Data on car sales for the first quarter of 2024 is starting to come in. Sales of Hyundai electric cars increased by 62% in the first three months of the year and by 100% in March.
The bulk of that growth came from the new IONIQ 6, which saw sales jump 1,542% in the quarter and 794% last month compared to 2023. In March, Hyundai sold 1,984 IONIQ 6 vehicles. In the first quarter, 3,646 electric crossovers were sold.
Sales of the IONIQ 5 also increased, but less rapidly, although it did set a sales record. They grew by 58% for the month and by 18% for the quarter. The company sold 3,361 IONIQ 5s in March, and 6,822 this year.
These two EVs made up a small portion of Hyundai's total sales in the first quarter. In the first three months of 2024, the company sold 184,804 cars, which is 0.2% more than a year earlier. The Tucson PHEV, Tucson HEV, Kona EV and Palisade set sales records this quarter. Palisade sales jumped 58% for the month and 29% in the first quarter, with 25,255 vehicles sold, more than double the number of EVs.
Automakers have recently been rethinking their EV strategies in the face of slowing sales. But things seem to be going well for Hyundai, at least for now.