Hyundai’s most popular electric vehicle remains in high demand. Hyundai’s IONIQ 5 has shattered its own record for US sales in August, marking a milestone ahead of the updated 2025 model’s release, set to hit dealership floors this autumn.
Hyundai’s all-electric IONIQ 5 sedan drives record-breaking US sales in August.
Hyundai America CEO Randy Parker announced on Wednesday that the brand had achieved a record-breaking August in terms of both wholesale and retail gross sales.
In a significant milestone, Hyundai achieved its highest-ever U.S. monthly sales in August, selling 79,278 vehicles, an impressive 22% increase over the same period last year. Hybrid vehicles drove a significant surge in retail gross sales, with an impressive 81% increase, while electric vehicle (EV) retail sales saw a notable 27% rise.
The surge in demand follows a record-breaking performance by Kia, Hyundai’s sibling brand, which shattered its US sales mark for the second consecutive month in August.
In a surprise August milestone, Hyundai’s IONIQ 5 sparked a surge in retail sales of 74%, shattering records and solidifying its position as a top performer. By August 2024, Hyundai had delivered nearly 27,000 IONIQ 5 units in the US market, a 26% increase from the 21,348 sold during the same period last year, with 4,838 vehicles shipped to dealerships in the most recent month alone.
Despite the forthcoming release of a revamped 2025 model later this autumn, the electric SUV continues to experience surging demand.
Hyundai’s upcoming 2025 Ioniq 5 electric vehicle is set to feature a proprietary Tesla NACS charging port, according to sources at the manufacturer.
Hyundai has officially revealed the all-new 2025 IONIQ 5, boasting an expanded lineup, a redesigned exterior, a novel off-road-focused XRT trim, and a cutting-edge Tesla-inspired NACS charging port.
Will be the inaugural Hyundai model produced at the company’s sprawling Metaplant America facility in Georgia. Hyundai has announced that the US-built 2025 IONIQ 5, once its battery production commences, will initially qualify for a $3,750 tax credit, with full eligibility for the maximum $7,500 incentive expected once manufacturing begins.
Until then, Hyundai will still earn credits from leasing. As the 2025 model rolls out to dealerships this autumn, Hyundai’s 2024 IONIQ 5 stands out as one of the most exceptional SUV options currently available.
The 2024 Hyundai Ioniq 5 SEL is available with up to $14,500 in incentives. Starting at a competitive $47,400, the IONIQ 5 stands out as one of the most affordably priced electric SUVs in the US market, boasting an impressive range of over 300 miles.
| (excluding vacation spot charge) | (EPA est miles) | |
| $41,800 | 220 | |
| $45,850 | RWD: 303 AWD: 260 |
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| $47,400 | RWD: 303 AWD: 260 |
|
| $53,500 | RWD: 303 AWD: 260 |
|
| $59,400 | 260 |
