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Hyundai Motor America Reports January 2024 Sales

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Hyundai Motor America reported total January sales of 47,543 units, a 9% decrease compared with January 2023. Hyundai set total sales records in January for Santa Fe PHEV (+273%) and Tucson PHEV (+927%), Palisade (+14%), Kona (+14%) and Kona EV (+37%). Hyundai’s electric vehicle sales grew 42%, while battery-electric and plug-in hybrid models saw a year-over-year increase of 77%.

“Coming off a record-breaking 2023, January was a difficult month with economic challenges and interest rates making it a tough retail environment,” said Randy Parker, CEO of Hyundai Motor America. “There were bright spots with sales of electric vehicles and plug-in hybrid achieving substantial year-over-year growth, and our all-new Sante Fe starting to arrive at dealerships.”

January Total Sales Summary

 
Jan-24
Jan-23
% Chg
2024 YTD
2023 YTD
% Chg
Hyundai 47,543 52,001 -9% 47,543 52,001 -9%

January Product and Corporate Activities
Model Total Sales
Vehicles
Jan-24
Jan-23
% Chg
2024 YTD
2023 YTD
% Chg
Elantra 6,900 8,655 -20% 6,900 8,655 -20%
Ioniq 5 1,465 1,548 -5% 1,465 1,548 -5%
Ioniq 6 760 0 0% 760 0 0%
Kona 6,577 5,826 +13% 6,577 5,826 +13%
Nexo 23 16 +44% 23 16 +44%
Palisade 7,638 6,684 +14% 7,638 6,684 +14%
Santa Cruz 2,487 2,614 -5% 2,487 2,614 -5%
Santa Fe 6,021 7,297 -17% 6,021 7,297 -17%
Sonata 3,121 4,873 -36% 3,121 4,873 -36%
Tucson 11,116 12,028 -8% 11,116 12,028 -8%
Venue 1,435 2,441 -41% 1,435 2,441 -41%

 

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