Stronger Hyundai, Kia aren't likely to fade soon

Discussion in 'Kia' started by ALS, Nov 15, 2009.

  1. ALS

    ALS Super Moderator Staff Member

    [​IMG] "The people who are most concerned about Hyundai are not the (U.S.) domestic automakers, but Toyota and Honda

    [FIMG=RIGHT]http://www.cleanmpg.com/photos/data/501/2010_Kia_Forte.jpg[/FIMG]Mark Phelan - FREEP - November 15, 2009

    Competition always breeds excellence --Ed.

    Anybody who dismisses Hyundai's recent success as a cash-for-clunkers-fueled aberration is in for a rude surprise in 2010.

    Hyundai is virtually alone in selling more cars in recession-ravaged 2009 than in 2008. Driven by smart marketing and strong new vehicles, Hyundai's 2009 sales are up 4% versus this time last year. The Korean automaker's second brand, Kia, is riding a similar wave, with sales up 6.7%.

    No other manufacturer comes close to that performance. Chrysler, Ford, General Motors, Honda, Nissan and Toyota have all seen their 2009 sales fall from 20% to 39%.

    Hyundai benefited greatly from the cash-for-clunkers program, but its performance grew from several basic strengths. Barring disaster, Hyundai and Kia are in the big time to stay.

    "They've made very substantial gains in styling and even bigger ones in quality and reliability," said Joe Phillippi, principal of AutoTrends Consulting, Short Hills, N.J.

    Trouble for Toyota, Honda

    The South Korean giant will amp up its challenge to Toyota to be the leading Asia-based automaker with a handful of key new models in 2010.

    "Hyundai is now the equal of the top Japanese companies," said Aaron Bragman, research analyst in the Troy office of IHS Global Insight.... [RM]http://www.freep.com/article/20091115/COL14/911150498/1331/business01/Stronger-Hyundai-Kia-arent-likely-to-fade-soon?GID=BK7laoyDhHfNTsk8yAsPlZD1C69XrERJwxEN7tQsXmc%3D[/RM]
     
    Last edited by a moderator: Nov 15, 2009
  2. Ophbalance

    Ophbalance Administrator Staff Member

    Yay... now bring me an affordable "new off the lot everyman hyrbid" and I'll be ecstatic.
     
  3. SentraSE-R

    SentraSE-R Pishtaco

    Hyundai/Kia offer solid quality at low prices. I wish they offered safety in their smaller Accent/Rio models, and technological advancements like DFCO and hybrids.
     
  4. JusBringIt

    JusBringIt Be Inspired

    So far they have plans to enter the hybrid market with blue drive. They're currently "assessing" market conditions, but possibly by 2011 they'll have a hybrid stateside. 7k miles on the Kia soul and my fiance has not had one issue....well...the key got stuck twice, but that's as far as any difficulty. The interior scratches easily, but other than that, it's been a fun car to drive, comfortable and problem free!
     
    Last edited: Nov 15, 2009
  5. 99LeCouch

    99LeCouch Well-Known Member

    It took people a while to realize Hyundai cars aren't the jokes they were 20 years ago. You could tell they were making a comeback even 10 years ago. It just took another 10 years for perceptions to catch up with reality.

    GM and Chrysler have a long way to go for that to happen for them.
     

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