FYI: The Hyundai Ioniq 5 Scores a Record October in U.S. Sales!
The Hyundai Ioniq 5 recently celebrated one of its most successful months in the U.S. market, achieving a remarkable milestone in October 2023. Contrary to what one might assume, these impressive figures are not attributed to the eagerly awaited 2025 Ioniq 5 with its future-ready Tesla Supercharger network plug. The model responsible for this surge is still the current edition, making its sales performance all the more commendable.
Impressive Sales Achievements
In October, Hyundai dealerships across the U.S. sold 4,498 units of the Ioniq 5, marking its best October performance to date and the second-highest sales month since its major market introduction in 2022. This represents a substantial 51% increase compared to October 2022, a noteworthy feat given the fluctuating electric vehicle market experienced by several manufacturers this year.
A Broader Success for Hyundai
Hyundai Motor Group, based in South Korea, continues to extend its winning streak in the electrified vehicle segment. Alongside the Ioniq 5, other models have contributed to Hyundai and its sibling brand Kia achieving record October sales. The Hyundai Tucson and Santa Fe hybrids, for example, experienced a remarkable 140% year-over-year growth in sales. Similarly, Kia’s offerings like the Sportage, Carnival, and EV6 reached record-high sales for the month. Notably, the Ioniq 6, a sedan, struggled somewhat, selling only 837 units, which is a 32% decrease from the previous year, highlighting the current consumer preference for SUVs.
Why the 2024 Hyundai Ioniq 5 Stands Out
The 2024 Hyundai Ioniq 5 offers a compelling package that attracts buyers. Available in both rear-wheel-drive and all-wheel-drive configurations, its range options vary from a basic 220-mile SE Standard Range to a robust 303-mile RWD SEL and Limited models. Adding AWD reduces the range slightly to 260 miles, which remains competitive. Its 800-volt electrical system enables rapid charging: from 10% to 80% in just 18 minutes with a DC fast charger of 250 kW or more, making the Ioniq 5 a leader in terms of charging efficiency.
Anticipating the 2025 Ioniq 5
The anticipation for the 2025 Ioniq 5 is building, with expectations that it will soon hit the market. Assembled in Georgia, the new model is projected to qualify for upfront EV tax credits, enhancing its appeal. It will also feature the North American Charging Standard (NACS) plug, facilitating direct access to the Tesla Supercharger network. Existing Ioniq 5 models will be able to connect similarly via an adapter. Additionally, the upcoming model will introduce a rugged XRT trim, designed for off-road use, reinforcing its versatile appeal.
Final Takeaway
Hyundai’s Ioniq 5 is proving to be a formidable contender in the electric vehicle market with its stellar performance in October sales—a testament to its growing popularity and the solid groundwork laid by Hyundai’s strategic innovations and offerings.
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Authored by William Kouch, Editor of Automotive.fyi
