South Korean automaker Hyundai enjoyed impressive sales figures for June 2023, with a surge in demand for their battery electric vehicles in the US.
Hyundai Motor America’s June and Q2 2023 Sales Report indicated a total of 69,351 vehicle sales in the country in the sixth month of 2023, representing a remarkable 10% year-over-year increase. In addition, Hyundai’s year-to-date sales of 394,613 vehicles signify a substantial 15% YoY growth.
| June Total Sales Summary | Jun- 23 | Jun- 22 | % Chg | Q2 2023 | Q2 2022 | % Chg | 2023 YTD | 2022 YTD | % Chg |
| Hyundai | 69,351 | 63,091 | +10% | 210,164 | 184,191 | +14% | 394,613 | 343,867 | +15% |
Remarkably, the award-winning E-GMP-based Ioniq 5 and Ioniq 6 both had record-setting sales results in June 2023.
For reference, the Ioniq family also had impressive May results of a 78% YoY increase to 3,417 units.
Hyundai Ioniq family set new record highs in June 2023
The Hyundai Ioniq 5 and Ioniq 6 reached a combined sales figure of 4,298 units in June. This achievement marks a remarkable 51% increase compared to the same period last year and sets a new monthly sales record.
Additionally, these two electric models accounted for 6.2% of Hyundai’s total sales volume.
| Models | Sales | YoY Changes | Share |
| Hyundai Ioniq 5 | 3,136 | up 10% | – |
| Hyundai Ioniq 6 | 1,162 | (new) | – |
| Hyundai Kona Electric | N/A | N/A | – |
| Total Ioniq family | 4,298 | up 51% | 6.2% |
As you can see in the table above, the electric crossover/SUV Ioniq 5 achieved an impressive 3,136 unit sales in June. Meanwhile, the electric sedan Ioniq 6 reached a notable 1,162-unit sales.
It is worth noting that the brand achieved these outstanding sales figures despite the models not being eligible for the $7,500 federal tax credit for new purchases under the Inflation Reduction Act.
On the other hand, no specific sales data regarding the new Hyundai Kona Electric are available apart from a remarkable 239% YoY increase in June.
“Our award-winning EV lineup continues to build momentum with the best all-time monthly sales for the IONIQ 5 and the first time with over a thousand units sold for the IONIQ 6. Our strong retail partners and the right product at the right time have enabled us to attract new and existing customers to the Hyundai brand.”
Randy Parker, Hyundai Motor America CEO
Hyundai Ioniq 5/Ioniq 6 sales in the US – YTD
The second quarter proved to be a robust period for Hyundai’s E-GMP-based BEV sales, as the company recorded 10,928 units sold, representing a substantial 47% YoY increase.
Year-to-date, Hyundai has sold over 16,800 units of the Ioniq 5 and Ioniq 6 in the US, reflecting a solid YoY sales growth of 23%.
Below are Hyundai’s BEV sales YTD in 2023:
| Models | Sales | YoY Changes | Share |
| Hyundai Ioniq 5 | 13,641 | down 0.4% | – |
| Hyundai Ioniq 6 | 3,245 | (new) | – |
| Hyundai Kona Electric | N/A | N/A | – |
| Total Ioniq family | 16,886 | up 23% | 4.3% |
In retrospect, the brand only sold 22,982 Hyundai Ioniq 5 units in FY 2022, accounting for 3.2% of the brand’s total volume.
It is also important to note that the brand’s official sales statistics exclude other all-electric or plug-in hybrid models’ results, as it presented combined sales figures with conventional or non-rechargeable hybrids. Refer to the table below:
| Model Total Sales | Jun- 23 | Jun- 22 | % Chg | Q2 2023 | Q2 2022 | % Chg | 2023 YTD | 2022 YTD | % Chg |
| Accent | 0 | 2,088 | 0% | 0 | 4,733 | 0% | 30 | 7,430 | -100% |
| Elantra | 13,424 | 8,372 | +60% | 42,265 | 26,772 | +58% | 74,738 | 48,844 | +53% |
| Ioniq | 0 | 0 | 0% | 0 | 118 | 0% | 0 | 3,662 | 0% |
| Ioniq 5 | 3,136 | 2,853 | +10% | 7,905 | 7,448 | +6% | 13,641 | 13,692 | -0% |
| Ioniq 6 | 1,162 | 0 | 0% | 3,023 | 0 | 0% | 3,245 | 0 | 0% |
| Kona | 6,261 | 6,101 | +3% | 18,705 | 17,251 | +8% | 37,925 | 32,787 | +16% |
| Nexo | 8 | 49 | -84% | 40 | 105 | -62% | 105 | 271 | -61% |
| Palisade | 5,873 | 6,866 | -14% | 19,845 | 22,612 | -12% | 39,447 | 43,637 | -10% |
| Santa Cruz | 3,627 | 3,502 | +4% | 10,743 | 9,803 | +10% | 20,050 | 18,203 | +10% |
| Santa Fe | 11,624 | 10,691 | +9% | 32,616 | 32,313 | +1% | 61,142 | 57,895 | +6% |
| Sonata | 3,834 | 4,736 | -19% | 12,844 | 11,851 | +8% | 27,334 | 19,595 | +39% |
| Tucson | 17,707 | 15,648 | +13% | 54,421 | 44,416 | +23% | 100,591 | 84,071 | +20% |
| Veloster | 0 | 197 | 0% | 1 | 667 | -100% | 6 | 1,129 | -99% |
| Venue | 2,695 | 1,988 | +36% | 7,756 | 6,102 | +27% | 16,359 | 12,651 | +29% |
See Also:
- Hyundai raises EV sales target to 2 million by 2030
- Hyundai IONIQ 6 named “2023 EV of the Year” by Car and Driver
- UK advertising watchdog takes action against Toyota and Hyundai for misleading EV ads
- Hyundai Motor Group’s next-gen EV drives up to 800 km between charges
- Hyundai BEV sales grew 78% YoY in May 2023 in the US
As the automotive industry continues to shift towards sustainable and eco-friendly solutions, Hyundai’s impressive performance signals promising prospects for the brand’s electrification efforts. However, Hyundai must maintain its momentum and innovation in the EV sector as competition intensifies and consumer preferences evolve.
