{"id":35363,"date":"2022-11-05T12:04:09","date_gmt":"2022-11-05T16:04:09","guid":{"rendered":"https:\/\/autosector.com\/?p=35363"},"modified":"2022-11-05T12:04:09","modified_gmt":"2022-11-05T16:04:09","slug":"us-hyundai-ioniq5-sales-october2022","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=35363","title":{"rendered":"US: Hyundai Ioniq 5 Sales Increased Slightly In October"},"content":{"rendered":"

In October, Hyundai Motor America sold 60,604 cars in the US – about 7% more than a year ago. This positive monthly result allowed Hyundai to further improve the year-to-date tally, although it remains below last’s year level at 588,902 (down 8%).<\/p>\n

Sales of the all-electric Hyundai Ioniq 5<\/a> amounted to 1,579 last month, which is slightly better than in September and August, but nowhere near the nearly 3,000 level noted a few times earlier this year.<\/p>\n

Compared to the total Hyundai<\/a>\u00a0volume, the Ioniq 5 represents a 2.6% share – also a bit more than in the previous two months.<\/p>\n\n

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So far this year, Hyundai Ioniq 5 sales in the US exceeded 20,000 (about 3.4% of the total volume) and the South Korean model remains on track to about 25,000 this year.<\/p>\n

It’s very difficult to even forecast what the future will hold for the Hyundai Ioniq 5. The company recently announced a $1,500 price increase for the 2023 model year version of the Ioniq 5<\/a>, while at the same time in 2023, it might no longer be eligible for the $7,500 federal tax credit.<\/p>\n

On top of that, the South Korean manufacturer appears to be constrained in terms of Ioniq 5 production or at least general E-GMP models.<\/p>\n

The Hyundai Ioniq 5 is the first model based on the Hyundai Motor Group’s E-GMP platform, used also by the Kia EV6<\/a> and Genesis GV60<\/a>. Next year, it will be joined by the Hyundai Ioniq 6<\/a>, which recently set an amazing presale record of 37,446 preorders on the first day in South Korea<\/a>.<\/p>\n

The long-term EV future of the brand appears to be very promising as the Hyundai Motor Group announced a large $5.54 billion investment in a new dedicated all-electric vehicle factory and an EV battery gigafactory.<\/p>\n

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Unfortunately, the official stats do not include the sales results of other all-electric or plug-in hybrid models (Kona Electric, IONIQ Electric, IONIQ Plug-In, Santa Fe PHEV and Tucson PHEV), as they are counted together with conventional or non-rechargeable hybrids.<\/p>\n

The hydrogen fuel cell model – Hyundai Nexo – noted 30 units (down 52%) and 375 year-to-date (up 9%). There is not much progress in the FCEV segment and there is a big chance that sales of the Nexo in 2022 will be lower than in 2023 (430).<\/p>\n

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In October, Hyundai Motor America sold 60,604 cars in the US – about 7% more than a year ago. This positive monthly result allowed Hyundai to further improve the year-to-date tally, although it remains below last’s year level at 588,902 (down 8%). Sales of the all-electric Hyundai Ioniq 5 amounted to 1,579 last month, which […]<\/p>\n","protected":false},"author":1,"featured_media":35364,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-35363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/35363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35363"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/35363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/35364"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35363"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}