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Hyundai Motor America Reports Record November 2022 Sales

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Hyundai Motor America reported record total sales for November 2022, with a 43% increase year-over-year, totaling 63,305 units. Retail sales also surged by 28% to 56,592 units, driven by a remarkable performance in eco-friendly vehicles, which saw a 39% increase. Record sales were noted for models including Elantra HEV, Santa Fe HEV, Tucson HEV, and Kona EV. Despite challenges, Hyundai's performance in the Tucson and Santa Fe brands remains strong, with expectations to conclude the year positively.

Positive
  • November total sales increased 43% year-over-year, totaling 63,305 units.
  • Record retail sales of 56,592 units, a 28% increase from November 2021.
  • Eco-friendly vehicle sales rose 39%, accounting for 13% of retail sales.
  • Significant year-over-year sales increases for Elantra HEV (733%), Kona EV (113%), and Santa Fe HEV (43%).
Negative
  • Year-to-date sales decreased by 5% compared to 2021.
  • Accent sales dropped by 36% year-over-year.
  • Ioniq and Ioniq 5 experienced a 100% and 0% change respectively, indicating sales stagnation.
  • Palisade sales fell by 9% year-over-year.
  • Best-Ever November Total and Retail Sales
  • November Total Sales Increased 43%; Retail Sales Up 28%
  • Green Vehicle Sales up 39%; November Records for Elantra HEV, Santa Fe HEV, Tucson HEV and Kona EV

FOUNTAIN VALLEY, Calif., Dec. 1, 2022 /PRNewswire/ -- Hyundai Motor America reported total November sales of 63,305 units, a 43% increase compared with November 2021. Hyundai set total records in November for Elantra HEV, Santa Fe, Santa Fe HEV, Tucson, Tucson HEV, Kona EV and Santa Cruz. Hyundai fleet sales remained at 1.4% of total volume for the year.

"This was a terrific November for sales and especially our line-up of eco-friendly vehicles," said Randy Parker, CEO, Hyundai Motor America. "Despite economic headwinds, we were still able to record an all-time retail and total sales record in November. Overall sales, specifically the Tucson and Santa Fe brands, continue to perform well and I'm excited to see how we finish the year."

November Total Sales Summary


Nov-22

Nov-21

% Chg

2022 YTD

2021 YTD

% Chg

Hyundai

63,305

44,345

+43 %

652,207

686,741

-5 %

November Retail Highlights

Hyundai's retail sales of 56,592 units represented a 28% year-over-year increase from November 2021. This was a record November retail sales month led by Elantra HEV (+733%), Kona EV (+113%), Venue (+57%), Santa Cruz (+44%), Santa Fe HEV (+43%), Tucson (+33%) and Tucson HEV (+18%). Hyundai eco-friendly vehicle sales of 7,550 represented 13% of retail and a 39% year-over-year increase.

November Product and Corporate Activities

November Model Total Sales

Vehicles

Nov-22

Nov-21

% Chg

2022 YTD

2021 YTD

% Chg

Accent

687

1,071

-36 %

17,669

18,770

-6 %

Elantra

11,040

4,676

+136 %

105,434

119,229

-12 %

Ioniq

2

1,347

-100 %

3,672

18,524

-80 %

Ioniq 5

1,191

0

0 %

21,262

0

0 %

Kona

5,562

5,402

+3 %

57,022

84,770

-33 %

Nexo

8

48

-83 %

383

393

-3 %

Palisade

5,763

6,314

-9 %

75,294

79,657

-5 %

Santa Cruz

3,180

2,201

+44 %

32,993

7,042

+369 %

Santa Fe

10,955

6,677

+64 %

107,890

103,373

+4 %

Sonata

6,216

3,607

+72 %

48,250

89,628

-46 %

Tucson

16,059

11,325

+42 %

156,750

137,107

+14 %

Veloster

25

83

-70 %

1,901

2,041

-7 %

Venue

2,617

1,594

+64 %

23,687

26,207

-10 %

Note: Green 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

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/hyundai-motor-america-reports-record-november-2022-sales-301691442.html

SOURCE Hyundai Motor America

FAQ

What were Hyundai's total sales for November 2022?

Hyundai's total sales for November 2022 reached 63,305 units, marking a 43% increase compared to November 2021.

How much did Hyundai's retail sales increase in November 2022?

Hyundai's retail sales increased by 28% year-over-year, achieving 56,592 units in November 2022.

What were the key highlights in Hyundai's eco-friendly vehicle sales for November 2022?

Eco-friendly vehicle sales increased by 39% in November 2022, with notable sales for Elantra HEV, Kona EV, and Santa Fe HEV.

What challenges did Hyundai face despite record sales in November 2022?

Despite record sales, Hyundai faced a 5% decline in year-to-date sales compared to the previous year.

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