Hyundai Motor Firm’s (Hyundai and Genesis manufacturers) international automobile gross sales in Could 2024 amounted to 356,223, up 1.9% year-over-year. Throughout the first 5 months of the 12 months, the corporate offered 1,709,463 autos, up 0.2% in comparison with a 12 months in the past.
Sadly for the South Korean producer, its EV gross sales slowdown was extended as Could was the seventh consecutive month of year-over-year decline.
The primary half of the 12 months may be tough
In 2023, Hyundai Motor’s international plug-in automotive gross sales exceeded 300,000, rising by 29% in comparison with 2022. Up to now this 12 months, plug-in gross sales quantity decreased by virtually a 3rd.
Final month, Hyundai and Genesis plug-in automobiles’ mixed wholesale shipments, that are intently associated to manufacturing, amounted to *22,740, down 20% year-over-year.
We estimate that the quantity represents about 6.4% of the automaker’s complete gross sales quantity in comparison with 8.1% a 12 months in the past.
*Retail gross sales in South Korea and abroad gross sales are primarily based on wholesales on the producer stage and are unaudited and preliminary.
The wholesale quantity of all-electric automobiles decreased by 20% to 18,830, together with 18,097 Hyundai, down 16% 12 months over 12 months, and 733 Genesis, down 62% 12 months over 12 months.
The corporate reviews that its international all-electric automotive gross sales exceeded 17,000, so it was barely decrease than the wholesales.
In the meantime, plug-in hybrid automotive quantity amounted to three,910, down 20% 12 months over 12 months. Hydrogen gas cell gross sales have been down for 14 straight months.
Wholesale plug-in automotive gross sales final month (YOY change):
- BEVs: 18,830 (down 20%) and 5.3% share
Hyundai BEVs: 18,097 (down 16%)
Genesis BEVs: 733 (down 62%) - PHEVs (Hyundai): 3,910 (down 20%) and 1.1% share
- Whole plug-ins: 22,740 (down 20%) and 6.4% share
- FCVs (Hyundai): 316 (down 26%) and 0.1% share
Up to now this 12 months, the plug-in electrical automotive wholesale shipments amounted to 100,761, down 29% year-over-year.
Wholesale plug-in automotive gross sales year-to-date (YOY change):
- BEVs: 84,634 (down 29%) and 5% share
Hyundai BEVs: 80,549 (down 26%)
Genesis BEVs: 4,085 (down 59%) - PHEVs (Hyundai): 16,127 (down 29%) and 0.9% share
- Whole plug-ins: 100,761 (down 29%) and 5.9% share
- FCVs (Hyundai): 1,178 (down 58%) and 0.1% share
For reference, in 2023, plug-in electrical automotive wholesale shipments exceeded 309,000 (up 29% year-over-year), which was about 7.4% of the entire quantity. All-electric automotive quantity virtually reached 260,000, up 33% year-over-year, accounting for six.2% of the entire quantity.
Issues look totally different within the U.S., the place Hyundai sells extra all-electric automobiles than it did a 12 months in the past.
Hyundai model
In Could, wholesale shipments of the E-GMP-based fashions, together with the Hyundai Ioniq 5, performance-oriented Hyundai Ioniq 5 N, Hyundai Ioniq 6 and Genesis GV60, decreased by 22% 12 months over 12 months to 13,980. That is the ninth month of year-over-year decline in a row.
The highest three all-electric fashions within the lineup are the Ioniq 5, Kona Electrical and the Ioniq 6.
An attention-grabbing factor is that, for the very first time, we seen the all-new Hyundai Casper EV (also referred to as Inster) within the stats. Three items had been exported from South Korea in Could—probably for demonstration or check functions.
Listed below are the highest fashions ranked by wholesale shipments final month and YTD (YOY change):
- E-GMP BEVs: 13,980 (down 22%) and 58,941 YTD (down 30%)
- Hyundai Ioniq 5: 9,586 (down 19%) and 42,245 YTD (down 15%)
- Hyundai Kona Electrical: 4,512 (down 7%) and 23,553 YTD (down 25%)
- Hyundai Ioniq 6: 3,669 (down 24%) and 10,613 YTD (down 62%)
The hydrogen gas cell mannequin, Hyundai Nexo, offered 316 items final month, down 26% 12 months over 12 months. Up to now this 12 months, gross sales have decreased by 58% 12 months over 12 months to 1,178.
Genesis model
The electrification of the Genesis model continued to disappoint. The wholesale shipments in Could amounted to 733 items, down 62% year-over-year. The model’s complete year-to-date is simply over 4,000 items, down 59% year-over-year.
