Hyundai Motor America Reports September and Q3 2021 Sales

Rhea-AI Summary

Hyundai Motor America reported total sales of 53,800 units in September 2021, marking a 2% decrease compared to September 2020. This decline was less than the industry forecasted decrease of 25%. Despite this, Hyundai set new monthly sales records for several models including Palisade and Ioniq. For Q3 2021, total sales reached 178,500 units, up 4% year-over-year. Retail sales of eco-friendly vehicles surged by 348% in September. The company gained market share and anticipates continued growth in sales.

Positive

• New September sales records for models such as Palisade and Ioniq.
• Q3 total sales increased by 4% year-over-year.
• Eco-friendly vehicle sales rose by 348% in September.
• Second most market share gain in the industry year-to-date.

Negative

• Total sales in September decreased by 2% compared to the previous year.
• Retail sales dropped by 5% in September.
• Several key models like Kona and Santa Fe experienced significant declines.

FOUNTAIN VALLEY, Calif., Oct. 1, 2021 /PRNewswire/ -- Hyundai Motor America reported total September sales of 53,800 units, a 2% decrease compared with September 2020. Hyundai's monthly sales results were significantly better than industry predictions that forecasted a 25% decline in September. Hyundai also set new September total sales records for Palisade, Ioniq HEV, Kona EV and Nexo.

"Hyundai dealerships continue to do an outstanding job of working with customers during this challenging inventory environment, resulting in market share gains for the brand," said Randy Parker, senior vice president, National Sales, Hyundai Motor America. "On the year, we've gained the second most market share in the industry and we expect that trend to continue for September and Q3."

September Retail Highlights

Hyundai sold 49,439 retail units in September, a decline of 5%. Hyundai eco-friendly vehicle retail sales continued to grow substantially, increasing 348% on the month. New retail September sales records were established for Palisade, Ioniq PHEV, Kona EV and Nexo.

Q3 Highlights

In the third quarter, Hyundai sold 178,500 total (+4%) and 162,616 retail (+1%) units. Total sales gains were achieved across the lineup during the quarter, including Accent (+18%), Elantra (+20%), Ioniq (+17%), Nexo (+139%), Sonata (+15%) and Venue (+52%).

September and Q3 Total Sales Summary

	Sep-21	Sep-20	% Chg	Q3 2021	Q3 2020	% Chg	2021 YTD	2020 YTD	% Chg
Hyundai	53,800	54,790	-2%	178,500	170,828	4%	585,635	443,425	32%

September Product and Corporate Activities

• Hyundai Motor Company Carbon Neutrality: At IAA Mobility 2021, Hyundai Motor Company announced its commitment to become carbon neutral by 2045
• Hydrogen Wave: Hyundai Motor Group unveiled its plans to popularize hydrogen by 2040 through the introduction of new technologies and mobility solutions in transportation and other industrial sectors
• Santa Fe IIHS TSP+: The 2022 Santa Fe was awarded a TOP SAFETY PICK+ (TSP+) designation from the Insurance Institute for Highway Safety (IIHS)
• Child Passenger Safety: Hyundai partnered with Children's Hospital LA to host car seat safety inspections and child passenger safety educator workshops to help save lives while promoting safe travel in automobiles
• Tucson Car Seat Report Card: The 2022 Tucson Hybrid received a perfect score from Cars.com in their annual Car Seat Fit Report Card
• Santa Cruz Award: The 2022 Santa Cruz Sport Adventure Vehicle won the 2021 best pickup truck award from the Northwest Automotive Press Association
• Hyundai Journeys: Hyundai partnered with portrait photographer, Annie Leibovitz, on a marketing campaign that brings to life the stories of Hyundai owners and employees
• Racing Sweep: Hyundai and Bryan Herta Autosport swept the podium at the Hyundai Monterey Sport Car Championship

Model Total Sales

Vehicle	Sep-21	Sep-20	% Chg	Q3 2021	Q3 2020	% Chg	2021 YTD	2020 YTD	%Chg
Accent	1,813	1,348	34%	4,732	4,021	18%	14,836	12,315	20%
Elantra	8,004	8,235	-3%	32,049	26,653	20%	106,106	75,103	41%
Ioniq	1,770	1,096	61%	4,449	3,801	17%	15,556	9,239	68%
Kona	5,774	6,971	-17%	19,932	22,046	-10%	70,928	52,813	34%
Nexo	52	21	148%	148	62	139%	282	138	104%
Palisade	7,962	7,741	3%	21,172	24,128	-12%	64,673	60,583	7%
Santa Cruz	1,660	0	---	2,993	0	---	2,993	0	---
Santa Fe	6,573	8,566	-23%	26,546	26,991	-2%	89,656	70,420	27%
Sonata	7,326	8,038	-9%	26,262	22,837	15%	80,460	53,126	51%
Tucson	9,896	10,644	-7%	32,530	33,198	-2%	116,047	91,139	27%
Veloster	93	601	-85%	379	2,298	-84%	1,740	6,585	-74%
Venue	2,877	1,529	88%	7,308	4,793	52%	22,358	11,964	87%

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 in September 2021?

Hyundai reported total sales of 53,800 units in September 2021.

How did Hyundai's September sales compare to September 2020?

September 2021 sales decreased by 2% compared to September 2020.

What is the percentage increase in Hyundai's eco-friendly vehicle sales in September 2021?

Eco-friendly vehicle sales increased by 348% in September 2021.

How many total units did Hyundai sell in Q3 2021?

Hyundai sold a total of 178,500 units in Q3 2021.

What market share position did Hyundai gain in the industry?

Hyundai gained the second most market share in the industry year-to-date.