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Hyundai Canada Reports Record January Sales With Strong Performance From Electric Vehicles
Hyundai Auto Canada Corp. announced a significant rise in sales for January, with 9,200 units sold, marking a 30.3% increase compared to the previous year. This achievement represents the company's best January sales performance to date. The TUCSON, ELANTRA, and KONA models were the top sellers, with the TUCSON leading at 2,286 units.
The IONIQ 5 electric vehicle continued its strong performance with 1,375 units delivered in January. Hyundai's electrified vehicles, including electric, hybrid, and plug-in hybrid models, accounted for nearly 40% of total sales. In total, 3,646 electrified units were sold during this period.
Comparing year-over-year data reveals substantial growth in electrified vehicle sales. The IONIQ 5 saw a remarkable increase of 244.6%, while the TUCSON PHEV experienced an impressive rise of 387.9%. However, some models like the KONA EV and IONIQ 6 saw declines of 55.3% and 67%, respectively.
In terms of overall model performance for January, the TUCSON recorded a significant growth of 70%, while the ELANTRA increased by 17.2%. The SANTA FE also showed strong results with a rise of 114.6%. Conversely, the KONA experienced a decline of 32.3% in sales compared to last year.
The SONATA model achieved an extraordinary increase in sales by 835.7%, albeit from a low base figure last year. Meanwhile, the SANTA CRUZ saw a decrease of 38.9% in its sales numbers.
Company Background and Achievements
Founded in 1983 and based in Markham, Ontario, Hyundai Auto Canada was Hyundai Motor Company's first subsidiary outside Korea. The company offers a diverse range of vehicles to Canadian consumers through over 250 dealerships nationwide.
Hyundai is also recognized as one of Canada's Top 50 Best Workplaces™ for six consecutive years by the Great Place to Work® Institute. Additionally, it serves as the official automotive partner for both the National Hockey League Players’ Association (NHLPA) and the NHL® in Canada.
The VENUE model also performed well with an increase of nearly 30% compared to last January's figures. Meanwhile, PALISADE sales rose by almost 80%, showcasing its growing popularity among consumers.
The SANTA FE HEV recorded an outstanding growth rate of over 2055%, highlighting its increasing demand among hybrid vehicle buyers. Similarly, the TUCSON HEV saw a notable rise of over 118% from last year's numbers.
This positive trend reflects Hyundai's commitment to expanding its electrified vehicle lineup and meeting consumer demand for environmentally friendly options.
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