June was a difficult month for Hyundai Motor America, as its whole U.S. gross sales decreased by 2.5% year-over-year to 67,631. Nonetheless, its all-electric automobile gross sales continued to extend, with the Ioniq 5 setting a brand new quarterly report.
Final month, Hyundai bought 4,669 electrical automobiles primarily based on its E-GMP platform within the U.S., virtually 9% greater than a yr in the past. That is about 6.9% of the model’s whole quantity.
25,000 Hyundai Ioniq 5 and Ioniq 6 gross sales in H1 2024
Hyundai noticeably elevated gross sales of the Ioniq 5 and Ioniq 6 within the U.S. The whole quantity of the E-GMP-based fashions exceeded 25,000 and was greater than 50% increased than a yr in the past.
This determine consists of 3,755 Ioniq 5s (up 20% year-over-year) and 914 Ioniq 6s (down 21%). The South Korean producer doesn’t report the Hyundai Kona Electrical gross sales, that are counted along with the interior combustion Kona. It is usually unclear what number of performance-focused Ioniq 5 Ns had been bought, because the automaker would not break these gross sales out individually.
In latest months, Hyundai has promoted aggressive lease offers on the Ioniq 5 and Ioniq 6, making the 2 EVs among the most reasonably priced automobiles to acquire proper now—agnostic of their powertrain. This was executed partly as a result of Hyundai’s EVs are overlooked of the tax credit score system as a result of they’re made in America, however that credit score nonetheless applies when the automobiles are leased. Later this yr, the up to date 2025 Hyundai Ioniq 5 will probably be constructed within the U.S., which ought to qualify it for the total $7,500 tax credit score.
Nonetheless, the Ioniq 6’s decline—regardless of the automobile getting stellar opinions—proves that the U.S. continues to be an SUV and truck market, and never a sedan market.
Hyundai BEV gross sales final month (YOY change):
- Hyundai Ioniq 5: 3,755 (up 20%)
- Hyundai Ioniq 6: 914 (down 21%)
- Hyundai Kona Electrical: N/A
- Complete Ioniq household: 4,669 (up 9%) and 6.9% share
Through the second quarter of 2024, Hyundai bought 15,172 Ioniq 5s and Ioniq 6s automobiles within the U.S., 39% greater than a yr in the past. Q2 was particularly good for the Ioniq 5, which set a brand new quarterly report of 11,906 (up 51% year-over-year.)
To date this yr, 25,640 Hyundai Ioniq 5s and Ioniq 6s have been bought within the U.S., up 52% yr over yr and representing about 6.4% of the model’s whole quantity.
The corporate says the entire EV gross sales within the yr’s first half elevated by 33% however doesn’t present a precise quantity. Once more, the Hyundai Kona Electrical’s gross sales quantity additionally stays unknown.
Hyundai BEV gross sales year-to-date (YOY change):
- Hyundai Ioniq 5: 18,728 (up 37%)
- Hyundai Ioniq 6: 6,912 (up 113%)
- Hyundai Kona Electrical: N/A
- Complete Ioniq household: 25,640 (up 52%) and 6.4% share
For reference, throughout the full calendar yr of 2023, the entire gross sales of the Hyundai Ioniq 5 and Ioniq 6 amounted to 46,917, representing about 5.9% of the automaker’s whole quantity.
Because of the decrease base in H1 2023, reaching a strong progress charge within the first half of the yr was comparatively simple. The brand new problem will probably be to beat the second half of 2023, which resulted in over 30,000 Ioniq 5 and Ioniq 6 gross sales.
Sadly, the official stats don’t embrace the gross sales outcomes of different plug-in fashions just like the Santa Fe PHEV and Tucson PHEV, as they’re counted along with standard or non-rechargeable hybrids.
The hydrogen gasoline cell mannequin, the Hyundai Nexo, bought simply seven models final month, down 13% year-over-year. Solely 77 have been bought in 2024, down 27% from final yr.
