Sign in to follow this  
William Maley

Sales: July 2012 - Hyundai

2 posts in this topic

William Maley    405

HYUNDAI MOTOR AMERICA REPORTS RECORD JULY SALES

  • Newly launched Elantra GT and Elantra Coupe push Elantra sales up 22 percent

COSTA MESA, Calif., August 1, 2012 – Hyundai Motor America announced an all-time July sales record of 62,021 units, up four percent over last year’s all-time July record and up 9.5 percent, year-to-date.

“July was another solid month for Hyundai with surging consumer demand dampened a bit by ongoing shortages of core products like Accent, Elantra, and Sonata. Our 27 day supply of vehicles is lowest of all brands and less than half of industry average inventory levels,” said Dave Zuchowski, executive vice president of sales. “This is a challenging situation in this hyper-competitive retail environment, so we are looking forward to August with great anticipation. Relief is definitely on the way with the first shipments of our all-new Santa Fe, built in West Point, Georgia, heading to dealers now and improved availability of recently launched and red hot Veloster Turbo, Elantra GT and Elantra Coupe.”

The all-new Azera continued its strong sales pace resulting in an incredible 578 percent gain over last July. The Elantra family and Tucson saw sales gains of 22 percent and 17 percent, respectively, over the same period a year ago. Hyundai fleet sales and mix remained relatively low at 12 percent mix for the month and a 9.7 percent mix year-to-date, among the lowest in the industry.

In keeping with its industry-leading fuel efficiency status, Hyundai achieved a corporate average fuel economy level of 37.1 (EPA estimated 28 MPG window label value) in July, while selling 23,517 vehicles (38 percent of total sales) with EPA estimated 40 MPG window label highway fuel economy ratings.

“With the imminent addition of the third shift at our plant in Alabama increasing Elantra and Sonata production, and the launch of the new Santa Fe in Georgia underway right now, we’ll be better able to meet demand for our core products in the coming months,” said John Krafcik president and CEO of Hyundai Motor America.

Click here to view the article

Share this post


Link to post
Share on other sites

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoticons maximum are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  



  • Similar Content

    • By William Maley
      The head of Hyundai's N performance division, Albert Biermann said luxury automakers are too focused pm technology that doesn’t give value to customers.
      “It’s all marketing, first of all. “How many people really buy it later on? Much of this exists for media, to give a hype, to show the technology level. But how many people really buy it later on?" said Biermann to Australian outlet Drive.
      “If the tech will fail, you’re just adding the burden to the buyer, right?”
      We can assume some of the tech Biermann is referring to are things like gesture controls for the infotainment system or perfume diffusers. Biermann also brought up the example of a camera that looks at the road and makes adjustments to the suspension, calling it stupid.
      “In our G90 you will not find any air suspension, or active roll-bars, or active whatever. A camera sensing the road, and this stuff. It’s stupid. We have a solid Hyundai steel platform, tonnes of high-strength steel – okay, it’s a little bit heavier than the other cars – and we have adjustable shock absorbers, and that’s it. We still outpace the S-Class in the double lane-change in the Consumer Reports. We almost beat the BMW, without all the fancy stuff,” said Biermann.
      Biermann explained that Genesis will be focusing on simple technologies to make them reliable. He said Hyundai's chairman, Chung Mong-koo said he wants all Hyundai and Genesis models to be “like new” after a decade on the road.
      On one hand, Biermann has a point. Luxury cars are notorious for being expensive to keep on the road, partly due to all the technology equipment fitted to them. On the other hand, those technologies are a big selling point on these vehicles. Buyers use these to justify the price and they are a cool party trick to show to friends and family.
      Source: Drive.com.au

      View full article
    • By William Maley
      The head of Hyundai's N performance division, Albert Biermann said luxury automakers are too focused pm technology that doesn’t give value to customers.
      “It’s all marketing, first of all. “How many people really buy it later on? Much of this exists for media, to give a hype, to show the technology level. But how many people really buy it later on?" said Biermann to Australian outlet Drive.
      “If the tech will fail, you’re just adding the burden to the buyer, right?”
      We can assume some of the tech Biermann is referring to are things like gesture controls for the infotainment system or perfume diffusers. Biermann also brought up the example of a camera that looks at the road and makes adjustments to the suspension, calling it stupid.
      “In our G90 you will not find any air suspension, or active roll-bars, or active whatever. A camera sensing the road, and this stuff. It’s stupid. We have a solid Hyundai steel platform, tonnes of high-strength steel – okay, it’s a little bit heavier than the other cars – and we have adjustable shock absorbers, and that’s it. We still outpace the S-Class in the double lane-change in the Consumer Reports. We almost beat the BMW, without all the fancy stuff,” said Biermann.
      Biermann explained that Genesis will be focusing on simple technologies to make them reliable. He said Hyundai's chairman, Chung Mong-koo said he wants all Hyundai and Genesis models to be “like new” after a decade on the road.
      On one hand, Biermann has a point. Luxury cars are notorious for being expensive to keep on the road, partly due to all the technology equipment fitted to them. On the other hand, those technologies are a big selling point on these vehicles. Buyers use these to justify the price and they are a cool party trick to show to friends and family.
      Source: Drive.com.au
    • By William Maley
      Trying to figure what is going with Fiat Chrysler Automobiles and Jeep could be a full-time job. This week has seen Chinese Automaker Great Wall announce its intentions of possibly buying Jeep from FCA, before backtracking on that a day later. Then rumors surfaced that FCA is considering spinning off Maserati and Alfa Romeo, along with its components operations. Now there is another twist.
      According to a report from Bloomberg, FCA believes Jeep could sell as many vehicles as a standalone automaker thanks to the increased demand for SUVs. The company forecasts that Jeep's annual sales will rise 30 percent to two million next year. FCA CEO Sergio Marchionne told analysts that the brand could deliver up to seven million vehicles a year if demand for SUVs keeps rising. 
      But for Jeep to reach that ambitious sales goal, they would need to have their lineup (including the new Wrangler, Wagoneer, Grand Wagoneer) to sell 50 percent more vehicles than what FCA delivered last year.
      “It seems pretty pie-in-the-sky at this point,” said Richard Hilgert, an autos analyst at Morningstar.
      Hilgert does also note most observers thought it was crazy that Jeep could expand to 2 million in annual sales by 2018 - something that is likely to happen.
      Marchionne also talked about why it would be a bad idea to split Jeep away from FCA.
      “We do need to worry about the stump that’s left behind,” Marchionne said.
      “If we start picking away all the things that appear to be interesting to people, then I think we’re going to end up with a sub-optimal business that cannot run.”
      It should be noted that only a few months ago, Marchionne floated the idea of spinning off Jeep.
      Source: Bloomberg

      View full article
    • By William Maley
      Trying to figure what is going with Fiat Chrysler Automobiles and Jeep could be a full-time job. This week has seen Chinese Automaker Great Wall announce its intentions of possibly buying Jeep from FCA, before backtracking on that a day later. Then rumors surfaced that FCA is considering spinning off Maserati and Alfa Romeo, along with its components operations. Now there is another twist.
      According to a report from Bloomberg, FCA believes Jeep could sell as many vehicles as a standalone automaker thanks to the increased demand for SUVs. The company forecasts that Jeep's annual sales will rise 30 percent to two million next year. FCA CEO Sergio Marchionne told analysts that the brand could deliver up to seven million vehicles a year if demand for SUVs keeps rising. 
      But for Jeep to reach that ambitious sales goal, they would need to have their lineup (including the new Wrangler, Wagoneer, Grand Wagoneer) to sell 50 percent more vehicles than what FCA delivered last year.
      “It seems pretty pie-in-the-sky at this point,” said Richard Hilgert, an autos analyst at Morningstar.
      Hilgert does also note most observers thought it was crazy that Jeep could expand to 2 million in annual sales by 2018 - something that is likely to happen.
      Marchionne also talked about why it would be a bad idea to split Jeep away from FCA.
      “We do need to worry about the stump that’s left behind,” Marchionne said.
      “If we start picking away all the things that appear to be interesting to people, then I think we’re going to end up with a sub-optimal business that cannot run.”
      It should be noted that only a few months ago, Marchionne floated the idea of spinning off Jeep.
      Source: Bloomberg
    • By William Maley
      At the 2015 Detroit Auto Show, Hyundai unveiled the Santa Cruz pickup concept. It was well received by the media and attendees to the show that Hyundai started making plans to possibly launch this truck, though the Korean home office had cold feet about this project. Much has changed since the debut of the Santa Cruz concept. Hyundai's sales have been falling as consumers are flocking to the likes of crossovers, SUVs, and trucks. So far in 2017, Hyundai has seen sales fall 11 percent.
      Michael J. O’Brien, Hyundai's Vice President of Corporate and Product Planning in the U.S. tells Reuters that the company's top brass has finally given the green light for the pickup project. It is expected to be similar to the Santa Cruz concept and will likely be based on one of Hyundai's crossovers. A timeframe for when would see the truck was not given.
      The truck is part of broader plan to get Hyundai back on track in the U.S. According to sources, Hyundai is planning to launch a new Santa Fe Sport next year, followed by a replacement for the three-row Santa Fe in 2019, and ending with an all-new Tucson in 2020. 
      Source: Reuters

      View full article
  • My Clubs

  • Who's Online (See full list)