Hyundai Motor America sold 40 percent more units in December 2022 than last year’s units and retail sales rose 27 percent, marking the fifth consecutive month of record-breaking retail sales, the automaker said Wednesday. .
The company sold a total of 72,058 units in December, up from 51,340 units last year.
This was led by new December total and retail sales records for Venue, Elantra HEV, Elantra N, IONIQ 5, Santa Fe HEV, Tucson HEV, Santa Cruz, Kona EV and Kona N vehicles.
Retail sales of green vehicles grew 72% compared to December 2021.
Hyundai said SUVs accounted for 74% of retail sales with more than 47,800 units sold.
For the fourth quarter, total sales grew 29% to 195,967 units from last year’s 152,446 units, driven by total sales growth of Elantra HEV (+431%), Santa Fe HEV (+85%), Tucson HEV (+38%), IONIQ 5 (+2835%) and KONA EV (+35%).
For the full year 2022, total sales decreased 2% to 724,265 units from last year’s 738,081 units.
Hyundai outperformed the sector with forecasts calling for an 8.4% decline in total sales when adjusted for sales days.
Hyundai set a new annual retail sales record with 708,217 units sold, a 2% increase from the previous record set in 2021.
For the year, Hyundai fleet sales were among the lowest in the industry at 2.2% of total volume.