Hyundai Motor America Reports September and Q3 2024 Sales
Rhea-AI Summary
Hyundai Motor America reported total September sales of 62,491 units, a 9% decrease compared to September 2023. However, the company achieved record-breaking Q3 total and retail sales for several models, including Tucson HEV, Santa Fe HEV, and Palisade. Notably, hybrid vehicle total sales increased by 36% in September.
In Q3 2024, Hyundai set a new record for Q3 retail sales, with total sales of 210,971 units, a 5% increase over Q3 2023. The IONIQ 5 saw a 30% increase in retail sales for Q3. Despite fewer selling days in September, Hyundai remains focused on closing the year strong and setting another all-time annual sales record.
The company also celebrated producing 100 million vehicles globally in just 57 years, signed an MOU with GM to explore collaboration, and announced various product updates and awards for models like the IONIQ 5 N and 2024 Sonata HEV
Positive
- Record-breaking Q3 total and retail sales for Tucson HEV, Santa Fe HEV, and Palisade
- Hybrid vehicle total sales increased by 36% in September
- Q3 2024 total sales of 210,971 units, a 5% increase over Q3 2023
- IONIQ 5 retail sales increased by 30% in Q3
- Achieved 100 million vehicles produced globally milestone
Negative
- Total September sales decreased by 9% compared to September 2023
- IONIQ 6 sales decreased by 64% in September and 57% in Q3 compared to 2023
- Nexo sales declined by 88% in September and 82% in Q3 compared to 2023
- Santa Cruz sales decreased by 30% in September and 20% in Q3 compared to 2023
News Market Reaction – HYMTF
On the day this news was published, HYMTF gained 0.21%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
- Hyundai sets best-ever Q3 retail sales; up
5% year-over-year - Record-breaking Q3 total and retail sales for Tucson HEV, Santa Fe HEV and Palisade
- IONIQ 5 retail sales climb; up
30% in Q3 - Hybrid total sales increase
36% in September
"We set an all-time retail sales record in the third quarter thanks to strong demand for our IONIQ 5 and hybrid models along with the hard work of our retail partners," said Randy Parker, CEO, Hyundai Motor America. "A September calendar quirk resulting in fewer selling days and Labor Day falling into the August sales month impacted the year-over-year comparison, but despite that, we still achieved a
Q3 Highlights
In the third quarter, Hyundai established a new record for Q3 retail sales. Hyundai total sales were 210,971 units, a
September Total Sales Summary
Sep-24 | Sep-23 | % | Q3 | Q3 | % | 2024 | 2023 | % | |
Hyundai | 62,491 | 68,961 | -9 % | 210,971 | 200,534 | +5 % | 610,494 | 595,147 | +2 % |
September Product and Corporate Activities
- Hyundai Motor Hits Major Milestone with 100 Million Vehicles Produced Globally: Hyundai Motor Company celebrated a significant milestone, marking 100 million units of global cumulative production. This achievement was accomplished in just 57 years since the company's foundation, making it one of the fastest in the global automotive industry.
- Hyundai and GM Sign MOU to Explore Collaboration on Vehicles, Supply Chain and Clean-Energy Technologies: Hyundai Motor Company and General Motors have signed an agreement to explore future collaboration across key strategic areas. GM and Hyundai will look for ways to leverage their complementary scale and strengths to reduce costs and bring a wider range of vehicles and technologies to customers faster.
- Hyundai Hope On Wheels Announces Global Expansion and New Initiatives to Strengthen Impact on Pediatric Cancer at Annual Gala: Hyundai Hope On Wheels, a 501(c)(3) nonprofit organization supported by Hyundai Motor America and its more than 835 U.S. dealers, celebrated its
$26 million $250 million Washington D.C. with Hyundai global leaders, members of congress, doctors, and researchers as part of Childhood Cancer Awareness Month. - Hyundai Announces U.S.-Built 2025 IONIQ 5: Hyundai announced the release of the refreshed
U.S. -Built 2025 IONIQ 5, including a rugged new IONIQ 5 XRT variant, ideal for venturing further off the beaten path. - IONIQ 5 N Sweeps Drive Revolution Awards Competition: Hyundai's thrilling, high-performance all-electric IONIQ 5 N SUV swept three highly competitive categories of the 2024 Drive Revolution competition sponsored by NWAPA.
- SAMA Names 2024 Sonata HEV Limited Named Best Hybrid: The 2024 Hyundai Sonata HEV Limited was named best in the Hybrid Electric Vehicle (HEV) category at the Southern Automotive Media Association's (SAMA) inaugural Charged Up Miami event.
- 2025 IONIQ 5 N Receives Wards 10 Best Engines & Propulsion Systems Designation: The Hyundai IONIQ 5 N has been selected to the 2024 Wards 10 Best Engines & Propulsion Systems award list. The IONIQ 5 N is powered by Hyundai's exclusive Electric-Global Modular Platform (E-GMP) that allows for dual motors, maximum interior space, and optimized performance with the added N technologies.
- Hyundai Offers IONIQ 5 N EV Customers Complimentary ChargePoint Charger or
$450 $450
Model Total Sales
Vehicles | Sep-24 | Sep-23 | % | Q3 | Q3 | % | 2024 | 2023 | % |
Elantra | 11,186 | 9,405 | +19 % | 39,329 | 32,565 | +21 % | 101,618 | 107,303 | -5 % |
Ioniq 5 | 3,336 | 3,958 | -16 % | 11,590 | 11,665 | -1 % | 30,318 | 25,306 | +20 % |
Ioniq 6 | 599 | 1,665 | -64 % | 2,185 | 5,073 | -57 % | 9,097 | 8,318 | +9 % |
Kona | 5,144 | 6,693 | -23 % | 17,969 | 18,593 | -3 % | 64,508 | 56,518 | +14 % |
Nexo | 2 | 16 | -88 % | 12 | 68 | -82 % | 89 | 173 | -49 % |
Palisade | 8,202 | 7,551 | +9 % | 28,045 | 19,410 | +44 % | 81,792 | 58,857 | +39 % |
2,125 | 3,051 | -30 % | 7,226 | 9,033 | -20 % | 25,171 | 29,083 | -13 % | |
Santa Fe | 7,918 | 12,676 | -38 % | 27,059 | 35,020 | -23 % | 83,681 | 96,162 | -13 % |
Sonata | 5,575 | 3,401 | +64 % | 17,283 | 10,007 | +73 % | 48,430 | 37,341 | +30 % |
16,802 | 18,813 | -11 % | 53,801 | 52,589 | +2 % | 145,947 | 153,180 | -5 % | |
Venue | 1,602 | 1,732 | -8 % | 6,472 | 6,510 | -1 % | 19,843 | 22,869 | -13 % |
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SOURCE Hyundai Motor America
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