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Why BMWs are cheaper than Hyundais in Korea

Bloomberg reports shifting tariff regulations have upended the traditional automotive pecking order in Korea. Thanks to cheaper import taxes, foreign brands have seen market share jump from 28 percent to 41 percent over the last two years. BMW, Mercedes-Benz and Audi have all capitalized on the shift, with domestics like Hyundai and Kia suffering at the hands of their German rivals.
Taxes on European imports have fallen from 8 percent in 2011 to just 3.2 percent today. Over the next few years, tariffs will all but be eliminated for most imports, and taxes on US-made vehicles are expected to fall to just 4 percent in 2014. By 2016, that number will be zero. Needless to say, Hyundai and Kia are concerned about the shift.
Hyundai has seen profit fall by 15 percent last quarter, and the company says it is on pace to see the slowest sales growth since 2007. The company's shares have fallen by 12 percent. In order to stem the losses, Hyundai has discounted its midsize sedans and started working on diesel engine options.

Vaccar Hyundai Tucson Sport to be shown at SEMA

Hyundai will display a custom concept version of its Tucson Sport developed by Vaccar at the SEMA show in Las Vegas, showing a more muscular-looking crossover that contains a full aero kit and significant additions to the powertrain, design, infotainment and suspension. The concept enhances the Sport, the third-highest of four trim options for 2017, by adding a Boostec turbocharger, AEM air intake system and charge pipe kit, a Mishimoto G-Line intercooler, new piping and exhaust, and other elements to the standard turbocharged 1.6-liter, inline-four engine. It also gets forged wheels, new tires, and Vaccar-Power Stop front and rear Z23 Evolution brakes. The exterior gets a blue and silver metallic two-tone paint treatment from BASF, an M&S mesh front grille and Vaccar front lip, side skirts and rear diffuser. Interior features include Katzkin ice grey leather, 9-inch headrest-mounted LCD screens, and an Android-powered 9-inch head unit with WiFi. "The Vaccar Tucson Sport Concept takes the Tucson far beyond its OEM roots without sacrificing reliability," said Aaron Vaccar, president of Vaccar. "By building upon the well-developed Tucson platform, powertrain and design, we've given enthusiasts a vision of just where this affordable crossover aspires to go." SEMA runs from Oct. 31 to Nov. 3.Related Video: Featured Gallery Vaccar Hyundai Tucson Sport Concept: SEMA 2017 View 9 Photos Image Credit: Live photos copyright 2017 Drew Phillips / Autoblog.com SEMA Show Hyundai Crossover Concept Cars hyundai tucson

Hyundai reveals new Sonata Hybrid in Seoul

The wraps are off Hyundai's next-generation Sonata Hybrid after an unveiling in Seoul, South Korea, and the latest model brings an improved powertrain and slight styling tweaks. In the Korean domestic market, the Sonata Hybrid relies upon a 2.0-liter, four-cylinder gas engine producing 154 horsepower and 140 pound-feet of torque with a 51-hp electric motor providing the rest of the thrust. Hyundai isn't revealing net system output at the moment, and it isn't saying whether we will get this powertrain in the US yet. Company spokesperson Jim Trainor tells Autoblog that those details will likely be announced at the model's North American debut at Detroit Auto Show in January. Sales are expected to begin in the spring. In addition to the upgraded engine, there's an improved six-speed automatic that houses most of the hybrid components and uses a new clutch to reduce drag. The switch to an electric oil pump also removes some inefficiencies, and the battery pack underneath the trunk has been enlarged to 1.62 kilowatt hours, up from 1.43 kWh. Despite the capacity increase, Hyundai claims there's 10.5 percent more cargo room back there. The Sonata's design gets a slight rethink to improve fuel economy, too. Up front, the redone nose features a new mesh grille in a more rectilinear frame, and out back, there's a set of unique taillamps, a lip spoiler and a unique rear diffuser to go along with the full underbody cover that only the pavement sees. If anything, the new hybrid model looks more traditional to our eyes than the standard gas-powered Sonata, which comes as something of a surprise, especially as the previous-generation Sonata Hybrid was markedly more futuristic and divisive in its appearance. In any case, we expect the looks to remain largely the same for the US version, which will likely arrive wearing a 2016 model-year designation. All of the upgrades, boost fuel economy to 18.2 kilometers per liter on the Korean cycle, the equivalent of about 42.8 miles per gallon. Comparatively, the current Sonata Hybrid in Korea is rated at 16.8 km/l (39.5 mpg). Hyundai will also make a big expansion to its electrified slate next year. In addition to the standard Sonata Hybrid, a plug-in version will come later in 2015 – the automaker's first. More details will arrive about the model in Detroit.