Hyundai Australia begins directly selling second-hand Ioniq 5 EVs

Hyundai Australia has started directly selling second-hand Ioniq 5 electric vehicles – bypassing traditional used car dealers.

A batch of 23 used Ioniq 5 examples are available to order now for Sydney-siders only via Hyundai’s website, as part of a trial before rolling out a wider program.

The first pre-owned EVs are sourced from a mix of ex-company and customer cars – and the South Korean carmaker claims they’re “sharply priced” with “no excessive markups due to high demand”.

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They mostly consist of the launch edition rear-wheel drive and all-wheel drive Ioniq 5 variants, costing from $68,000 drive-away – all thousands cheaper than when bought new – with between around 3000 to 19,000 kilometres driven and many feature the famous ‘NBY’ special registration plate seen on all press cars.

In contrast, used Ioniq 5 EVs are currently fetching between $78,000 to $93,000 on the Carsales classifieds, with 20 to 22,000 kilometres driven.

Certified pre-owned Ioniq 5s maintain the company’s direct-to-consumer online purchasing model, with a fixed price and no haggling approach akin to Tesla, Polestar, and Honda.

All cars come with the remaining registration or a new 12-month registration.

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It’s worth noting that the Ioniq 5 has received two minor local specification revisions since its launch edition release in September 2021, with a tweaked model line-up introduced in July 2022, and recently gained a larger battery with a new range-topper in January 2023.

The move comes more than a year after the electric medium SUV launched in Australia and supply constraints continue to linger for new Ioniq 5s, in which the carmaker continues to occasionally drop batches of stock for sale – instead of using a conventional waitlist queue.

A new 2023 Hyundai Ioniq 5 electric crossover today costs from $72,000 to $85,000 before on-road costs and is covered by a five-year, unlimited kilometre vehicle warranty and eight-year/160,000 kilometre battery warranty from first registration.