Hyundai is on a hot streak. The Korean auto giant just had its best sales month ever in the US. Hyundai’s impressive EV lineup is charging up demand, with its best-selling Hyundai IONIQ 5 SUV also setting a new US record after sales more than doubled in November.
Hyundai IONIQ 5 drives record US sales in November
With 76,008 vehicles sold in November, Hyundai’s record-breaking US sales streak is not slowing down. Hyundai Motor America CEO Randy Parker credited the growing demand for EVs and hybrid vehicles to the growth.
Hyundai’s EV sales rose 77% from last year, while hybrid sales surged 104%. Electrified retail sales (EV, PHEV, and hybrid models) climbed 92% in total last month.
Several vehicles, including the Santa Fe HEV, Tucson PHEV, Tucson HEV, and IONIQ 5, had their best-ever sales month.
The IONIQ 5 continues to be one of the best-selling EVs in the US. Hyundai sold 4,989 IONIQ 5 models last month, more than double (+110%) from the 2,372 sold in November 2023 and an 11% increase from the previous record in October.
In the first 11 months of 2024, Hyundai sold 39,805 IONIQ 5s in the US, up 30% year over year. Hyundai’s record sales come after introducing the refreshed 2025 IONIQ 5, a major upgrade from the previous model.
Upgraded 2025 model incoming
The upgraded electric SUV features more range, features, and an improved style. It even includes an NACS port to access Tesla’s Supercharger network.
Hyundai’s new 2025 IONIQ 5 starts at $43,975, including the $1,475 destination fee. That’s for the Standard Range model, which has a driving range of up to 245 miles. The extended-range model starts at $46,550 and has a range of up to 318 miles. For adventure-seekers, a rugged new XRT trim is available starting at $56,875.
Hyundai also upgraded the interior with redesigned steering wheel and HVAC controls. The new model also includes an improved center console.
Top comment by BayPoor
I wanted to wait for the 2025, but the 2024s were super cheap in November. For a 13 month lease (especially if you single pay) you could get a limited for like $5-6k. I saw a lot of people at the dealership were trying to lock in low leases before the new model and new administration comes in and makes everything expensive again.
The interior features dual 12.3″ driver display and infotainment screens. Based on customer feedback, Hyundai added several physical buttons.
| 2025 Hyundai IONIQ 5 Trim | EV Powertrain | Driving Range (miles) | Starting Price* |
| IONIQ 5 SE RWD Standard Range | 168-horsepower rear motor | 245 | $42,500 |
| IONIQ 5 SE RWD | 225-horsepower rear motor | 318 | $46,550 |
| IONIQ 5 SEL RWD | 225-horsepower rear motor | 318 | $49,500 |
| IONIQ 5 Limited RWD | 225-horsepower rear motor | 318 | $54,200 |
| IONIQ 5 SE Dual Motor AWD | 320-horsepower dual motor | 290 | $50,050 |
| IONIQ 5 SEL Dual Motor AWD | 320-horsepower dual motor | 290 | $53,000 |
| IONIQ 5 XRT Dual Motor AWD | 320 horsepower dual motor | 259 | $55,400 |
| IONIQ 5 Limited Dual Motor AWD | 320-horsepower dual motor | 269 | $58,100 |
Hyundai is building 2025 IONIQ 5 models at its massive new EV plant in Georgia. All US-built Hyundai EVs qualify for a partial $3,750 tax credit, but Hyundai is passing the full $7,500 on through leasing. Once the battery plant opens next year, Hyundai expects US-made EVs will be eligible for the full $7,500.
With its first three-row electric SUV, the IONIQ 9, launching next year, Hyundai expects to gain momentum in the US.
As the new 2025 IONIQ 5 hits dealerships, Hyundai is offering closeout prices on 2024 models. The 2024 Hyundai IONIQ 5 is available to lease for as low as $199 per month while they are still in stock. You can use our link to view offers on 2024 and 2025 Hyundai IONIQ 5 models at a dealer near you.
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