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July 3, 2018 - Industry News

Hyundai Invests in Autotalks to Develop Connectivity Technology

The automaker will collaborate with Autotalks to develop the next generation Vehicle to Everything chipset for connected cars. The technology aims to improve vehicle and road safety, mobility and is viewed as vital for autonomous driving.

Tags: Autotalks, connected car, Hyundai, Vehicle to Everything

June 21, 2018 - Industry News

J.D. Power: New-Vehicle Initial Quality Improves Again

The firm’s 2018 study revealed a 4% increase in initial quality from a year ago, with Genesis, Kia, and Hyundai topping the annual study’s rankings.

Tags: Genesis, Hyundai, Initial Quality Study, J.D. Power, Kia

May 23, 2018 - Industry News

Autotrader Names 10 Best Non-Luxury and Luxury CPO Programs

Topping Autotrader’s 2018 lists of non-luxury and luxury CPO programs were Hyundai and Lexus, respectively. Both offer unrivaled warranty coverages, along with several perks that make them an ideal choice for shoppers looking for a lightly used model.

Tags: Autotrader, Certified Pre-Owned, Hyundai, Lexus

March 28, 2018 - Industry News

Lexus to Offer ‘Subscription-Type Plan’ With New Compact SUV

Photo of 2019 Lexus UX 200 courtesy of Toyota.

The all-new UX crossover SUV will be Lexus' first vehicle to be offered through a subscription plan when it arrives in dealership showrooms this December.

Tags: auto finance, Cadillac, Hyundai, Lexus, Lincoln, Subscription Service, UX 200, Volvo

February 12, 2018 - Industry News

Hyundai, Acura Take Top Honors in KBB’s ‘5-Year Cost to Own’ Awards

The firm named Hyundai as the brand with the lowest cost to own and Acura as the lowest cost luxury brand. Top vehicles were selected in 22 categories.

Tags: Acura, Cost to Own, General Motors, Hyundai, Kelley Blue Book, Toyota

February 1, 2018 - Industry News

Genesis to Establish U.S. Dealer Network

Photo courtesy of Genesis Motor America.

According to the company, certain dealers who are parties to the Genesis Participation Agreement (GPA) and operate in “defined key markets” will be given first opportunity to apply for the Genesis franchise.

Tags: Dealer Network, facility upgrades, Genesis, Hyundai

September 6, 2017 - Industry News

AIADA: Harvey Takes a Bite Out of August Auto Sales

According to the American International Automobile Dealers Association, Hyundai and Nissan registered significant sales declines in August, while Subaru, Toyota, Volkswagen, and Volvo finished the month on a high note.

Tags: American International Automobile Dealers Associat, Hurricane Harvey, Hyundai, Nissan, Subaru, Toyota, Volkswagen, Volvo

September 5, 2017 - Industry News

KBB: Average New-Car Price Rises Nearly 1% in August

The average transaction price rose despite mixed results for major automakers, with Fiat Chrysler topping the list with a 6.1% year-over-year increase in the brand’s average price.

Tags: Fiat Chrysler, Hyundai, Kelley Blue Book, Kia, transaction prices

January 17, 2017 - Industry News

Hyundai-Kia to Invest $3.1B in U.S.

Sister South Korean automakers Hyundai Motor Co. and Kia Motors Corp. will invest $3.1 billion in the U.S. in the next five years and may build a new assembly plant in the United States, Hyundai Motor's president told reporters on Tuesday.

Tags: Donald Trump, Hyundai, Kia, Vehicle Manufacturing

December 21, 2016 - Industry News

Dave Zuchowski Out as Hyundai President, CEO

The automaker’s Chief Legal and Safety Officer, W. Gerald Flannery, takes over as interim president and CEO while the company searches for Zuchowski’s replacement. Flannery has been with the company since 1987.

Tags: employment, Hyundai, Hyundai Genesis

December 6, 2016 - Industry News

New-Vehicle Sales Rise 3.7% in November, Autodata Reports

The industry sold 1.38 million new units in November, a 3.7% increase from a year ago, according to Autodata Corp. November's seasonally adjusted annual rate was 17.87 million, which was slightly lower than last November’s SAAR of 18.25 million.

Tags: Audi, BMW, Chrysler, Ford, GM, Honda, Hyundai, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Novemer, Porsche, Toyota, Vehicle Sales, Volkswagen

December 1, 2016 - Industry News

KBB: New-Car Transaction Prices Rise Nearly 2% in November

The estimated average transaction price for light vehicles in November was $34,948, a 1.7% increase from a year ago, according to Kelley Blue Book. An analyst with the firm attributed the increase to a shift in consumer preference from cars to more expensive trucks and SUVs.

Tags: average transaction price, Fiat Chrysler, Hyundai, KBB, Kia, Nissan North America

November 18, 2016 - Industry News

Hyundai Offers Subscription-Based Vehicle Ownership

Photo of 2017 Ioniq Electric courtesy of Hyundai.

Hyundai will offer a subscription-based approach to vehicle ownership with its 2017 Ioniq Electric sedan that will allow customers to acquire the vehicle for a fixed monthly fee that covers all costs of ownership, Hyundai announced ahead of the Los Angeles Auto Show.

Tags: Dealership, Electric Vehicles, Hyundai

November 18, 2016 - Industry News

Stand-Alone Genesis Dealers to Arrive by 2021

Photo of 2017 Genesis G90 by Paul Clinton.

Hyundai's Genesis luxury division hopes to establish stand-alone dealerships for a lineup that will include six models by 2021, according to the automaker.

Tags: Dealership, Genesis, Hyundai

July 26, 2016 - Industry News

New Hyundai Genesis Arriving With Complimentary Maintenance

Hyundai's Genesis will offer complimentary maintenance, loaner cars, and a valet service with its 2017 G90 and G80 luxury sedans in hopes of luring buyers to the new brand, Genesis announced.

Tags: Genesis, Hyundai, Vehicle Maintenance

June 22, 2016 - Industry News

J.D. Power: Initial Quality Shows Largest Improvement in Seven Years

Kia ended the 27-year reign of premium brands by ranking highest among all nameplates in J.D. Power’s annual study. Overall, new-vehicle quality improved 6%, which was double last year’s 3% improvement.

Tags: General Motors, Hyundai, Initial Quality Study, J.D. Power, Kia, Toyota, Volkswagen

May 12, 2016 - Industry News

GM Replacing 88% of Lineup By 2020

General Motors should gain market share by replacing 88% of its light-duty lineup by 2020, while Volkswagen and Korean automakers are relying too heavily on cars with consumer demand shifting toward SUVs and trucks, a Bank of America Merrill Lynch analyst has said.

Tags: Bank of America, Chevrolet, Fiat Chrysler, Ford, General Motors, Hyundai, Kia, Merrill Lynch, Nissan, Toyota, Volkswagen

April 27, 2016 - Industry News

ChannelNet to Build Customer Management Portals for Hyundai Capital Canada

ChannelNet announced this week it will begin building customer lifecycle management programs and dealer portals for Hyundai Motor Finance and Kia Motors Finance in Canada as part of its new contract with Hyundai Capital Inc.

Tags: Canada, Hyundai, Kia, Online Buying

April 14, 2016 - Industry News

Houston Dealership Becomes First to Sell and Service Hyundai's Genesis Brand

North Freeway Hyundai has reached an agreement with Hyundai Motor America to become the first dealership to showcase, sell and service the new Genesis brand and its luxury vehicles, according to a North Freeway Hyundai announcement.

Tags: Hyundai, Hyundai Genesis, Luxury Vehicles

March 29, 2016 - Industry News

Advent Completes DMS Integration With Hyundai

With the new connection, users of the Advent Dealer Management System will have a full complement of data interfaces that allow for bidirectional communication with Hyundai USA.

Tags: Advent Resources, DMS, DMS integration, Hyundai

January 12, 2016 - Industry News

2015 New-Vehicle Sales Reaches 17.5 Million Units

New-vehicle sales for 2015 totaled 17.5 million units, with the industry closing out the year with December sales of 1.6 million units, according to Autodata Corp.

Tags: BMW, Chrysler, December, Ford, General Motors, Honda, Hyundai, Mazda, Mercedes-Benz, Mitsubishi, Nissan, SAAR, Toyota, Volkswagen

December 23, 2015 - Industry News

GE Selling Hyundai Capital Shares to Hyundai, Kia

GE announced today that it has signed an agreement to sell its 23.3% stake in Hyundai Capital Services to Hyundai Motor Co. and Kia Motors. The announcement comes less than a month after it unloaded its transportation business unit to BMO Financial Group.

Tags: BMO Harris Bank, GE Capital Services, Hyundai, Kia Motors America

November 16, 2015 - Industry News

EFG Named to Dallas Morning News' 'Top 100 Places to Work' List

EFG Companies was named to the Dallas Morning News' list of Top 100 Places to Work, marking the firm's ninth national award the group has earned this year for excellence and customer service.

Tags: EFG Companies, F&I product provider, F&I products, Hyundai

November 4, 2015 - Industry News

Hyundai Turns Genesis Into Standalone Luxury Division

Photo of Euisun Chung, vice chairman, announcing the Genesis luxury brand courtesy of Hyundai.

Hyundai plans to launch six new models by 2020 under its Genesis nameplate, which will operate as a standalone global luxury brand.

Tags: Hyundai, Hyundai Genesis, Luxury Vehicles

September 14, 2015 - Industry News

TrueCar President to Lead Google’s Self-Driving Car Initiative

John Krafcik is stepping down this week as president of TrueCar to take on a new role as CEO of the autonomous car division of Google.

Tags: AutoNation, Google, Hiring, Hyundai, John Krafcik, Scott Painter, TrueCar

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