MENU
SEARCHProfit balloons as carmaker bests industry on sales.
Hyundai Motor reported net profit climbed to $2.47 billion, blowing away year-earlier results.
IMAGE: Hyundai
Hyundai Motor Co. reported first-quarter results beat expectations, more than doubling profit and strongly boosting sales.
Its Hyundai, Kia and Genesis brands had their best first-quarter to date, according to a Cox Automotive analysis of the results.
South Korea-based Hyundai Motor reported net profit climbed to $2.47 billion, blowing away year-earlier results of $1.2 billion.
Its first-quarter sales climbed to more than a million units, up 13.2% year-over-year. Sales outside Korea rose 10.7% to 830,665.
The sales growth far exceeded industrywide results for the quarter, and the carmaker cut incentives 21% to an average $811, Cox said, pointing out that it was the first time Hyundai’s average incentive was below $1,000.
Company is providing a fully integrated F&I administration model to Nissan Extended Services North America’s dealer network.
Read More →
Take the time to answer these and lay the groundwork for a successful year-end.
Read More →
Many dealers are going green – both environmentally and cash-wise – by powering their stores with solar-generated electricity.
Read More →
Their role at automotive dealerships is essential today to give salespeople time to close deals.
Read More →
The strategic imperative for auto dealers is to prioritize F&I product sales and wealth-building in challenging times.
Read More →
It's wise to not take your dealership's banking relationships for granted.
Read More →
Howard Bentley Buick GMC is now headed by Taylor Bentley Conner.
Read More →
Rick McCormick preaches the wisdom of breaking into what he considers the top 3% of F&I managers with a stance of continuous development.
Read More →
