While the SUV market continues to be a big one for the American auto enterprise, there’s nonetheless room for conventional sedans. At least, some automakers imagine that. The Hyundai Elantra and Sonata are contemporary from updates final 12 months, and the corporate is trying to transfer much more of them in 2024.
The automaker needs these vehicles to attain “double-digit growth” this 12 months, in response to Hyundai Motor North America CEO Jose Muñoz, talking with Automotive News. Muñoz mentioned rising manufacturing of the Elantra and Sonata is a “key factor for profitability” this 12 months.
“We are not trying to overproduce, but we’re losing some sales because the dealers don’t have the trims, the versions, that they would like to, so we’re very mindful of that,” he mentioned. With greater rates of interest, clients are on the lookout for cheaper autos.
Hyundai moved a complete of 801,195 autos in 2023, which was up 11 % over the 724,265 models moved in 2022. If the model achieves one other 10 % enhance in 2024, it will ship 881,315 vehicles. But Hyundai did not have begin in January 2024, delivering simply 47,543 vehicles—down 9 % from January 2023.
The up to date Elantra simply went on sale within the US in fall 2023, and in January, the corporate delivered 6,900 of them, which was down 20 % from the identical month final 12 months. The newly refreshed 2024 Elantra (pictured above) wears a brand new shark-nose entrance finish with a sharper look and thin LED working lights. A U-shaped silver ingredient accents the rear diffuser.
The 2024 Elantra begins at $22,775 after the $1,150 vacation spot payment, whereas range-topping N mannequin is $34,850.
| 2023 Sales | |
| Hyundai Elantra | 134,149 Units |
| Hyundi Sonata | 45,344 Units |
Meanwhile, the refreshed 2024 Sonata (beneath) additionally has a brand new nostril that features thinner headlights. Inside, there are two 12.3-inch screens—one for the instrument cluster and one other for the infotainment show. Buyers can go for options like a head-up show and 12-speaker Bose stereo.
Hyundai additionally makes the 2024 Sonata obtainable with all-wheel drive for the primary time, along with the usual front-drive structure. Currently, it is solely obtainable with the two.5-liter four-cylinder that makes 191 horsepower and 181 pound-feet of torque. Sonata costs begin at $28,650. The range-topping Hybrid Limited grade is $38,350. But Sonata gross sales additionally fell in January 2024. Hyundai moved 3,121 throughout the month, which was down 36 % from the identical time final 12 months.
Hyundai’s bestseller in January 2024 was the Tucson. The firm delivered 11,116 of them, which was an 8 % drop from 2023. The crossover’s reputation suggests the sedan push won’t be taking maintain fairly but.