The Hyundai Motor Company is the world's 5th largest automaker selling mid-sized sedans, coupes and SUVs like the Sonata, Genesis Coupe and the Santa Fe. The Hyundai logo, a slanted, stylized 'H', is said to be symbolic of two people (the company and customer) shaking hands. Hyundai means "modernity" in Korean.
Another month, another sales record for Hyundai/Kia. At this point, it’s getting tough to expect anything else. Elantra took top honors for the Korean concern last month, as Hyundai USA CEO John Krafcik confirms that sales of the new Sonata and the Santa Fe are both capacity restrained at this point. Krafcik tells Automotive News [sub] that an undisclosed US production capacity increase is in the works, as Hyundai is selling Sonata and Santa Fe faster than they can build them. Soul and Sorento are hitting their stride for Kia as well, with the Soul cresting 8k units last month and the Sorento topping 9k. But perhaps one of the best signs that Hyundai/Kia are in a good place is that only the aging Accent failed to beat its Cash-for-Clunker-driven July 2009 number. We’ll see what happens next month, but further out, Krafcik tells AN [sub] that Hyundai is targeting a 50 MPG fleet average for 2025. Even with no plans to sell pickups in the US, Hyundai’s prospects look bright in this market.
The Korea Times reports that the Seoul Central District court has ordered the union of a subcontractor of Hyundai-Kia to remove a picture from the walls of the union headquarters. A court order? To take down a picture? Why? Read More >
Our Korea-based contributor Walter Foreman already suspected that the new Hyundai Avante might be one of the world’s first mass-market compact car with a self-parking feature (similar systems are offered on the Toyota Prius and Euro-market VW Golf), and this video proves that he was dead right. What’s still not clear is whether self-parking is standard on the new Avante (launching August 2 in Korea), or whether it will be offered when it comes stateside as either the 2011 or 2012 Elantra. This would be the ultimate challenge for such technology, as legal concerns allegedly kept Volkswagen’s pioneering system out of the US. Still, Hyundai had the cojones to equip its mass-market C-segment car with technology that just a few years ago was available only on the Lexus LS. That’s exactly the kind of decision that has Hyundai raising eyebrows across the industry.
No, this has nothing to do with a Hollywood blockbuster… we think the new Avante/Elantra could be the first self-parking mass-market compact car. Take a closer look at the now infamous video clip of men in suits trying to park the next-generation Hyundai Avante. The first 20 seconds clearly show the driver’s hands on the steering wheel. After that however, the audience never gets a clear view of the cockpit. Someone is either obstructing the camera or the scene cuts away. When we do happen to catch a glimpse of the steering wheel (at 00:25 for example), it appears to move on its own. Granted, the driver could be grasping the wheel at the six o’clock position, out of view of the camera, but I think there’s something more to the situation than that.
Once again, Hyundai-Kia have netted another positive year-over-year month, with both brands shattering their June sales records and Hyundai setting a new all-time monthly market share record. Hyundai has been year-over-year positive for 18 months straight now. Most importantly of all, in this weak market, is Hyundai’s claim that
The strength of our new product has driven a 45 percent pure retail sales increase while simultaneously allowing us to reduce incentive spending by about the same amount…While our total sales are up 25 percent calendar year-to-date, our fleet sales are down 21 percent
Please believe, every automaker in the US market wishes they could say that right now. Full numbers after the jump.
With apologies to Robert Burns, the best laid schemes o’ mice an’ marketers gang aft agley. That’s certainly what’s happened to MINI’s plan to race a Porsche 911. Porsche said “no thanks” to MINI’s challenge, which is exactly what MINI was looking for. Then Hyundai had to come in and force MINI out of its underdog status, making it defend itself against a cheaper competitor. And the search for a meaningful race-as-marketing-stunt continues…
Hyundai’s been getting a bit of flack for a version of this advertisement, which some say makes a mockery of the Catholic faith. Frankly, we think the ad after the jump (which may or may not be real) is simultaneously more blasphemous and funnier. Do you agree?
[The top ad is not the most allegedly anti-Catholic version, apparently. We will post the more offensive version as soon as it shows up, naturally] Read More >
In the midst of a nearly 3,000 word InsideLine treatise on the forthcoming Equus and Hyundai’s upmarket intentions in general, Hyundai’s USA boss John Krafcik reveals that the car pictured above very nearly became the Hyundai Genesis. No, really.
There was a lot of internal debate on design direction for Genesis. We used a European design house as an early consultant, and its proposals informed the core design elements of the first approved exterior model, which got as far as the tooling stage. In our industry, when you’ve built tools to stamp the exterior sheet metal, you’ve committed millions of dollars, and so you’re pretty much committed at that stage to bring that design to market. But in the end, we weren’t happy with the design. So we made the right decision (albeit a difficult and expensive one) to redo the exterior with a cleaner, more athletic and more enduring design, homegrown from our own design studio.
With Honda and Toyota suddenly taking hydrogen fuel cells seriously, Hyundai-Kia is jumping on the bandwagon. Byung Ki Ahn, general manager of Hyundai-Kia’s Fuel Cell Group tells Autocar
There are already agreements between car makers such as ourselves and legislators in Europe, North America and Japan to build up to the mass production of fuel cell cars by 2015. Hydrogen production capacity and refuelling infrastructure will be improved. Pilot-scale production of 1000 fuel cell cars a year will begin for us in two years. Our first cars won’t be fully commercialised [they will probably be leased , not bought outright] but they will allow us to make the final stages of development progress before we begin commercial production of around 10,000 hydrogen cars a year in 2015
So much for seeing a Hyundai-branded Ram anytime soon. The company has clarified in a statement [via Reuters] that:
Hyundai Motor Co. denies that there are any current plans to bring a pickup truck of any type into the U.S. now or in the foreseeable future. Hyundai is not in discussion with Chrysler in regard to a selling a rebadged Chrysler Corp pickup truck, or any other vehicle, in the U.S
Which means that Ram will have to overcome a 20-25 percent sales slump over the last year on its own. And Hyundai will have to stick with cars, where it’s killing the competition anyway. Unless it hooks up with the other former Ram-rebadge-wannabe, Nissan. The Japanese brand is reportedly developing both full-size and compact pickups despite having had minimal success moving pickups in volume… a partnership there might benefit both.
Hyundai made a proposal to Chrysler earlier this year under which the U.S. automaker would build a truck for Hyundai based on Chrysler’s Ram truck platform… Chrysler Chief Executive Sergio Marchionne rebuffed Hyundai’s initial approach in February… saying the automaker needs to focus on its established turnaround plans under Fiat SpA. But Hyundai continues to look at truck options and could come back to Chrysler, according to two of those with knowledge of the talks, who were not authorized to discuss the matter because the closed-door discussions were preliminary.
Ram sales were down 23 percent last month, down 20 percent calendar-year-to-date, and down 24.3 percent in rolling 12-month totals. Hyundai is doing just fine without a pickup. Chrysler may have been crazy to turn down a shot at easy volume (that might have gone to Nissan), but Hyundai would be crazier still to ask a second time. After all, Volkswagen’s Chrysler rebadge, the Routan minivan, has sold only 14,580 units in the last 12 months.
Hyundai is riding high. They’re being thought of in the same vein as Honda in terms of quality, the same as Ford in terms of value and the same as Toyota in terms of reliability. So what could be left for Hyundai to do? They want you to think of them as a … Read More >
Since GM Chairman/CEO Ed Whitacre began firing holdover executives, starting with former CEO Fritz Henderson, TTAC has argued that VP for Marketing Susan Docherty is a prime example of a GM lifer who “owes her career to GM’s timid and inept culture.” Having already lost the Sales VP position to GM’s rising star Mark Reuss, “leaving Docherty time to focus on the marketing side and polish up her resumé,” we figured she was on her way out. And sure enough, severalembarrassmentslater, the announcement came today. What we didn’t expect: that former Hyundai “Marketer of the year” Joel Ewanick would replace her.
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