Repaireable Rebuildable Salvage Lot Drives Great Project Builder Fixer Loaded on 2040-cars

Auto blog

Hyundai dumps Genesis Coupe for upscale model

Hyundai has confirmed that it is killing off the Genesis Coupe after the 2016 model year. A replacement for the coupe is expected to come after 2017, but it will fit into the automaker's luxury sub-brand, Genesis. "In regards to the Genesis Coupe, 2016 will in fact be the last model year for this popular, rear-drive sporty coupe," Christine Henley, Product PR Manager for Hyundai, told Autoblog. The vehicle is being replaced by something that fits better into the new Genesis brand's lineup. "A new, more sophisticated and luxurious coupe appropriate for the new Genesis brand is currently under development." Previous rumors surmised that the coupe will get a 3.3-liter turbocharged engine, an eight-speed automatic transmission, and all-wheel-drive. Inspiration for the upcoming coupe could come from the Hyundai HND-9 Sports Coupe Concept that was revealed a few years ago. Currently, Genesis offers the 2017 G80 midsize sedan and flagship G90 sedan. A luxurious, sporty coupe would fit perfectly in between these two vehicles to compete with more established luxury coupe players, as well as newer competitors like the Lexus RC and upcoming Infiniti Q60. Related Video: News Source: The Globe and Mail via The Truth About CarsImage Credit: Hyundai Genesis Hyundai Coupe Performance

Hyundai Veloster Re:Flex edition hits showrooms with $21,650* MSRP

It's been several months since Hyundai first revealed the Veloster Re:Flex at the Chicago Auto Show. The special-edition of the quirky Korean hatchback features an array of chrome accents and exclusive available Ice Pearl paint along with LED lighting, red or black leather interior, and of course special badging all around, available exclusively with the 1.6-liter naturally aspirated four-cylinder engine and six-speed dual-clutch gearbox.
Limited to just 3,000 units, Hyundai has now released pricing for the Veloster Re:Flex edition at $21,650, plus the standard $810 destination charge, for a delivered total of $22,460. That makes it $3,850 more expensive than the base Veloster (at $17,800 list or $18,610 delivered), but add to that the $1,250 for the DCT and you're already looking at $19,860 delivered. Add on the $1,800 Style Package (all of whose equipment is included in the Re:Flex save the panoramic roof) and you're looking at a delivered price of $21,660, so in the end the actual premium Hyundai's getting for the Re:Flex edition is $800 (plus whatever the missing sunroof is worth to you, because you can't option that separate of the aforementioned Style Package anyway). Details in the press release below.

Hyundai-Kia forecasts slowest sales growth in 8 years

Even with the arrival of the new Hyundai Genesis Sedan (above) and the expected introduction of at least two other new vehicles in 2014, Hyundai-Kia is estimating its sales will only increase by about 4.1 percent this year. Bloomberg has found that figure, which works out to a total of 7.86 million vehicles worldwide, to be lower than average analyst estimates of eight million vehicles. If the automaker is correct, that figure will represent the most sluggish growth for the Korean brands since 2006.
Based on an exchange rate of 1,050 won to the dollar - right now it's trading at anywhere from 1,050 to 1,052 depending on where you look - Hyundai is predicting a 3.8-percent uptick for sales of 4.9 million units, while Kia is expecting a 4.7-percent uptick for sales of 2.96 million units. That exchange rate is predicted to be part of what will hamper sales this year, with a stronger South Korean won making Japanese cars more price-competitive when cross-shopped. It's unclear how Hyundai derived its exchange rate, but 1,050 won to the dollar almost matches the 52-week high for all of 2013.
The company chairman mentioned a "low growth era" in the world economy, and weaker US sales are rumored to at least part of the reason John Krafcik recently vacated the post of Hyundai Motor America CEO, a post that has been filled by executive vice president of sales, David Zuchowski. That unexpected news capped a year in which two top execs resigned over quality issues and recalls and Hyundai agreed to settle a consolidated lawsuit over inflated fuel economy ratings for $395 million.