Summary
– Ioniq 5 and Ioniq 6 duo sales increased by 54% year-over-year
– Hyundai Motor America reported 68,603 vehicle sales in April, down 3.1%
– Hyundai is selling more electrified vehicles with a 26% increase in volume
– Hyundai sold 4,955 electric cars in April, up 54% year-over-year
– Hyundai sold over 15,000 Ioniq 5 and Ioniq 6 models in the U.S. so far this year, up 68%
Article
### Hyundai EV Sales on the Rise
In April, Hyundai Motor America reported a 3.1% year-over-year decrease in overall vehicle sales, with a total of 68,603 units sold. However, there has been a significant increase in the sales of electrified vehicles, including EVs, PHEVs, and HEVs. The company saw a 26% year-over-year increase in the volume of electrified cars and a 31% increase in all-electric car sales. The Ioniq 5 and Ioniq 6 duo specifically noted a 54% year-over-year increase, with almost 5,000 units sold.
### Strong Start for Hyundai in 2024
Hyundai started 2024 strong with its EV sales in the U.S. showing significant growth. During the first four months of the year, the company sold over 15,000 Ioniq 5 and Ioniq 6 models, a 68% increase from the previous year. In April alone, Hyundai sold 4,955 electric cars based on its E-GMP platform, a 54% increase compared to the same month in the previous year.
### Breakdown of Hyundai BEV Sales
The numbers included 3,702 Ioniq 5s (up 59% year-over-year) and 1,253 Ioniq 6s (up 41%). Additionally, the Hyundai Kona Electric, which is grouped together with the internal combustion Kona for reporting purposes, contributed to the growth in all-electric car sales, which increased by 31% year-over-year. The total Ioniq family sales in April were 4,955, accounting for 7.2% of Hyundai’s total volume.
### Year-to-Date Sales Performance
So far in 2024, Hyundai has sold more than 15,400 Ioniq 5 and Ioniq 6 models in the U.S., marking a 68% increase from the previous year. These models now make up approximately 6.1% of the brand’s total volume. Year-to-date sales of the Hyundai Ioniq 5 and Ioniq 6 show substantial growth, with the Ioniq 6 seeing a staggering 341% increase.
### Positive Outlook Despite Challenges
While Hyundai has shown positive sales growth in the first half of 2024, the company may face challenges in sustaining this momentum in the second half of the year due to the significantly higher sales base. The official sales statistics do not account for other plug-in models, including the Santa Fe PHEV and Tucson PHEV, which are combined with conventional hybrids for reporting purposes.
### Decline in Hyundai Nexo Sales
The hydrogen fuel cell model, the Hyundai Nexo, experienced a decrease in sales, with only 13 units sold last month, marking a 19% year-over-year decline. Year-to-date sales for the Hyundai Nexo have also declined by 21% compared to the previous year, with only 64 units sold in 2024. Despite this decline, Hyundai’s overall sales performance remains strong, particularly in the electrified vehicle segment, showcasing the brand’s commitment to sustainable mobility.
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