendly vehicle retail sales grew by 290%.
• SUV sales accounted for 70% of retail volume.

Negative

• Total sales decreased by 1% compared to October 2020.
• Elantra sales declined by 26%.
• Santa Fe sales fell by 22%.
• Sonata sales decreased by 27%.
• Tucson sales dropped by 11%.
• Veloster sales plummeted by 51%.

FOUNTAIN VALLEY, Calif., Nov. 2, 2021 /PRNewswire/ -- Hyundai Motor America reported total October sales of 56,761 units, a 1% decrease compared with October 2020. Hyundai set new October total sales records for Venue, Palisade and Kona, and achieved the best-ever month for Nexo. Hyundai outperformed the industry with forecasts predicting a 20% drop in total industry sales.

"Hyundai dealers are turning vehicles quickly as consumer demand remains strong for our product portfolio," said Randy Parker, senior vice president, National Sales, Hyundai Motor America. "We established several total and retail model records in October, and overall we are continuing to gain substantial market share."

October Retail Highlights

Hyundai sold 52,767 retail units, an October retail record, and an increase of 1%. Hyundai eco-friendly vehicle retail sales continued to grow significantly, increasing 290% on the month. SUV retail sales increased 4% on the month, representing 70% of retail volume.

October Total Sales Summary

	Oct-21	Oct-20	% Chg	2021 YTD	2020 YTD	% Chg
Hyundai	56,761	57,395	-1%	642,396	500,820	28%

October Product and Corporate Activities

• Hyundai's Evolve Showroom on Amazon: Shoppers can discover available Hyundai vehicles at participating dealers and begin the vehicle selection process directly on Amazon
• J.D. Power 2021 U.S. Tech Experience Index Study: J.D. Power designated Hyundai as its highest ranked mass market brand in the annual tech experience study
• Hydrogen Infrastructure: Hyundai joined Shell Hydrogen to encourage growth of the hydrogen refueling infrastructure in California
• 2022 Hyundai Sonata N Line Night Edition Hits Dealerships: The limited-production vehicle that debuted in the action film "Snake Eyes: G.I. Joe Origins," is now available at dealerships
• Hispanic Heritage Month: Hyundai celebrated Hispanic Heritage Month with a multifaceted campaign including philanthropic and community-based support
• Best Global Brands: Hyundai ranked No. 35 in Interbrand's Best Global Brands 2021
• OKAY Hyundai!: Hyundai and its African American marketing agency of record, Culture Brands, launched their inaugural marketing campaign, entitled OKAY Hyundai
• Sobre Ruedas Awards: The 2022 Santa Cruz and IONIQ 5 both received 2021 Sobre Ruedas Awards at the 2021 Miami International Auto Show

Model Total Sales

Vehicle	Oct-21	Oct-20	% Chg	2021 YTD	2020 YTD	% Chg
Accent	2,863	1,129	154%	17,699	13,444	32%
Elantra	8,447	11,428	-26%	114,553	86,531	32%
Ioniq	1,621	1,202	35%	17,177	10,441	65%
Kona	8,440	6,540	29%	79,368	59,353	34%
Nexo	63	37	70%	345	175	97%
Palisade	8,670	7,519	15%	73,343	68,102	8%
Santa Cruz	1,848	0	---	4,841	0	---
Santa Fe	7,040	9,072	-22%	96,696	79,492	22%
Sonata	5,561	7,570	-27%	86,021	60,696	42%
Tucson	9,735	10,898	-11%	125,782	102,037	23%
Veloster	218	443	-51%	1,958	7,028	-72%
Venue	2,255	1,557	45%	24,613	13,521	82%

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 620,000 vehicles in the U.S. in 2020, 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 October 2021?

Hyundai reported total sales of 56,761 units for October 2021.

How did Hyundai's October 2021 sales compare to October 2020?

Sales in October 2021 decreased by 1% compared to October 2020.

What record sales did Hyundai achieve in October 2021?

Hyundai set new October total sales records for the Venue, Palisade, and Kona models.

How much did eco-friendly vehicle sales increase in October 2021?

Eco-friendly vehicle retail sales increased by 290% in October 2021.

What percentage of Hyundai's retail sales were SUVs in October 2021?

SUV retail sales represented 70% of Hyundai's total retail volume in October 2021.