SUVs and EVs Drive Strong Sales Growth for Hyundai and Kia

Hyundai Motor America and Kia America reported strong electric vehicle sales growth in November 2023, driven by popular new models. Hyundai’s total sales increased 11% year-over-year, while Kia’s rose 3% over the same period.  

Key Highlights:

  • Hyundai’s total sales increased 11% year-over-year in November 2023.
  • Kia’s total sales increased 3% year-over-year in November 2023.
  • Hyundai’s IONIQ 5 sales increased 99% year-over-year in November 2023.
  • Kia’s electric car sales increased 120% year-over-year in November 2023.
  • The EV6 was a particularly strong performer, with sales up 101%.

Hyundai’s IONIQ 5 crossover saw sales surge an impressive 99% versus November 2022. With its funky styling, long driving range, and ultra-fast charging, the IONIQ 5 continues gaining momentum as a top EV choice. Its exceptional sales growth underscores rising consumer appetite for Hyundai’s cutting-edge electric models.

Kia’s electric lineup also posted robust gains, with EV sales up 120% year-over-year in November 2023. The brand’s EV6 crossover remained especially popular, with sales more than doubling over the previous year. Lauded for its sharp design and thrilling performance, the EV6 brings flair to the electric vehicle segment.  

The Kia EV9 Wins Luxury Category in German Car of the Year 2024 Awards

Kia has begun delivering its eagerly awaited EV9 electric SUV, which offers ample passenger and cargo space in a stylish and practical package. The EV9 has the potential to become a top choice in the expanding electric SUV market thanks to its 304-mile range, distinctive and modern design, and technology-forward interior with lounge-style seating. With consumers increasingly seeking a blend of sustainability, innovation, and versatility, the new Kia EV9 seems poised for success.

Our Thoughts

Between the momentum for the EV6 and EV9, Kia has demonstrated that style and innovation will drive the brand’s electric future. Combined with rising interest in sleek and exciting models like Hyundai’s IONIQ 5, the latest sales results show that the Korean automakers are supercharging the mass-market EV revolution.  

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