Real price data
What should you pay for a 2022 Hyundai Ioniq 5?
Original MSRP
$46,250
When new
Fair market price
$22,734
Mileage-adjusted
Below MSRP
$23,516
A fair used price
Where prices land
25th $20,650 · 75th $25,994 · MSRP $46,250
Spread of current 2022 Hyundai Ioniq 5 listings · 25th–75th percentile marked.
Negotiating leverage
27
out of 100
weak leverage
~24 days of national supply — limited negotiating leverage.
Ridekick's negotiating-leverage score blends national Market Day Supply with how far listings sit above the mileage-adjusted fair price. Higher means more room to negotiate.
Market demand & negotiating leverage
24days of supply
Seller's marketThese sell quickly, so there's typically less room to negotiate — knowing the fair price is your best leverage.
National Market Day Supply — how long it would take to sell the current used 2022 Hyundai Ioniq 5 inventory at the recent sales rate (lower means it sells faster). Source: MarketCheck.
Estimated dealer cost (invoice)
$42,550–$44,400
Estimated dealer invoice — about $46,250 MSRP minus a typical 4–8% manufacturer margin.
An estimate, not a sourced figure. Actual dealer invoice varies with manufacturer incentives, holdback, and regional pricing.
Fair price by trim
| Trim | Fair price | MSRP | Est. dealer cost |
|---|---|---|---|
| SE | $21,654 | $47,150 | $43,378–$45,264 |
| SEL | $22,808 | $46,250 | $42,550–$44,400 |
| Limited | $25,689 | $55,000 | $50,600–$52,800 |
- SE
- $21,654
- SEL
- $22,808
- Limited
- $25,689
Safety & recalls
3 open NHTSA recalls on record for the 2022 Hyundai Ioniq 5.
PARKING BRAKE:ELECTRICAL:CONTROL MODULE:SOFTWARE
Hyundai Motor America (Hyundai) is recalling certain 2022 Ioniq 5 vehicles. A software error in the Shifter Control Unit (SCU) may disengage the parking mechanism, which can allow the vehicle to rollaway.
Remedy: Drivers are recommended to use the Electronic Parking Brake (EPB) when parking their vehicles until the remedy has been performed. Dealers will update the Shifter Control Unit software, free of charge. Owner notification letters were mailed July 14, 2022. Owners may contact Hyundai customer service at 1-855-371-9460. Hyundai's number for this recall is 228.
Campaign 22V324000 · 11/05/2022
ELECTRICAL SYSTEM:12V/24V/48V BATTERY
Hyundai Motor America (Hyundai) is recalling certain 2022-2024 IONIQ 5, 2023-2024 IONIQ 6, Genesis GV60, Genesis GV70 "Electrified," and Genesis G80 "Electrified" vehicles. The Integrated Charging Control Unit (ICCU) may become damaged and stop charging the 12-Volt battery, which can result in a loss of drive power.
Remedy: This recall is replaced by NHTSA recall number 24V-868. Vehicles already repaired under this recall will need to have the new remedy completed. Dealers will inspect and replace the ICCU and its fuse, as necessary. In addition, dealers will update the ICCU software. All repairs will be performed free of charge. Owner notification letters were mailed April 22, 2024. Owners may contact Hyundai customer service at 1-855-371-9460. Hyundai's number for this recall is 257/021G.
Campaign 24V204000 · 15/03/2024
ELECTRICAL SYSTEM:12V/24V/48V BATTERY
Hyundai Motor America (Hyundai) is recalling certain 2022-2024 IONIQ 5, 2023-2025 IONIQ 6, Genesis GV60, Genesis GV70 "Electrified," and Genesis G80 "Electrified" vehicles. The Integrated Charging Control Unit (ICCU) may become damaged and stop charging the 12-volt battery, which can result in a loss of drive power.
Remedy: Dealers will inspect and replace the ICCU and its fuse, as necessary. In addition, dealers will update the ICCU software. All repairs will be performed free of charge. Owner notification letters were mailed December 20, 2024. Owners may contact Hyundai customer service at 1-855-371-9460 or Genesis customer service at 1-844-340-9741. Hyundai's numbers for this recall are 272 (Hyundai) and 025G (Genesis). This recall expands and replaces previous recall number 24V-204. Vehicles previously repaired under recall 24V-204 will need to have the new remedy completed.
Campaign 24V868000 · 18/11/2024
Source: NHTSA. Contact your dealer to schedule a free recall repair.
Frequently asked questions
What is a fair price for a 2022 Hyundai Ioniq 5?
A fair, mileage-adjusted price is about $22,734, within a typical market range of $20,650 to $25,994.
Is the 2022 Hyundai Ioniq 5 cheaper than MSRP?
Yes — its original MSRP was about $46,250, so a fair used price is roughly $23,516 below MSRP.
Is now a good time to buy a 2022 Hyundai Ioniq 5?
There are about 24 days of national market supply for the 2022 Hyundai Ioniq 5 — These sell quickly, so there's typically less room to negotiate — knowing the fair price is your best leverage.
How much can you negotiate on a 2022 Hyundai Ioniq 5?
Negotiating leverage rates 27/100 (weak). ~24 days of national supply — limited negotiating leverage.
What does the dealer pay for a 2022 Hyundai Ioniq 5?
The estimated dealer cost (invoice) is roughly $42,550–$44,400 — its $46,250 MSRP minus a typical 4–8% margin. An estimate; actual invoice varies.
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Prices are computed from live market listings, adjusted for mileage, and aggregated by trim · updated 6/23/2026. Estimates only; your price depends on condition, options, and location.