2008 Hyundai Santa Fe Gls Automatic Alloy Wheels 49k Mi Texas Direct Auto on 2040-cars

Auto blog

How Hyundai lost momentum, and will 'take a few years' to recover

SEOUL/DETROIT/CHONGQING, China — At a near-empty Hyundai Motor showroom in the Chinese mega city of Chongqing, the store manager is grumbling about his shortage of customers and a lack of bigger, cheaper SUV models popular in the world's largest auto market. Even with discounting of as much as 25 percent, his dealership was selling barely a hundred vehicles a month, said the manager surnamed Li. A nearby Nissan dealership was selling about 400 vehicles a month, a store manager there said. "The sales are simply poor," Li told Reuters. "Look at the Nissan store next door, they have tens of customers while we just have two." An hour's drive away is Hyundai's massive $1 billion manufacturing plant, which opened last year with a target to produce 300,000 vehicles per year. But with sales weak and the Chinese auto market slowing sharply, the factory is running at roughly 30 percent of capacity, two people with knowledge of the matter said. The sources asked not to be identified because the information was not public. Hyundai, the world's fifth largest automaker, declined to comment on the Chongqing plant's production or the showroom's sales but said it is "closely cooperating" with local partner BAIC to turn around the China business. BAIC did not respond to requests for comment. Hyundai's woes mark a major reversal for the automaker which was an early success story in China as it quickly and cheaply rolled out popular new models into a surging market. In 2009, Hyundai and partner Kia's combined sales ranked third in China after General Motors and Volkswagen. The South Korean duo now ranks ninth, and its market share in China was 4 percent last year, from more than10 percent at the beginning of this decade. Executives and industry experts say Hyundai conceded its once stronghold in the low-end segment to fast-growing Chinese rivals such as Geely and BYD. Foreign rivals not only defended their turf in premium segments but also kept pricing competitive for mass-market models, squeezing Hyundai's positioning as an affordable foreign brand, they said. In the United States, the world's second-biggest auto market, Hyundai's market share fell to 4 percent last year, near a decade low. Hyundai ran into problems in China and the United States for similar reasons: It missed shifts in consumer tastes, especially the surge in demand for SUVs, and it sought higher prices than its brand image could command, four Chinese dealers and half a dozen former and current U.S.

2018 Hyundai Kona pricing announced: Compact SUV starts at $20,385

We've already had a brief first drive in the 2018 Hyundai Kona, and although associate editor Reese Counts didn't get a lot of time behind the wheel, he walked away generally impressed. The surprisingly sharp driving dynamics and interior quality were especially noteworthy. Here's everything we know about the U.S.-spec Kona. We still need a far more thorough drive of Hyundai's new sub-compact SUV, but at least we know how much one will set you back. Pricing starts at $20,385, including $885 destination, for the base front-wheel-drive SE trim level. That trim, along with the SEL, come with a 2.0-liter naturally aspirated four-cylinder engine and a six-speed automatic. The Limited and Ultimate get a 1.6-liter turbocharged four-cylinder and a seven-speed dual-clutch automated manual. Pricing for the entire lineup is below. The 2018 Hyundai Kona goes on sale in March. All prices include $885 destination charge. SE FWD: $20,385 SEL FWD: $22,035 SEL FWD w/ Contrast Roof: $22,185 Limited FWD: $25,585 Ultimate FWD: $29,585 Adding all-wheel drive adds $1,300 to each price. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery 2018 Hyundai Kona - U.S. Spec View 34 Photos Hyundai SUV hyundai kona

Hyundai's next fuel cell SUVs have a reported range of 348 miles

Hyundai's next line of fuel cell SUVs will have a range of 348 miles, besting the current Hyundai Tucson by 30 percent, according to Nikkei. Hyundai reportedly plans to roll out its second generation of fuel cell SUVs in January 2018. A 348-mile range would put Hyundai ahead of the Toyota Mirai, which travels 312 miles per fill-up, but behind Honda's new Clarity Fuel Cell, which travels 366 miles, as MotorTrend points out. Hyundai is apparently looking to price the 2018 fuel cell SUVs at about $50,000 a pop. Additionally, Hyundai is set to debut its fuel cell-powered commercial bus in 2017, putting it in direct competition with Toyota, which has plans to do the same, Nikkei says.Hyundai is also preparing to release its first all-electric vehicle, the Ioniq, in the United States next year. That model comes in fully electric, plug-in and gasoline-hybrid versions. Take a look at it in photos or, if you're in Los Angeles, take a free two-hour spin in a branded Ioniq via the WaiveCar ridesharing app. This article by Jessica Conditt originally ran on Engadget , the definitive guide to this connected life. Related Video: News Source: NikkeiImage Credit: Jae C. Hong / AP Green Hyundai Crossover Hydrogen Cars hyundai tucson tucson