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2024 MY Production -- Canada Allocations

2165 Views 19 Replies 7 Participants Last post by  SMJBAV
Since Hyundai Canada cut off dealership orders for 2023 model year fulfillment in October of last year, I've been in close contact with my North Bay, Ontario dealer about possibly purchasing a 2024 unit from their forthcoming stock allocations. I am told that they expect their own ordering to be "unlocked quite soon now" for Hyundai's new MY production that is expected to commence in June, but that individual dealer allocations will remain limited. In their case, they have already been informed that their 2024 MY allocation will be limited to twelve (12) units. In answer to my specific inquiry, they've agreed to put me at "the top of their list" to make one black/black Calligraphy available for purchase from them not later than August.

My reason for posting here is to ask whether other potential 2024 MY Palisade buyers have any similar information about the Hyundai Canada situation or can confirm what I've been told about it. Sounds to me as if demand is going to continue to outpace availability and pricing may reflect that situation for some time yet.
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Yeah, one allocation per month per dealership seems to be the norm, even less so for rural dealers. My rural dealer gets about 1 Palisade every 2 months or so, so their inventory is even tighter, pretty gets sold right off the delivery truck. 2023MY Palisades orders were opened in March/April 2022, so I expect the same for 2024MY, albeit I would surmise delivery will be around Sept; the backlog of 2023MY will have to be cleared out first. I am waiting for news on the 2024 specs especially if they put power folding side mirrors, I'll tell my dealer to swap my 2023 order.
Thanks very much for that. So far, I have found my North Bay dealer to be a very "straight shooter" in all of my contacts with them, but it's always good to have confirmation, especially given the recent uncertainties throughout the industry.

Sounds like they were lucky to get a 12-unit allocation. They did admit that the hoped for August availability was on somewhat shaky ground. So you could very well be right about September delivery. I suppose I can be patient for that much longer if I must. No other dealer anywhere close to my home is willing to make any commitment at all for a top-of-the-line Palisade out of their 2024 MY allocation.

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P.S.: Like you, I'm hoping to see power folding mirrors on the 2024. They tell me that they've not yet received any dealership brochure outlining changes and I suppose wireless AA would be too much to hope for.
Thanks very much for that. So far, I have found my North Bay dealer to be a very "straight shooter" in all of my contacts with them, but it's always good to have confirmation, especially given the recent uncertainties throughout the industry.

Sounds like they were lucky to get a 12-unit allocation. They did admit that the hoped for August availability was on somewhat shaky ground. So you could very well be right about September delivery. I suppose I can be patient for that much longer if I must. No other dealer anywhere close to my home is willing to make any commitment at all for a top-of-the-line Palisade out of their 2024 MY allocation.

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P.S.: Like you, I'm hoping to see power folding mirrors on the 2024. They tell me that they've not yet received any dealership brochure outlining changes and I suppose wireless AA would be too much to hope for.
Your dealer's estimation of August for 2024MY delivery is def doable. Looks like Hyundai is currently delivering 2023MY July orders. so rough guess, if they'd cut off taking orders in October 2022, I think there is about 2-3 months of production left for the 2023MY cycle, so somewhere around May-June 2023 build dates with delivery ending in July 2023.

Please, do tell once you hear any news on the spec sheet for the 2024MY, we should receive some news by late March/April and orders should open soon. I would like to see what changes are in the 2024MY before I make a final purchase (I prefer to buy the 2024 model as we are at the end of the 2023 model cycle end which is already 1 model year old with no discount for age); in addition, to power folding side mirrors, I am hoping to see the Digital MyKey 2.0 and power liftgate with Auto Close feature (currently in the Telluride) as additions to the 2024MY.
Please, do tell once you hear any news on the spec sheet for the 2024MY, we should receive some news by late March/April and orders should open soon.
I've asked my primary North Bay contact to please copy to me ASAP any dealership brochure or other info that he may receive from Hyundai regarding forthcoming 2024 MY changes, if any. And I will certainly pass along here any additional information that I'm able to get my hands on as soon as I get it.

I've not yet heard any more about "unlocking" orders on their 2024 allocation, but I'm hoping that it won't be too much longer before they're able to confirm some actual results of my "top-of-the-list" status, and not too much longer after that before they can give me a real VIN number for delivery.

In the meantime, just in case that "Plan A" commitment doesn't work out, I have to admit that I've been doing just a little "Plan B" shopping around. In fact, one Jeep dealership's sales manager has actually offered a $60K trade-in allowance for my 2023 Cali to purchase a Grand Cherokee Overland. Not a bad deal (more than I paid for it), but I'll stand by my promise to give North Bay a fair chance before making any alternative decisions. In any case, the Grand Cherokee is about $20K more costly fully equipped and the Palisade is better value for money IMO.
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I will certainly pass along here any additional information that I'm able to get my hands on as soon as I get it.
As promised, this is to pass along (without specific attribution) the very brief info I received today on the subject of 2024 MY changes -- "So we just got the product guide about an hour ago and no changes to the 2024 model after reading it over."

If I can get my hands on a copy of the actual product guide, I'll post that later. However, in view of the 2023 “facelift”, I’m not really surprised about the “no changes” decision for the 2024 MY Palisade. I am just a little disappointed that they didn’t go for power folding mirrors at least. I think the top-of-the-line Kea Telluride has ‘em. Hopefully, the Palisade’s software developers will have dealt with a few of the minor quirks in that area.

One additional bit of news. I'm told that Hyundai is now expecting to commence 2024 MY production in May.
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As promised, this is to pass along (without specific attribution) the very brief info I received today on the subject of 2024 MY changes -- "So we just got the product guide about an hour ago and no changes to the 2024 model after reading it over."

If I can get my hands on a copy of the actual product guide, I'll post that later. However, in view of the 2023 “facelift”, I’m not really surprised about the “no changes” decision for the 2024 MY Palisade. I am just a little disappointed that they didn’t go for power folding mirrors at least. I think the top-of-the-line Kea Telluride has ‘em. Hopefully, the Palisade’s software developers will have dealt with a few of the minor quirks in that area.

One additional bit of news. I'm told that Hyundai is now expecting to commence 2024 MY production in May.

My very sentiments. Not too happy Hyundai is choosing to not put the autofolding side mirrors as every other manufacturer offers one at the top trim. We'll see what the actual spec sheet says, I am still hopeful it is in 2024MY.

I am gonna go ahead and take delivery of my order coming on 24 April as a bird in hand is worth two in the wild, I can always trade it in if things change in the near future.

Thanks a bunch for sharing!
It was also stated that the BlueLink subscription services that we all pay for now will be complimentary beginning with the 2024 models.
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I was able to get the product brochure for 2024 MY (dated 05 April, 2023). Unfortunately, all the pages have the embedded imprint of the dealer's name so I cannot publish here, copyright violations reasons. Basically, there are no changes except for minor redesigns for the Urban trim roof rails (silver to black) and exterior door handles (satin chrome finish to body color painted). That's it. Basically everything else are carried over unchanged. Production for 2024 Palisade starts in May 2023, according to the brochure.

Last minute changes cannot be ruled out, but I am not too hopeful.

The only interesting news in the brochure is that in Q2 of 2025 (just 2 years from now!), Hyundai will be releasing an all-new + HEV Variant of 2026 MY. I heard they will soon be releasing details on the Ioniq 7, which is the BEV cousin of the Kia EV9 but this is nowhere in the brochure. I am looking forward to the 2026 Hyundai Palisade with hybrid engine underpinnings, hopefully they put the newer 3.5L V6 engine with dual port and GDI that is currently in the Kia Carnival. Bonus info. There is a 2024 MY Honda Pilot with HEV supposedly being launched in Q3 of 2023.

It makes sense that with a new Palisade coming in 2 yrs, and folks lining up to get their hands on the current one, Hyundai is not incentivized to make any changes.
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UPDATE: -- Just received an e-mail from my North Bay dealer stating that they have now placed their Hyundai Canada dealership allocation order for "your 2024 Palisade Calligraphy". They're expecting to get back a VIN shortly along with a delivery date estimate. As soon as they do, they'll fire off a transaction offer to me for acceptance and a deposit.

I take that to indicate that Hyundai's 2024 MY production is now underway. At this stage, we're "guesstimating" dealership deliveries to commence about the same time as last year's -- i.e., late August. Will update again when that's more definite.
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Hyundai Canada's 2024 Palisade production may have limited availability at first, with popular models having restricted allocations. You need to know about most popular Hyundai Palisade dealer expects only twelve units, indicating the possibility of limited overall allocation. Higher pricing may result from demand outpacing availability. To purchase, stay in contact with your dealer for updates or explore other options.
Thanks for the advice. Yes, my dealer's 12-unit allocation certainly does reflect the broader nationwide situation. In fact, some of Hyundai Canada's smaller dealerships are facing zero allocation for the 2024 model year.

You can be assured that my North Bay Hyundai dealership contacts have been and remain very close ever since my initial 2021 Palisade purchase and two model year updates since then. They've been very "straight shooters" with me and I think we have a good mutual understanding of each other's intentions for this year and beyond.

That certainly doesn't exclude all other possible options. (I've already been offered a $60K trade-in allowance for my 2023 Calligraphy on a Jeep Grand Cherokee purchase.) On the whole, however, I consider the Palisade to be a better "value for money" deal, and so I'll give my Hyundai dealer a fair chance to fulfil our prior arrangement for the 2024 MY.
Hi Ordered my palissade in October last year and still waiting for the delivery now my dealer is talking about 1st week of June. I'm going to cancel the order and place one for an 2024 He is telling me they can't place any order for an 2024 and they don't have any idea on the price for 2024. Any comments please
The most likely result of canceling an existing factory order in favor of a new factory order would be a longer wait. Only you know whether the very minor changes between the Palisade's 2023 and 2024 models would make that extra wait worthwhile to you.

My own arrangement does not involve a new factory order. Instead, my dealer and I agreed last year when I bought the 2023 Palisade from them that I'd trade it in for a replacement from their 2024 MY Hyundai Canada dealership allocation. The latest word from them is that they expect to receive initial 2024 allocation units by late August, including the Calligraphy that they've ordered for sale to me.

I really can't comment on what your dealer has told you about their situation. It may be quite different from my NB Hyundai dealership's. As I noted above, some of the smaller ones are faced with no 2024 MY allocation at all.
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Thanks for your reply.
The thing by receiving the 2023 by June the depreciation on it will be important when the 2024 will be here by September 2023!!
That why I'm thinking to cancel my 2023 order !
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Thanks for your reply.
The thing by receiving the 2023 by June the depreciation on it will be important when the 2024 will be here by September 2023!!
That why I'm thinking to cancel my 2023 order !
The days of new cars losing thousands in residuals just hours after you drive off the lot are long gone. Nowadays, new "used" cars a few days old are worth more than new on-order cars awaiting delivery. Two days ago, I took delivery of my 2023 Cali, I was in the same quagmire as you, debating the merit (and wisdom) of taking delivery at the end of the model cycle (since 2024 Palisades are already in production). In the end, I figured a bird in hand is worth two in the wild, so many things that factored in: no guarantee delivery days it could be 6 months to 1 year, there will definitely be a raise in MSRP of at least $800-1000 plus a couple of small increments every 4-5 months or so, lastly (a big factor for me), no change from 2023 to 2024 other than the trim color of the door and roof of the Urban trim.

I am interested in 2026MY Palisade and will likely trade in my 2023 model, this is when Hyundai will roll out their HEV, with significant upgrades including all new chassis, modernized engine with dual port and DGI injection and structural module (hopefully, they will put the darn power autofolding side mirrors I really wanted). I am not considering 2024 and 2025 model years as these will be essentially the same as 2023 model.

Each person's situation is diffeent, in the end, you can do what best suits your circumstance.
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The most likely result of canceling an existing factory order in favor of a new factory order would be a longer wait. Only you know whether the very minor changes between the Palisade's 2023 and 2024 models would make that extra wait worthwhile to you.

My own arrangement does not involve a new factory order. Instead, my dealer and I agreed last year when I bought the 2023 Palisade from them that I'd trade it in for a replacement from their 2024 MY Hyundai Canada dealership allocation. The latest word from them is that they expect to receive initial 2024 allocation units by late August, including the Calligraphy that they've ordered for sale to me.

I really can't comment on what your dealer has told you about their situation. It may be quite different from my NB Hyundai dealership's. As I noted above, some of the smaller ones are faced with no 2024 MY allocation at all.
How much will it cost you to go from 23 MY to 24 MY?
How much will it cost you to go from 23 MY to 24 MY?
I'll only know that when my dealer sends me a detailed offer including his proposed allowance for my 2023 trade-in which may depend somewhat on how many kms it has accumulated by the date when the 2024 actually arrives at the dealership and is ready for sale. I expect the cost by then, including Ontario's HST, will be somewhere in the CDN $8-10K ballpark.
I'll only know that when my dealer sends me a detailed offer including his proposed allowance for my 2023 trade-in which may depend somewhat on how many kms it has accumulated by the date when the 2024 actually arrives at the dealership and is ready for sale. I expect the cost by then, including Ontario's HST, will be somewhere in the CDN $8-10K ballpark.
I am in the same boat as you and have the same expectation.
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