Hyundai Motor and Kia Achieve Record-Breaking US Sales in July... Best Monthly Sales Ever for Eco-Friendly Vehicles

Among 143,787 Units, 10,385 Units... Monthly Sales Surpass 10,000 for the First Time
109.1% Increase Compared to Previous Year

Hyundai Motor Company and Kia announced on the 2nd that they sold 143,787 vehicles in the United States in July. This represents a 12.1% increase compared to the previous year. Despite the enactment of the Inflation Reduction Act (IRA), sales have shown a year-on-year increase for 12 consecutive months since August last year. Sales have also been on the rise since the second half of last year.

Hyundai Motor Company and Kia explained that the expansion in sales in July was driven by increased sales of eco-friendly vehicles (including pure electric, hybrid, and hydrogen vehicles), Genesis, and RVs (recreational vehicles). The sales volume of eco-friendly vehicles in July was 26,498 units, setting a new record for the highest monthly sales ever. The sales proportion also reached 18.4%, the highest monthly figure on record. Hyundai sold 15,392 units, breaking its own record for the highest monthly sales for the second consecutive month following June. Kia sold 11,106 units.

Hyundai Ioniq 5 [Photo by Hyundai Motor Company] [Image source=Yonhap News]

Among eco-friendly vehicle sales, the expansion of electric vehicle sales stood out. The combined electric vehicle sales of Hyundai and Kia totaled 10,385 units, breaking the monthly sales record for the third consecutive month following 8,105 units in May and 8,835 units in June.

By model, Hyundai’s Ioniq 5 sold 4,135 units, achieving the highest monthly sales record for two consecutive months following the previous month. This is the first time since December 2021 that monthly sales exceeded 4,000 units in the U.S. The Ioniq 6 recorded 1,745 units, surpassing last month’s record to achieve the highest monthly sales. The Niro EV sold 1,140 units, a 91% increase compared to the same period last year, and the EV6 sold 1,937 units, a 12.9% increase year-on-year.

Genesis (6,330 units) also recorded its highest monthly sales ever. The GV70 sold 2,525 units, achieving the highest monthly sales on record. This was due to expanded supply influenced by local production at the U.S. factory. The GV80 (1,499 units) and G70 (1,310 units) followed.

RV sales totaled 104,848 units combined for Hyundai and Kia (Hyundai 53,959 units, Kia 50,889 units). In particular, Kia’s RV sales have shown double-digit growth rates for 12 consecutive months since August last year.

This content was produced with the assistance of AI translation services.