Blowout sales of the all-electric Ioniq 5 help propel the Flying H brand to new Nov. sales heights. Wayne Gerdes – CleanMPG – Dec. 3, 2024 2025 Hyundai Ioniq 5 Earlier today, Hyundai reported record-breaking total November sales of 76,008 vehicles, an 8.5% increase over the 70,079 sold in Nov. of 2023. YTD sales of 758,304 were up 4.4% over the 726,031 sold through the same period of 2023. November 2024 U.S. Sales Highlights November saw sales of the Santa Fe HEV (+64%), Tucson PHEV (+23%), Tucson HEV (+227%), IONIQ 5 (+110%) set new records. Hybrid sales were up 114%, while total EV sales grew 70%. Thanks to generous incentives, it was the best sales month in the IONIQ 5s history which helped in producing the brands overall stellar results. November sales of 4,989 Ioniq 5s were up 110.3% over the 2,372 sold in Nov. of 2023. YTD sales of 39,805 were up 29.8% over the 30,657 sold through the same period of 2023. Whoever is pushing the narrative that EV sales are flattening must have not spoken to Hyundai.
Hi All: I am not sure where Cox received their sales numbers but they are great at pulling sales from actual registrations, state by state. In any case, the new-vehicle seasonally adjusted annual rate (SAAR) greatly improved in November, reaching the best level since May 2021. This growth was entirely attributed to retail, with a marked decrease in sales into fleet relative to the overall market. The average transaction price (ATP) of new vehicles rose to an estimated $48,724 in November, a 1.5% increase from October and a 24.3% increase since November 2019, according to KBB data. At the same time, incentives from manufacturers increased 4.2% month over month, reaching a high of $3,914 since March 2021 but remaining below November 2019’s level. U.S. auto sales in November 2024 beat expectations. While initial forecasts anticipated a sales pace of 16.0 million with a volume of 1.32 million vehicles, the latest data suggests the industry is on track to hit a SAAR of 16.5 million – the strongest pace in over three years. Robust incentives and discounts are playing a pivotal role in boosting sales as well. Incentive spending in October surged by 60% year over year, reaching its highest level since early 2021. November likely saw even deeper discounts, coupled with improved financing offers and rising inventories. Wayne
