South Korean legacy automaker Hyundai has just achieved another milestone in the United States: a new sales record for the popular IONIQ 5 mid-size crossover in March and Q1 2024.
March 2024 sales results
According to Hyundai’s press release, the award-winning IONIQ 5 sold 3,361 units in March 2024, a 58% year-on-year increase from the model’s 2,114 record in March 2023.
Q1 2024 sales results
As for the entire first quarter, Hyundai sold a total of 6,822 IONIQ 5 units. It represents an 18% sales growth from the same period last year, marking another milestone for the South Korean legacy automaker.
Overall, Hyundai’s electric vehicle sales surged 62% in Q1 2024 compared to the same period last year.
“Hyundai keeps producing products that win awards, and demand for our vehicles, especially EVs, remains high. We saw the best Q1 total sales results influenced by Palisade, Kona, and IONIQ.
We’re thrilled about the all-new Santa Fe, our successful NY Auto Show where IONIQ 5 N won World Performance Car of the Year and the introduction of the refreshed Tucson and Santa Cruz.”
Randy Parker, CEO, Hyundai Motor America
Pricing
Hyundai’s record-setting electric vehicle sales resulted from cutting prices and launching major incentives. In fact, the Hyundai IONIQ 6 and Kona EV have advanced to be two of the most affordable vehicles to lease regardless of powertrain, starting at only $169/month.
Presented below are the 2024 Hyundai IONIQ 5’s base prices per trim:
2024 Hyundai IONIQ 5 trim | Starting Price (excluding destination fee) | Range (EPA est miles) |
| SE Standard Range | $41,800 | 220 |
| SE | $45,850 | RWD: 303 AWD: 260 |
| SEL | $47,400 | RWD: 303 AWD: 260 |
| Limited | $53,500 | RWD: 303 AWD: 260 |
| D100 | $59,400 | 260 |
Meanwhile, the Hyundai IONIQ 6 is apparently the only electric vehicle model that meets prospective customers’ preferred price, range, and charging technology, according to a new report from Boston Consulting Group. Here is the table of the model’s estimated range and base price per trim:
2024 Hyundai IONIQ 6 trim | Estimated Range (miles) | Starting Price |
| SE Standard Range RWD | 240 | $38,615 |
| SE RWD | 361 | $43,656 |
| SEL RWD | 305 | $46,365 |
| Limited RWD | 305 | $51,265 |
| SE Dual Motor AWD | 316 | $47,065 |
| SEL Dual Motor AWD | 270 | $49,865 |
| Limited Dual Motor AWD | 270 | $54,765 |
All that said, customers planning to buy an electric vehicle may find the Hyundai IONIQ 5 and 6 models as ideal options in the United States.
