Hyundai/Kia will likely top Toyota/Lexus for No. 3 sales spot in May
06-24-11, 02:45 PM
#1
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Hyundai/Kia will likely top Toyota/Lexus for No. 3 sales spot in May
http://beta.autoblog.com/2011/05/31/...sales-spot-in/
If forecasts from TrueCar.com are accurate, Hyundai and Kia will be the only automakers to post sales gains in the month of May. Mildly interesting news in itself, but the real shocking nugget is that the Korean conglomerate is expected to pass Toyota (including its Lexus luxury brand) as the third-best-selling automaker in the United States.
Surely there are multiple reasons why Toyota and Lexus sales are expected to drop in May (when compared to April, 2011 and May of 2010), but parts and inventory shortages stemming from the devastating earthquake and subsequent tsunami in Japan are front and center.
Credit also goes to Hyundai and Kia for the dramatic gains they have made on their Japanese and American competitors in the last few years, both in sales and in consumer perception. That said, Toyota seems likely to rebound in the coming months, so it will be an interesting exercise to follow the sales charts.
When all the numbers finally come in, TrueCar.com expects the month of May to show an eight-percent drop in sales from April. As you would expect, shortages of cars imported from Japan is partly to blame, but lowered incentives from all automakers is also cited as a contributing factor.
If forecasts from TrueCar.com are accurate, Hyundai and Kia will be the only automakers to post sales gains in the month of May. Mildly interesting news in itself, but the real shocking nugget is that the Korean conglomerate is expected to pass Toyota (including its Lexus luxury brand) as the third-best-selling automaker in the United States.
Surely there are multiple reasons why Toyota and Lexus sales are expected to drop in May (when compared to April, 2011 and May of 2010), but parts and inventory shortages stemming from the devastating earthquake and subsequent tsunami in Japan are front and center.
Credit also goes to Hyundai and Kia for the dramatic gains they have made on their Japanese and American competitors in the last few years, both in sales and in consumer perception. That said, Toyota seems likely to rebound in the coming months, so it will be an interesting exercise to follow the sales charts.
When all the numbers finally come in, TrueCar.com expects the month of May to show an eight-percent drop in sales from April. As you would expect, shortages of cars imported from Japan is partly to blame, but lowered incentives from all automakers is also cited as a contributing factor.
06-24-11, 03:04 PM
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Looks like a repost to me. May sales were already posted long time ago. 
06-24-11, 03:36 PM
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Toyota/Lexus has no one else to blame but themselves for this. Hyundai and Kia have constantly been updating and making new models in their lineup, whereas Toyota and Lexus have been completely behind and lagging. More buzz for new models creates sales.
Look at the Corolla. It needed a redesign 4 years ago. Compare that to the Elantra.
Look at the Corolla. It needed a redesign 4 years ago. Compare that to the Elantra.
Toyota's product onslaught is coming. Haters will eat their words, and competitors will be sent back to the drawing boards.
06-24-11, 04:35 PM
#4
Toyota/Lexus has no one else to blame but themselves for this. Hyundai and Kia have constantly been updating and making new models in their lineup, whereas Toyota and Lexus have been completely behind and lagging. More buzz for new models creates sales.
Look at the Corolla. It needed a redesign 4 years ago. Compare that to the Elantra.
Look at the Corolla. It needed a redesign 4 years ago. Compare that to the Elantra.
indeed... it is their fault that tsunami happened and they have no cars to sell.
stupid toyota for invoking wrath of gods!
06-24-11, 04:37 PM
#5
Hyundai's blistering pace of new models updates and changes will soon come back to bite them. You can't keep refreshing and redesigning that fast without quality problems appearing. Look at what happened to Toyota.
Toyota's product onslaught is coming. Haters will eat their words, and competitors will be sent back to the drawing boards.
Toyota's product onslaught is coming. Haters will eat their words, and competitors will be sent back to the drawing boards.
Just like Toyota will do it in next 2 years, it is just the way world turns.
06-24-11, 04:49 PM
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This article is old news. Besides, Toyota/Lexus outsold Hyundai/Kia in May.
06-24-11, 06:09 PM
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.... and then IS, ES, GS, LS....
all within 2 years will be revealed and mostly start selling too.
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06-25-11, 11:56 AM
#8
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Why is this posted June 24th? We already have May numbers. A DEVASTATING EARTHQUAKE happened for crying out loud.
June numbers are almost out. SHM
June numbers are almost out. SHM
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