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Hyundai and Kia Lead Double-Digit Sales Growth in US Auto Market.

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Source: InsideEVs
Hyundai and Kia Lead Double-Digit Sales Growth in US Auto Market.
Photo: InsideEVs
TL;DR

Hyundai Motor America reported its best March ever in the US, with a total monthly sales record of 75,404 vehicles, including the first-ever sales of the all-new Hyundai Ioniq 6 (222 units) and 2,114 units of the Hyundai Ioniq 5. However, the volume of Ioniq 5 weakened by 22% YoY. The total Hyundai Ioniq 5/Ioniq 6 sales amounted to 2,336 (down 13% YoY), which represents about 3.1% of the total volume. Hyundai's BEV sales are suffering due to the Inflation Reduction Act of 2022 (IRA), which removed the $7,500 federal tax credit for imported BEVs, and supply constraints.

Topics:businessautomotive#automotive#bevs#hyundai#ioniq-5#ioniq-6#sales
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  1. US: In March Hyundai Delivered The First 222 Ioniq 6  InsideEVs
  2. US first-quarter auto sales set to rise on better inventory  Reuters
  3. U.S. Auto Sales: GM, Ford, Tesla To Lead 'Unexpectedly Strong' First Quarter | Investor's Business Daily  Investor's Business Daily
  4. March U.S. auto sales: Hyundai, Kia rack up double-digit gains  Automotive News

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