AUTO

Hyundai’s IONIQ 5 and IONIQ 6 Set New U.S. EV Sales Records in Q2

July 2, 2024

Hyundai EV sales grew 15% and HEV sales increased 42% in Q2.
The IONIQ 5 sales rose 17% in June, leading to a 51% increase in Q2 sales year-over-year. The IONIQ 6 achieved an 8% increase in Q2 sales.
Hyundai’s hybrid sales surged 39% in June, with overall green sales making up 26% of retail.

Recent sales figures highlight Hyundai’s success. The Hyundai IONIQ 5 saw an impressive 17% increase in June 2024, contributing to a staggering 51% rise in Q2 sales compared to the previous year. Meanwhile, the IONIQ 6 set a new sales record with an 8% increase in Q2 sales year-over-year.

This June, Hyundai had a mix of dips and surges. The company reported total sales of 67,631 units, marking a slight 2.5% decrease compared to June 2023. While this might sound like a setback, the devil is in the details.

IONIQ 5 and Santa Fe HEV Lead Surge, Palisade Soars by 57%

Hyundai Kona EV, IONIQ 5, IONIQ 6 at Electrify Expo Long Beach — _{Hyundai booth featuring IONIQ 5 N, Kona Electric, IONIQ 5, and IONIQ 6 at Electrify Expo.}

The Elantra HEV (Hybrid Electric Vehicle) saw a modest 1% rise, while the Elantra N surged by 19%. But the real stars of the show were the Hyundai IONIQ 5 and the Santa Fe HEV, boasting impressive increases of 17% and a staggering 90%, respectively. The Tucson HEV followed suit with a 28% rise, and Palisade sales rocketed up by 57%.

Hyundai’s Q2 Sales Surge and Green Technology Success

Randy Parker, CEO of Hyundai Motor America, aptly encapsulated this journey: “Once again in the face of yet another industry crisis, the Hyundai dealers showed their resiliency by closing Q2 with a 2.2% increase in total sales, resulting in a 1.2% increase for the first half of the year.”

Hyundai IONIQ 5 N at Electrify Expo Long Beach interior — _{Interior of Hyundai IONIQ 5 N at Electrify Expo.}

Hyundai’s commitment to green technology stands out. The company’s hybrid sales soared by 39% in June, and Green sales accounted for 26% of retail, a testament to their dedication to sustainable mobility. The Q2 results further highlight this trend, with HEV sales up by 42% and pure EV sales climbing 15%.

Milestones and Achievements

The Hyundai Motor Group Metaplant America announced that the 2025 Hyundai IONIQ 5 would be its first production vehicle. Moreover, awards from J.D. Power and WardsAuto highlight Hyundai’s commitment to quality and innovation. The Hyundai Santa Cruz was ranked top in its segment in the J.D. Power 2024 U.S.

Electrify Expo Long Beach 2024 Hyundai Ioniq 5 test drive

Closeup of Hyundai IONIQ 5 rear LED taillights at Electrify Expo Long Beach

Initial Quality Study, while the brand finished third among mass-market automakers. The MyHyundai with Bluelink app clinched the top spot among mass-market automakers’ EV mobile applications, reflecting Hyundai’s expertise and ability to seamlessly integrate technology with user experience.

Hyundai’s Motorsports Triumphs

The IONIQ 5 N set records at the Pikes Peak International Hill Climb with a 10:49.267 time, while the Hyundai Elantra N TCR celebrated a fourth consecutive victory at the Nürburgring 24 Hours. These victories are proof of Hyundai’s engineering excellence and competitive spirit. For Hyundai fans and car enthusiasts alike, these achievements are a source of immense pride.

Community and Corporate Responsibility

Beyond sales and racing, Hyundai’s commitment to community and corporate responsibility shines through. Their partnership with Ann & Robert H. Lurie Children’s Hospital of Chicago for a child safety seat check event highlights their dedication to family safety and well-being. Such initiatives resonate deeply, showcasing Hyundai’s human side and reinforcing their role as a responsible corporate citizen.