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Saturday, 31 October 2015

Korean Hyundai celebrating 10 million vehicles sold in the US

On October 28, Korean automaker Hyundai Motor Co. recorded a major milestone: It sold its 10 millionth vehicle in the United States of America, 30 years after entering the American car market--1986 to be precise.

Hyundai has really come a long way. It wasn't easy  for them to packed some of their belongings and decided to settle one half  of its business in the US, considering the fact Americans perceived them as a foreign car company. But  did not bow out and was shocked when it set an industry record for the most first-year sales for an import car company, sold 168,882 subcompact Excels; Hyundai's first car in the US.It took the company just seven months to sell its 100,000 Excels in the United States.

19 years(2005) after it first debut in the US car market, Hyundai opened its manufacturing plant in the state of Alabama, and has successfully built 2,660,314 vehicles. Of the over 2 million vehicles it produced in the US, the Elantra and Sonata, made up 23 percent and 64 percent respectively.

President and CEO of Hyundai Motor America Dave Zuchowski says 56 percent of vehicles the Korean carmarker sells in the United States are made there.The Elantra and Sonata are Hyundai's best-selling cars in the US.There are  now 2.5 million Sonatas on US roads and 24.98 percent of the company's total volume.

Zuchowski also says that Hyundai plant in Alabama employs more than 3,000 residents  and contributes approximately $4 billion to the state's economy every year.

Hyundai hit the milestone by focusing more on quality, styling as well as competitive pricing.