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The headlines for Hyundai Motor America's 2016 sales results were the kind any automaker would be proud of: Despite a car-heavy lineup, tight crossover supplies and thin incentive support, Hyundai and the new Genesis brand combined for a seventh consecutive year of record sales. But how Hyundai got there raises questions about the brand's sales tactics and its prospects heading into a softening market, including whether it relies too heavily on sales to rental agencies and to dealerships themselves, dealers and people familiar with Hyundai's sales operations say. The str...
While McLaren is truly happy with its sales and doesn’t plan on switching to the SUV market, Audi is already thinking of adding more sport utility vehicles to its U.S. lineup. The carmaker revealed that it still has niches and segments which might bring to better sales in US. Crosssovers will be a major part of Audi’s U.S. lineup and Audi is pushing to add their own full-size Mercedes-Benz GLS-Class rival since there is demand in this side of the Atlantic for an SUV that large. As for sedans, every automaker, Audi isn’t seeing the same kind of sales numbers a...
Hyundai USA and its smaller affiliate Kia Motors revealed their US sales and it turns out that even though their sales in China plunged 65%, the situation was a bit different here in US. Their combined sales in the U.S. market fell 1.9 percent in April and 11.5 percent in May, continuing on the downward spiral. According to the data compiled by Hyundai Motor America and Kia Motors America on June 2, the combined U.S. sales of Hyundai-Kia Motors in May decreased 11.5 percent on-year to 118,518 units. By brand, Hyundai Motor sold a total of 60,011 units in the U.S. last month, do...
Automakers are expected to report flat US car sales in May vs. a year earlier after demand fell in the first four months of 2017. Smaller and crossover SUVs are expected to offset continued weakness in cars, with General Motors likely to be the biggest beneficiary. Fiat Chrysler and Ford Motor are likely to see new-vehicle sales fall. Japanese automakers such as Honda should eke out tiny gains while South Korea's Hyundai-Kia, with far more cars in the vehicle mix, could see the biggest drop. Tesla does not provide monthly sales figures. Tesla will soon start rolling out its mass-market Mod...
Tomorrow the U.S. May auto sales will get revealed by the automakers, but before that here’s what specialists forecast. Expect the car sales to edge up 0.2% in May to 1.525M units. Sales for mid-size SUVs/crossovers are expected to jump 10%, while compact and mid-size car sales are seen dropping. Retail numbers for May are expected to finish strong, however they continue to be supported by considerable incentives and lease subvention. In recent months, leasing appears to be reaching its peak, which is expected, given declining residual values and which is contributing to this ...
