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Genesis cars win accolades, offer value — so why are sales so bad?

My high-school buddy Brent Cormier was so smitten with the Genesis G80 when he saw it at an event I hosted at SXSW in 2016 he bought a used 2013 Hyundai Genesis a short time later and fell in love with the car. "It surpasses my every expectation," said Cormier, a self-described "renaissance man" who owns and runs a real estate agency with his wife Laura, is a food service executive chef and part owner of Austin-based Thin the Herd Guitars. "I was locked into Mercedes and Audi for 10 years," he added. "And felt trapped in an endless pit of maintenance costs." After owning the Genesis over the past two years — including using it as an Uber and Lyft driver to earn extra cash — Cormier learned what some frugal luxury sedan buyers and a handful of car reviewers have discovered: Genesis offers great bang for the buck compared to other premium brands and can compete with the best in terms of performance, features and comfort. Hyundai's luxury brand also earned a prominent third-party endorsement last week when for the first time Genesis topped J.D. Power's 2018 APEAL study, surpassing German luxury-performance icon Porsche. The APEAL study (which stands for Automotive Performance, Execution and Layout) "measures owners' emotional attachment and level of excitement across 77 attributes," ranging from performance to comfort, and asks nearly 68,000 owners of new 2018 models to score vehicles on a 1,000-point scale. In its second year ranked as a stand-alone brand, Genesis earned an APEAL score that bumped it up 15 points to 884 and helped push it past Porsche — and past BMW, Lincoln, Mercedes-Benz, Audi, Volvo, Cadillac, Land Rover and Lexus, in order of ranking. Last month, Genesis also topped J.D. Power's Initial Quality Survey (IQS) for the first time this year. And both its models were awarded Top Safety Pick Plus ratings by the Insurance Institute for Highway Safety, among 11 Plus ratings in all for Korean vehicles. Despite high J.D. Power rankings and great reviews, Genesis U.S. sales were off 50 percent for the first six months of 2018 compared to 2017, and in June Genesis sold only 796 vehicles — the first time U.S. numbers dropped below 1,000 in a month. Part of Genesis's APEAL and IQS success can be attributed to its small product lineup: just two models, the G80 and G90 sedans, with a third, the 2019 G70, launching later this year. And while those numbers may help in J.D.

Patrick Dempsey to take break from racing after career season

The popular American actor has decided to take a step back from racing to focus on his "family and acting career." Outside of motorsports, Dempsey's tenure on the hit TV show Grey's Anatomy as Derek Shepherd ended last year, as did his 16-year marriage to makeup artist Jillian Fink. They have since reconciled. Reaching the top step of the podium During that same year, Dempsey finally reached the top step of the podium in his professional sports car racing career, winning the Fuji round of the 2015 FIA World Endurance Championship. Earlier in the season, he placed second in class in the prestigious 24 Hours of Le Mans endurance classic. His Dempsey-Proton Racing Porsche squad ended 2015 sixth in the GTE-Am standings. Along with four starts at Le Mans between 2009 and 2015, Dempsey competed in a total of 68 races between Grand-Am, ALMS and the recently formed hybrid of the two -- The IMSA WeatherTech SportsCar championship. He scored nine podiums, which includes high profile races such as the Rolex 24, Sebring 12 Hours and Petit Le Mans at Road Atlanta. Patrick Dempsey to focus on "family and acting" in 2016 But he will not add on to his growing racing resume this year. Dempsey has released a statement, announcing that he will not compete in any events this season, although his team will continue to do so. My motorsports journey has been a rewarding one and allowed me to meet so many interesting people. While the focus so often is the performance of the car, in reality it is all the various personalities, from team mates to competitors to officials to fans that I remember the most. I have loved being part of part of different teams and sharing the experience with so many great friends. I want to thank everyone who made this possible and helped me along the way. I also wanted to especially thank the fans for their support and friendship. None of this would happen without you buying the tickets and attending the races, so I am grateful for that investment in my passion. It makes me especially happy to see how many people have become race fans during my racing career. At this point in my life, after an amazing season thanks to my friends at Porsche and TAG Huer, I need to take a step back and focus on both my family and my acting career. Dempsey-Proton Racing will continue on racing a Porsche 911 RSR in the World Endurance Championship season. I hope my schedule permits me to enjoy some race weekends at least as a team owner.

Dealers mobilize to protect their margins from automaker subscription services

Six individual auto brands — Lincoln, Cadillac, Porsche, Mercedes, BMW and Volvo — have established or are trialing a vehicle subscription service in the U.S. Three third-party companies — Flexdrive, Clutch and Carma — run brand-agnostic subscription services. And three automakers — Mercedes-Benz, BMW, and General Motors — have also launched short-term rental services. Dealers, afraid of how these trends might affect their margins, are building political and lawmaking campaigns to protect their revenue streams. So far, three states are investigating automaker subscriptions, and Indiana has banned any such service until next year. It's certain that those three states are the first fronts in a long political and legal battle. Powerful dealer franchise laws mandate the existence of dealers and restrict how automakers are allowed to interact with customers to sell a vehicle. On top of that, Bob Reisner, CEO of Nassau Business Funding & Services, said, "Dealers and their associations are among the strongest political operators in many states. They as a group are difficult for state politicians to vote against." In California earlier this year, the state Assembly debated a bill with wide-ranging provisions to protect against what the California New Car Dealers Association called "inappropriate treatment of dealers by manufacturers." One of those provisions stipulated that subscription services need to go through dealers, but that item got stripped out when dealers and manufacturers agreed to discuss the matter further. In Indiana, Gov. Eric Holcomb signed a moratorium on all subscription programs by dealers or manufacturers until May 1, 2019, to give legislators more time to investigate. Dealers in New Jersey have taken their campaign to the state capitol, asking that the cars in subscription programs get a different classification for registration purposes. Automakers run the current subscription services and own the vehicles. Sign-ups and financial transactions happen online or through apps, leaving dealers to do little more than act as fulfillment centers to various degrees, with little legal recourse as to compensation amounts when they're called on to deliver or service a car. That's a bad base to build on for business owners who've sunk millions of dollars into their operations.