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New car sales will jump 6% Y/Y in June to 1.363M units, according to Kelley Blue Book. The...

New car sales will jump 6% Y/Y in June to 1.363M units, according to Kelley Blue Book. The estimate increases to 10.1% after adjusting for one fewer selling day during the month. The seasonally adjusted annual rate (SAAR) for the month is 15.5M based on the Kelley forecast. Sales estimates by automaker: Nissan (NSANY.OB) +14.9%; Ford (F) +13.4%; Chrysler (FIATY.PK) +7.7%; Honda (HMC) +6.6%; Volkswagen (VLKAY.PK) +5.8%, Toyota (TM) +3.5%; General Motors (GM) +1.3%, Hyundai (HYMLF.PK)-Kia -3.6%.
Comments (4)
  • Great news for all
    26 Jun 2013, 07:31 AM Reply Like
  • Hyandai have been making progress for many years, but it's come to a grinding halt, what is happening? Much has been said of Nissan and their pricing due to the yen devaluation. Has it been at Hyandai's expence and how will they respond?
    26 Jun 2013, 08:37 AM Reply Like
  • Maybe there is a finite market for Hyundai in America. It was originally a "cheap Honda", purchased as entry-level transportation for young lower-middle class families enduring recessions and irregular employment. Those early Hyundais had some funky style, but were notoriously bottom-rung on quality, barely better than a Yugo. But there was a sizeable market for cheap, simple, entry level new cars with a reasonable warranty, in spite of low perceived quality and occasional glitches that the owners tolerated. If the side window stopped going up and down, no big woop - ya deal with it or work around it.

     

    Now Hyundai is stepping into the lucrative but fussy Toyota Camry upper-middle class market, with higher quality, and notable higher price points. Former Hyundai owners who were fans of the originals are buying in, now that they can afford better, and they are liking it. But those who never really got into the whole Hyundai thing, and those that hated their old one, are not particularly impressed, and perhaps the lineup is falling just short of reaching critical mass in the new upscale midsize marketplace.

     

    The leaders in the market growth are usually there due to great looking, popular new and refreshed products, arriving just in time in this case for the emergence from the recession and deep unemployment levels and high debt and poor credit. Meanwhile Hyundai has been notorious for copying their competitor's general styling on new vehicles, and rushing their new products into production to show up in the marketplace months earlier than the competition. it doesn't seem to be working at the moment, as Americans seem to be attracted to the All-American Brands again, such as they are...
    26 Jun 2013, 11:51 AM Reply Like
  • Americans are attractive to US brands simply because American car manufacturers have finally gotten the message that Quality counts and are finally building good cars at good prices and Ford is in the lead.
    26 Jun 2013, 01:28 PM Reply Like
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