Hyundai set a brand new third-quarter retail gross sales document within the US, partially pushed by “robust demand” for the all-electric IONIQ 5. The IONIQ 5 stays one of many best-selling EVs, with over 30,000 fashions bought in 2024.
Hyundai IONIQ 5 gross sales attain 30,000 mark in Q3 2024
“We set an all-time retail gross sales document within the third quarter due to robust demand for our IONIQ 5 and hybrid fashions,” in response to Hyundai Motor America’s CEO Randy Parker.
Hyundai set a brand new Q3 retail gross sales document final quarter. Complete automobile gross sales reached almost 211,000, up 5% from Q3 2023.
After promoting one other 11,590 IONIQ 5 fashions in Q3, Hyundai’s electrical SUV crossed the 30,000 gross sales mark in 2024. The IONIQ 5 stays one of many best-selling EVs within the US, with 30,318 fashions bought by means of the primary 9 months of the 12 months, a rise of 20% from 2023.
Hyundai IONIQ 6 gross sales are additionally up 9% year-to-date (YTD) regardless of slipping 57% in Q3 with solely 2,185 items bought.
The gross sales development comes regardless of Hyundai unveiling the up to date 2025 IONIQ 5, which would be the first automobile constructed at its new Georgia EV plant opening this month. The brand new IONIQ 5 options extra vary, a rugged new XRT trim, and a Tesla NACS port.
Hyundai stated the US-built IONIQ 5 will initially qualify for a partial $3,750 tax credit score, however as soon as the battery portion opens, it’s anticipated to be eligible for the total $7,500.
Hyundai’s sister firm, Kia, can also be seeing robust demand within the US as its new three-row EV9 SUV rolls out.
Later this 12 months, Hyundai will introduce its first three-row electrical SUV, the IONIQ 9. With US manufacturing kicking off and new fashions coming, Hyundai is poised to hold the momentum into 2025.
Electrek’s Take
Will Hyundai Motor Group (together with Kia) preserve its lead after topping Ford and GM within the US in Q2 to turn into the second-best-selling EV model within the US behind Tesla?
In accordance with gross sales knowledge from CNBC, GM bought almost 21,000 EVs within the US in July and August. With new fashions rolling out, just like the Chevy Blazer, Equinox, and Silverado EVs, GM expects to construct momentum into the top of 2024.
Will probably be a good race for second place within the US EV market this 12 months. Verify again for more information quickly, as Ford and GM report Q3 gross sales this week.
With the up to date IONIQ 5 on its approach, Hyundai is providing large reductions (as much as $14,000 off) on the present mannequin. You need to use our hyperlink to view offers on Hyundai’s electrical SUV in your space.
