Hyundai Motor America Reports Record-Breaking January 2022 Sales

Rhea-AI Summary

Hyundai Motor America announced record-breaking January 2022 sales, totaling 47,872 units, a 10% increase from January 2021. Key highlights included strong sales in eco-friendly vehicles (+312%) and SUVs (+35%), comprising 79% of retail volume. Notably, models such as the Tucson (+64%) and Ioniq (+51%) achieved new sales records. Hyundai reported no fleet sales during the month, emphasizing growth driven by consumer demand despite ongoing challenges like the global pandemic and microchip shortages.

Positive

• January 2022 total sales reached 47,872 units, a 10% increase compared to January 2021.
• Sales of eco-friendly vehicles surged by 312% year-over-year.
• SUV retail sales increased by 35%, representing 79% of retail volume.
• Several models set new January sales records, including Tucson (+64%) and Ioniq (+51%).
• Best January retail sales ever, up by 18% year-over-year.

Negative

• Accent sales declined by 51% compared to January 2021.
• Elantra sales fell by 30%, continuing a downward trend.
• Significant drop in Sonata sales by 40% year-over-year.
• Kona and Veloster sales decreased by 7% and 55% respectively.

FOUNTAIN VALLEY, Calif., Feb. 1, 2022 /PRNewswire/ -- Hyundai Motor America reported total January sales of 47,872 units, a 10% increase compared with January 2021 and the highest January sales total in company history. Venue (+70%), Tucson (+64%), Palisade (+12%) and the Ioniq (+51%) also established new January total sales records. Hyundai did not have any fleet sales during the month.

"High levels of consumer interest across our product lineup resulted in record-breaking January sales even as we continue to navigate through the global pandemic and microchip shortages," said Randy Parker, senior vice president, national sales, Hyundai Motor America. "We are off to a great start to the year and outperformed the industry thanks to a tremendous effort by the entire organization."

January Retail Highlights
Hyundai achieved its best January retail sales ever, increasing 18% year-over-year. Hyundai eco-friendly vehicle retail sales grew 312%, while SUV retail sales were up 35%, representing 79% of retail volume. Venue, Tucson, Palisade, Kona and Ioniq set new January retail records.

January Total Sales Summary
	Jan-22	Jan-21	% Chg	2022 YTD	2022 YTD	% Chg
Hyundai	47,872	43,394	10%	47,872	43,394	10%

January Product and Corporate Activities

• CES: At CES, Hyundai Motor shared how the company's robotics business will drive the paradigm shift towards future mobility, and introduced pioneering new concepts of 'Metamobility' and 'Mobility of Things' (MoT)
• Robert Wickens Returns: In his first race back since a horrific 2018 accident, Robert Wickens finished third in the Bryan Herta Autosport #33 Elantra N TCR at the IMSA Michelin Pilot Challenge four-hour endurance race at Daytona International Speedway
• IONIQ 5 Marketing: Hyundai launched the national marketing campaign for the IONIQ 5 with a new commercial starring Jason Bateman
• SoFi Stadium: Hyundai became a founding partner of SoFi Stadium and inked sponsorship deals with the Los Angeles Rams and Los Angeles Chargers
• Awards: Santa Cruz was selected as the 2022 Best Performing Truck from The Fast Lane Truck, IONIQ 5 won a Good Design award, while Hyundai earned more U.S. News and World Report 2022 Best Cars for the Money Awards than any other brand

Model Total Sales
Vehicle	Jan-22	Jan-21	% Chg	2022 YTD	2022 YTD	% Chg
Accent	507	1,036	-51%	507	1,036	-51%
Elantra	5,081	7,242	-30%	5,081	7,242	-30%
Ioniq	1,415	937	51%	1,415	937	51%
Ioniq 5	989	0	---	989	0	---
Kona	4,892	5,233	-7%	4,892	5,233	-7%
Nexo	28	23	22%	28	23	22%
Palisade	6,334	5,669	12%	6,334	5,669	12%
Santa Cruz	2,820	0	---	2,820	0	---
Santa Fe	7,354	8,714	-16%	7,354	8,714	-16%
Sonata	2,991	5,020	-40%	2,991	5,020	-40%
Tucson	13,085	7,980	64%	13,085	7,980	64%
Veloster	86	193	-55%	86	193	-55%
Venue	2,290	1,347	70%	2,290	1,347	70%

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 in January 2022?

Hyundai reported total sales of 47,872 units in January 2022.

How did Hyundai's sales performance compare to January 2021?

January 2022 sales increased by 10% compared to January 2021.

Which Hyundai models achieved record sales in January 2022?

Models like Venue (+70%), Tucson (+64%), Palisade (+12%), and Ioniq (+51%) set new January sales records.

Did Hyundai have any fleet sales in January 2022?

No, Hyundai did not report any fleet sales during January 2022.

What challenges did Hyundai face in achieving these sales?

Hyundai navigated challenges such as the global pandemic and microchip shortages.