Hyundai Motor Co., Ltd.(HYMLF)- Grey Market
  • Fri, Sep. 16, 8:02 AM
    • A Toyota Mirai covered 1,438 miles over a 24-hour period in a test run of the fuel-cell-electric model in California. The mark is believed to be a record for an electric car.
    • The Toyota (NYSE:TM) sportscar was refilled during the adventure in four-minute stops at hydrogen charging points.
    • "The point has been made that an electric car can do everything that a gasoline car can do, but with zero emissions," says First Element Fuel CEO Joel Ewanick.
    • First Element is the parent company of the True Zero hydrogen station network in California.
    • The Toyota Mirai is the highest profile hydrogen car currently on the market (California and Japan), while hydrogen introductions by Hyundai (OTC:HYMLF) and Mercedes-Benz (OTCPK:DDAIF) are expected in 2017.
    | Fri, Sep. 16, 8:02 AM | 9 Comments
  • Thu, Sep. 15, 1:01 PM
    • Hyundai (OTC:HYMLF) recalls 41K vehicles in the U.S. to address a software issue that could impact acceleration from a stopped position.
    • The recall action covers model year 2016 Tucson SUVs made between May 20, 2015 to May 31, 2016.
    • Official NHTSA recall notice (.pdf)
    | Thu, Sep. 15, 1:01 PM
  • Thu, Sep. 15, 8:04 AM
    • Kia (OTC:HYMLF) car registrations +16.3% to 26,787 units in August, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +10.0% Y/Y to 819,126 units in August, led by strong growth in Italy and Spain. Registrations were up 8% in Germany and 3% in the U.K.
    • Kia market share: 3.1% vs. 2.9% a year ago.
    • Kia YTD registrations +14.8%.
    • Results don't include the Hyundai brand.
    • EAMA release (.pdf)
    | Thu, Sep. 15, 8:04 AM
  • Thu, Sep. 15, 8:00 AM
    • Hyundai (OTC:HYMLF) car registrations +10.2% to 30,827 units in August, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +10.0% Y/Y to 819,126 units in August, led by strong growth in Italy and Spain. Registrations were up 8% in Germany and 3% in the U.K.
    • Hyundai market share: 3.6% vs. 3.6% a year ago.
    • Hyundai YTD registrations +9.4%.
    • Results don't include the Kia brand.
    • EAMA release (.pdf)
    | Thu, Sep. 15, 8:00 AM
  • Thu, Sep. 1, 1:28 PM
    • Hyundai (OTC:HYMLF) unit sales flat at 72,015.
    • The automaker saw strong demand for the Santa Fe (+69%), Santa Fe Sport (+21%), and Tucson (+15%) models during the month.
    • YTD Hyundai sales +1.4% to 521,078 units.
    | Thu, Sep. 1, 1:28 PM
  • Wed, Aug. 31, 10:26 AM
    • U.S. auto sales are expected to show a decline of 2% to 5% for August amid a dialing back of discounting activity, according to the range of forecasts from Kelley Blue Book, Edmunds, J.D. Power, and LMC Automotive. General Motors  is poised to report a loss of market share as its plan to cut out fleet sales impacts volume.
    • Bloomberg estimates the seasonally adjusted selling rate for the month will be 17.2M, down from 17.9M last month.
    • The sales dip isn't necessarily a bottom line drag for the sector due to reduced discounting and the increasing mix of higher-profit SUVs and trucks. But higher profit hasn't lifted automaker stocks this year, with the group having trouble gaining traction and trading with low forward PE multiples (GM 5.5, Ford 6.8, Honda 10.5, Toyota 10.9).
    • Auto parts stocks (LEA, TEN, BWA, DAN, MPAA, CPS, DLPH, AXL, TOWR, ACW, FENX, MTOR, THRM, SMP, ALV, MOD, SRI) will be on watch tomorrow when the reports roll in as the sector frequently sees some extra volatility on days U.S. auto sales are disclosed.
    • Related stocks: GM, FCAU, F, TM, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTCPK:BMWYY, OTCPK:DDAIF, TSLA, OTCPK:MZDAY,  TSLA, OTC:HYMLF, OTCPK:FUJHY, RACE.
    | Wed, Aug. 31, 10:26 AM | 66 Comments
  • Mon, Aug. 29, 1:06 PM
    • Hyundai (OTC:HYMLF) workers in South Korea rejected a wage agreement struck between management and union leaders.
    • 78% of the South Korean automaker's workers rejected the tentative deal that only included a 58K won ($51) increase in monthly wages.
    • Hyundai could face more strikes due to the labor unrest.
    • Shares of Hyundai fell 1.11% in trading in Seoul today.
    | Mon, Aug. 29, 1:06 PM
  • Fri, Aug. 26, 9:43 AM
    • Edmunds.com projects new car sales in the U.S. will increase in August to 1,553,508 units, up 1.1% M/M and down 2.5% Y/Y. The mark is high enough to keep the U.S. auto industry on pace for a record year by volume.
    • Forecasts by major manufacturers are posted below.
    • General Motors (NYSE:GM): -5.7% Y/Y to 255.151K units, market share of 16.6%.
    • Toyota (NYSE:TM): +1.9% to 218.237K units, market share 14.2%.
    • Ford (NYSE:F): -9.8% to 210.923K, market share of 13.8%.
    • Fiat Chrysler Automobiles (NYSE:FCAU): +0.6% to 202.783K units, market share of 13.2%.
    • Honda (NYSE:HMC): +2.5% to 159.309K units, market share 10.4%.
    • Hyundai/Kia (OTC:HYMLF): +1.2% to 132.475K, market share 8.6%.
    • Nissan (OTCPK:NSANY): -1.5% to 131.3579K units, market share 8.6%.
    • Volkswagen/Audi (OTCPK:VLKAY): -8.7% to 46.68K, market share 3.0%.
    | Fri, Aug. 26, 9:43 AM | 20 Comments
  • Mon, Aug. 22, 2:51 PM
    • Tesla Motors (TSLA -0.8%) is taking preorders for the Model S, Model X, and Model 3 in South Korea, according to The Korea Times.
    • The company is expected to have retail locations open by the end of the year, although consumers can already reserve their slots for test drives.
    • The South Korean EV market is starting to get more backing with infrastructure buildout and tax incentives both in the mix. Tesla will compete with domestic producer Hyundai (OTC:HYMLF) which is the dominant seller in the nation (~67% market share including the Kia brand).
    | Mon, Aug. 22, 2:51 PM | 71 Comments
  • Mon, Aug. 22, 9:03 AM
    • Amazon Prime members in the Los Angeles area can have a Hyundai (OTC:HYMLF) Elantra brought to them for a test drive in a new promotion.
    • It's one of the first attempts of the on-demand test drive concept in the U.S. and an intriguing push by Amazon (NASDAQ:AMZN) to see if it could shake things up in the automobile industry.
    • The company is well-positioned to be used as a selling channel with 63M members now signed up for Prime.
    • Last week, Hyundai announced that it would feature Amazon Alexa in its luxury Genesis model.
    • Related auto stocks: GM, F, TM, FCAU, HMC, OTCPK:NSANY, TSLA, OTCPK:VLKAY, OTCPK:DDAIF, OTC:HYMLF, BAMXY, TTM, TSLA, AN, KMX, SONC.
    • Hyundai press release
    | Mon, Aug. 22, 9:03 AM | 21 Comments
  • Tue, Aug. 2, 1:58 PM
    • Hyundai (OTC:HYMLF) unit sales +5.6% to 75,003.
    • Elantra sales -6.8% to 20,629 units.
    • Santa Fe sales +23% to 14,336 units.
    • Tucson sales +98% to 7,728 units.
    • Sonata sales -14% to 20,635 units.
    • YTD Hyundai sales +1.6% to 449,063 units.
    | Tue, Aug. 2, 1:58 PM
  • Tue, Aug. 2, 1:48 PM
    • Kia Motors (OTC:HYMLF) unit sales +6.5% to 59,969.
    • Sales growth by model: Forte +31% to 10,303 units; Optima -23% to 9,780 units; Rio +50% to 3,331 units; Sorento +1% to 9,854 units.
    • YTD Kia sales +5.7% to 388,296 units.
    | Tue, Aug. 2, 1:48 PM
  • Tue, Jul. 26, 2:41 PM
    • There's almost no chance that the automobile industry won't be a major talking point during the U.S. presidential election campaign which adds a layer of uncertainty for investors in the sector.
    • While the ramifications of the Trans-Pacific Partnership and Donald Trump's plan to add tariffs on foreign car makers and auto parts suppliers are already being debated, it's the union workers who may be the target of the most discussion in the next few months with Michigan, Ohio, and Pennsylvania considered critical battleground stocks.
    • The United Auto Workers endorsed Hillary Clinton and expects her to renegotiate the North American Free Trade Agreement to help land stronger unions in Mexico, while Trump has taken a more populist route of promising to add tariffs on Ford for cars built in Mexico. He's also hammering home that he will force better trade deals, but is walking a tightrope with some Rust Belt voters after suggesting that local plants should be closed and moved to states with lower wages.
    • Most analysts think it's more likely that the $7,500 electric vehicle tax credit will expire if Trump wins the election than if Clinton ascends to the White House. The EPA and some its regulations are also sure to get a hard look.
    • Investors are looking for a breakout after the dust settles, with the Detroit Three all trailing the S&P 500 Index return for the year.
    • Related stocks: GM, FCAU, F, TM, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTCPK:BMWYY, OTCPK:DDAIF, TSLA, OTCPK:MZDAY,  TSLA, OTC:HYMLF, OTCPK:FUJHY.
    | Tue, Jul. 26, 2:41 PM | 55 Comments
  • Fri, Jul. 15, 8:11 AM
    • Kia (OTC:HYMLF) car registrations +13.9% to 41,346 units in June, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +6.9% Y/Y to 1,459,508 units in June, led by double-digit gains in Italy and Spain. Registrations were up 8% in Germany, while falling slightly in the U.K.
    • Kia market share: 2.7% vs. 2.6% a year ago.
    • Kia YTD registrations +14.8%.
    • Hyundai results reported separately.
    • EAMA release (.pdf)
    | Fri, Jul. 15, 8:11 AM
  • Fri, Jul. 15, 8:05 AM
    • Hyundai (OTC:HYMLF) car registrations +12.7% to 47,755 units in June, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +6.9% Y/Y to 1,459,508 units in June, led by double-digit gains in Italy and Spain. Registrations were up 8% in Germany, while falling slightly in the U.K.
    • Hyundai market share: 3.2% vs. 3.0% a year ago.
    • Hyundai YTD registrations +10.2%.
    • Kia results reported separately.
    • EAMA release (.pdf)
    | Fri, Jul. 15, 8:05 AM
  • Tue, Jul. 12, 12:14 PM
    • LMC Automotive revises its forecast on U.S. automobile sales for the period from 2016 to 2023.
    • The research firm cuts its estimate for 2016 to 17.4M units from 17.7M units, with the level of retail sales being adjusted to 14.3M units from 14.0M units.
    • "Our latest forecast now reflects the reality that the growth track that the US market has been on since 2009 has stalled and appears to be levelling off, but it does not necessarily signal that further contractions or an automotive recession is imminent," says LMC's Jeff Schuster.
    • The extended forecast is for a slow climb to an annual selling level of 18M in 2021.
    • LMC Automotive forecast (.pdf)
    • Related stocks: GM, F, FCAU, TSLA, TM, HMC, OTCPK:NSANY, OTCPK:FUJHY, OTCPK:BAMXY, OTCPK:DDAIF, OTC:HYMLF, HMC, TTM.
    | Tue, Jul. 12, 12:14 PM | 28 Comments