Hyundai Motor America Reports October 2022 Sales

Rhea-AI Summary

Hyundai Motor America reported a 7% increase in total sales for October 2022, with 60,604 units sold, compared to October 2021. SUVs accounted for 72% of sales at 43,511 units, an increase of 14% year-over-year. Notably, the month set records for total retail sales of Elantra HEV, Santa Fe HEV, Tucson, Tucson HEV, and Santa Cruz models. Retail sales reached 58,315, marking an 11% year-over-year rise. However, year-to-date total sales showed an 8% decline, standing at 588,902 units.

Positive

• 7% increase in total sales in October 2022.
• Record sales for Elantra HEV, Santa Fe HEV, Tucson, Tucson HEV, and Santa Cruz models.
• SUVs contributed 72% of total sales, with a 14% increase year-over-year.

Negative

• Year-to-date sales decreased by 8%, totaling 588,902 units.
• Significant drops in sales for models like Accent (-41%), Ioniq (-100%), and Kona (-32%).

• October Total Sales Increased 7%; Retail Sales Up 11%
• Best October Retail Month on Record
• All-Time Total and Retail Sales Records for Elantra HEV, Santa Fe HEV, Tucson, Tucson HEV and Santa Cruz

FOUNTAIN VALLEY, Calif., Nov. 1, 2022 /PRNewswire/ -- Hyundai Motor America reported total October sales of 60,604 units, a 7% increase compared with October 2021. SUVs were 43,511 units, a 14% increase year-over-year and 72% of total sales. Hyundai set total and retail sales records in October for Elantra HEV, Santa Fe HEV, Tucson, Tucson HEV and Santa Cruz. Hyundai fleet sales remained at 0.4% for the year, prioritizing inventory for its retailers and consumers.

"Demand is still there and our lineup of EV vehicles contributed to record sales this month," said Randy Parker, CEO, Hyundai Motor America. "With the great products we have, we'll continue to compete in the marketplace. Our company has done an excellent job keeping the product pipeline moving."

October Total Sales Summary

	Oct-22	Oct-21	% Chg	2022 YTD	2021 YTD	% Chg
Hyundai	60,604	56,761	+7 %	588,902	642,396	-8 %

October Retail Highlights

Hyundai's retail sales of 58,315 units represented an 11% year-over-year increase from October 2021. This was the third consecutive month of best-ever retail sales led by Elantra HEV (+146%), Santa Fe HEV (+64%), Santa Cruz (+63%), Tucson (+63%) and Tucson HEV (+27%). Hyundai Green sales of 7,576 represented 13% of retail and an 11% year-over-year increase.

October Product and Corporate Activities

• Groundbreaking in Georgia: Hyundai Motor Group Executive Chair Euisun Chung, Governor Brian P. Kemp, company officials, and state and local leaders officially broke ground on Hyundai Motor Group Metaplant America (HMGMA) LLC's new manufacturing plant at the Bryan County Mega site.
• IONIQ 5 2023 SUV of the Year: MotorTrend announced the Hyundai IONIQ 5 as the winner of its prestigious "Golden Calipers" for SUV of the Year.
• Newsweek Autos Awards: Hyundai was selected as the winner in three categories of the 2022 Newsweek Autos awards. Kona was awarded the Best Small SUV, Santa Cruz was deemed the Best Small Pickup and Hyundai was selected as the Best Brand for Your Buck.
• 2023 Tucson Marketing Campaign: Hyundai Motor America and its African American marketing agency of record, Culture Brands, launched their new multicultural campaign featuring the 2023 Tucson.
• Hyundai Sweeps Championships: For the third consecutive year, Hyundai clinched the drivers', teams' and manufacturers' IMSA Michelin Pilot Challenge (IMPC) overall championships at Michelin Raceway Road Atlanta.
• Hurricane Ian Disaster Relief: Hyundai Motor North America, Hyundai Capital America and Hyundai Motor Group announced a multifaceted hurricane relief program valued up to $17 Million.

October Model Total Sales

Vehicles	Oct-22	Oct-21	% Chg	2022 YTD	2021 YTD	% Chg
Accent	1,683	2,863	-41 %	16,982	17,699	-4 %
Elantra	8,530	8,447	+1 %	94,394	114,553	-18 %
Ioniq	1	1,621	-100 %	3,670	17,177	-79 %
Ioniq 5	1,579	0	0 %	20,071	0	0 %
Kona	5,780	8,440	-32 %	51,460	79,368	-35 %
Nexo	30	63	-52 %	375	345	+9 %
Palisade	5,775	8,670	-33 %	69,531	73,343	-5 %
Santa Cruz	3,010	1,848	+63 %	29,813	4,841	+516 %
Santa Fe	10,806	7,040	+53 %	96,935	96,696	+0 %
Sonata	6,796	5,561	+22 %	42,034	86,021	-51 %
Tucson	15,066	9,735	+55 %	140,691	125,782	+12 %
Veloster	83	218	-62 %	1,876	1,958	-4 %
Venue	1,465	2,255	-35 %	21,070	24,613	-14 %

Note: Electrified vehicles are hybrid, plug-in hybrid, battery electric and hydrogen fuel cell models.

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 738,000 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 October 2022?

Hyundai reported total sales of 60,604 units for October 2022, a 7% increase compared to October 2021.

How did Hyundai's retail sales perform in October 2022?

Retail sales for Hyundai in October 2022 reached 58,315 units, reflecting an 11% increase year-over-year.

What percentage of Hyundai's sales in October 2022 were SUVs?

In October 2022, SUVs made up 72% of Hyundai's total sales, amounting to 43,511 units sold.

Which Hyundai models set sales records in October 2022?

The Elantra HEV, Santa Fe HEV, Tucson, Tucson HEV, and Santa Cruz models set sales records in October 2022.

What was the year-to-date sales performance for Hyundai as of October 2022?

Hyundai's year-to-date sales decreased by 8%, totaling 588,902 units.