STOCK TITAN

Hyundai Motor America Reports Record September and Q3 2022 Retail Sales

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Hyundai Motor America reported a record for total Q3 sales with 184,431 units, a 3% increase from Q3 2021. September sales reached 59,465 units, an 11% year-over-year rise, marking the best-ever September sales. SUVs comprised 68% of retail sales, showing a 1.4 percentage point growth year-on-year. Hyundai did not engage in fleet sales for nine consecutive months, prioritizing dealer inventory. Notable best-sellers included Elantra HEV, IONIQ 5, Santa Cruz, Santa Fe PHEV, and Tucson PHEV.

Positive
  • Q3 total sales of 184,431 units increased 3% year-over-year.
  • September sales reached 59,465 units, up 11% from the previous year.
  • Record sales for Elantra HEV, IONIQ 5, Santa Cruz, Santa Fe PHEV, and Tucson PHEV.
  • SUVs represented 68% of retail sales, a 1.4 percentage point increase.
Negative
  • Year-to-date sales are down 10% compared to 2021, with only 528,298 vehicles sold.
  • Q3 Total Sales Increased 3%; Hyundai Sets New All-Time Q3 Retail Sales Record
  • September Total Sales up 11%; Best September Retail Sales
  • Best-Ever Q3 Total and Retail Sales for Elantra HEV, IONIQ 5, Santa Cruz, Santa Fe PHEV and Tucson PHEV 

FOUNTAIN VALLEY, Calif., Oct. 3, 2022  /PRNewswire/ -- Hyundai Motor America reported total September sales of 59,465 units, up 11% compared with September 2021. Total and retail sales for Elantra HEV, IONIQ 5, Santa Cruz, Santa Fe HEV, Tucson, Tucson PHEV and Veloster N were the best-ever for September. SUVs were 68% of retail sales, representing a 1.4ppt increase year-over-year. Hyundai did not have fleet sales for the ninth consecutive month, prioritizing inventory for its dealers and consumers.

Q3 Highlights
In the third quarter, Hyundai sold 184,431 units, a Q3 retail sales record, and an increase of 3% total and 13% retail sales compared with Q3 2021. Hyundai also set new Q3 total and retail sales records for Elantra HEV, IONIQ 5, Santa Cruz, Santa Fe PHEV and Tucson PHEV.

"This is the best-ever September and Q3 retail sales result for the brand," said Randy Parker, CEO, Hyundai Motor America. "We are seeing month-over-month gains thanks in part to our strong product line-up and dealer network with plenty of cars in the pipeline for the remainder of the year."

September Total Sales Summary


Sep-22

Sep-21

% Chg

Q3
2022

Q3
2021

% Chg

2022
YTD

2021
YTD

% Chg

Hyundai

59,465

53,800

+11 %

184,431

178,500

+3 %

528,298

585,635

-10 %

September Product and Corporate Activities

  • Wards 10 Best Engines & Propulsion Systems: The powertrain on Hyundai's all-electric IONIQ 5 was named one of the 2022 Wards 10 Best Engines & Propulsion Systems.
  • Strategic Vision 2022 Total Quality Awards: The 2022 Elantra HybridIONIQ 5 and Santa Cruz have been named Best-in-Segment in Strategic Vision's 2022 Total Quality Impact™ (TQI) report.
  • Hyundai Hope On Wheels 2022 Grant Award Winners: Hyundai Hope On Wheels, a 501(c)(3) nonprofit organization supported by Hyundai Motor America and its more than 820 U.S. dealers, today announced the 2022 winners of its annual research and programmatic grants totaling $15 million.

Model Total Sales

Vehicles

Sep-22

Sep-21

% Chg

Q3
2022

Q3
2021

% Chg

2022
YTD

2021
YTD

% Chg

Accent

1,785

1,813

-2 %

7,869

4,732

+66 %

15,299

14,836

+3 %

Elantra

10,761

8,004

+34 %

37,020

32,049

+16 %

85,864

106,106

-19 %

Ioniq

0

1,770

0 %

7

4,449

-100 %

3,669

15,556

-76 %

Ioniq 5

1,306

0

0 %

4,800

0

0 %

18,492

0

0 %

Kona

5,252

5,774

-9 %

12,893

19,932

-35 %

45,680

70,928

-36 %

Nexo

27

52

-48 %

74

148

-50 %

345

282

+22 %

Palisade

6,778

7,962

-15 %

20,119

21,172

-5 %

63,756

64,673

-1 %

Santa Cruz

2,900

1,660

+75 %

8,600

2,993

+187 %

26,803

2,993

+796 %

Santa Fe

9,192

6,573

+40 %

28,234

26,546

+6 %

86,129

89,656

-4 %

Sonata

6,177

7,326

-16 %

15,643

26,262

-40 %

35,238

80,460

-56 %

Tucson

12,971

9,896

+31 %

41,554

32,530

+28 %

125,625

116,047

+8 %

Veloster

209

93

+125 %

664

379

+75 %

1,793

1,740

+3 %

Venue

2,107

2,877

-27 %

6,954

7,308

-5 %

19,605

22,358

-12 %

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

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/hyundai-motor-america-reports-record-september-and-q3-2022-retail-sales-301638600.html

SOURCE Hyundai Motor America

FAQ

What were Hyundai Motor America's total sales for Q3 2022?

Hyundai Motor America reported total Q3 sales of 184,431 units, a 3% increase from Q3 2021.

How did Hyundai's September 2022 sales perform compared to September 2021?

In September 2022, Hyundai's sales totaled 59,465 units, an 11% increase compared to September 2021.

Which Hyundai models saw record sales in September 2022?

Record sales were achieved for models including Elantra HEV, IONIQ 5, Santa Cruz, Santa Fe PHEV, and Tucson PHEV.

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

SUVs accounted for 68% of Hyundai's retail sales in September 2022.

What trend was observed in Hyundai's year-to-date sales for 2022?

Hyundai's year-to-date sales were down 10% compared to 2021.

HYUNDAI MOTOR REG S

OTC:HYMTF

HYMTF Rankings

HYMTF Latest News

HYMTF Stock Data

35.32B
43.85M
0.13%
Auto Manufacturers
Consumer Cyclical
Link
United States of America
Seoul