Hyundai Motor America has announced its February sales figures, showcasing resilience in the face of market challenges. Despite concerns over rising interest rates impacting new car sales, Hyundai reported a total of 60,341 vehicle sales for the month, reflecting a 6% increase compared to the same period last year. This positive momentum has brought the company’s year-to-date sales to 107,884, although this figure represents a slight decline of 1.1% year-over-year.
One of the standout performances for Hyundai in February was its all-electric car sales, indicating a potentially promising year ahead for the brand in the U.S. Market. Hyundai saw significant growth in its electric vehicle (EV) sales, particularly on its E-GMP platform, which recorded a 40% increase compared to the previous year. E-GMP BEVs now account for 4.8% of Hyundai’s total volume, up from 3.6% a year ago.
See also: Hyundai N Eyes Affordable EV, but Challenges Remain
The impressive sales figures for Hyundai’s electric vehicles include 1,993 units of the Ioniq 5, despite a 4% decline year-over-year. Additionally, 902 units of the newly introduced Ioniq 6 were sold, along with three Ioniq 5 Robotaxis. These Robotaxi vehicles, rated at Level 4 on the SAE autonomy scale, are likely intended for Motional’s commercial service in Las Vegas.
The Hyundai Kona Electric, while contributing to the brand’s EV sales, is not reported separately as it is counted together with the internal combustion Kona.
See also: Hyundai Moves Up Production Start to Q4 2024 at Georgia Electric Car Plant
Year-to-date, Hyundai has sold over 5,000 units of the Ioniq 5 and Ioniq 6 in the U.S., marking a 41% increase compared to the same period last year. These models now represent about 4.7% of the brand’s total volume.
In contrast, the hydrogen fuel cell model Hyundai Nexo saw a decline in sales, with only 11 units sold last month, down 61% year-over-year. Year-to-date, only 34 units have been sold, down 23% from last year.
