2012 Kia Sorento Lx on 2040-cars

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Goes Both Ways: Free-trade pact sees South Korean brands losing share at home

France has been vocal, but not alone, in noting the rise of the South Korean automakers in Europe. The signing of a free-trade pact in 2011 between South Korea and the EU, along with the especially value-conscious buyers in a crisis-stricken Europe, has seen market share increases measuring in the double digits for Hyundai and Kia - analysts expect 14-percent growth for the two in 2012.
A report in Bloomberg has found that there's pain at the other end, too: The pact more than halved import tariffs on European cars headed to South Korea to 3.2 percent, and prices are now close enough to domestic offerings for more South Koreans to pay the premium for foreign luxury nameplates and the cachet they confer. Products sold by the five domestic automakers hogged 92 percent of the market last year, and sales have dropped 5.2 percent this year whereas import sales have risen by 24 percent. This will mark the first year that imports claimed ten percent of the market; compare that to 2002, when domestic market share in the world's 11th largest auto market was 99 percent.
The Germans are at the head of the arrow, counting for 65 percent of imported car sales, but every foreign maker has seen double-digit gains. Analysts think foreign makes could ultimately grab 15 percent of the market.

2020 Kia Telluride and Hyundai Palisade will see price increases

New year, new MSRP. CarsDirect got hold of a "recent pricing guide" and discovered Hyundai and Kia chanted that mantra over the Palisade and the Telluride, respectively. The Palisade has been on sale since June of last year, and already received a $50 price increase before the turn of the year. As of this month, Hyundai has goosed the MSRP by another $225 to $31,775, and the destination charge by $25 to $1,120. The $250 bump takes the starting price for a front-wheel drive Palisade SE to $31,775. The premium is applied throughout the range, making the top-tier Limited AWD model $47,745. The Telluride was first priced at $32,735 after destination. It, too, received a visit from the surcharge fairy last year to the tune of $50, boosting the cost to $32,785. This month, Kia tweaked the MSRP by $250 to $31,890, and the destination charge by $25 to $1,170. That comes to a $275 increase, meaning a front-wheel drive Telluride LX is now starting at $33,060. Whereas the Telluride had been $140 more expensive than the Palisade, the three-row Kia now stands $165 beyond the three-row Hyundai.  None of this should affect sales, both models already having won numerous awards, the Palisade receiving a Top Safety Pick+ rating from the Insurance Institute for Highway Safety, the Telluride capping its excellent reviews with victory in the North American 2020 Utility of the Year competition. Kia is moving more than 6,000 Tellurides per month in the U.S., and a carmaker rep said the vehicle "is still on deep backorder." The Palisade looks on track to join it, and both sell for more than MSRP in many parts of the country, according to TrueCar. Based on recent reports, things might get even more varied on the Kia side, in fact. One rumor said there could be flagship luxury and off-road trims on the way. This week, Motor1 heard from "an anonymous Kia employee" with details on a potential X-Line appearance package. The possible cosmetic suite would install a satin black grille, body-colored door handles, bright bumper and lower door garnish, front and rear skid plates, and a unique 20-inch wheel for $1,695. And it's said that Kia is investigating consumer interest in a long-wheelbase Telluride.

2017 Kia Cadenza has new styling, greater efficiency

The current Kia Cadenza went on sale in the US in April 2013, and three years later a new generation arrives at the 2016 New York Auto Show. This isn't just a mild refresh of the existing sedan, either. The latest Cadenza hits showrooms in late 2016 with improved styling, a stiffer platform, and a more efficient engine. Kia is holding back the 2017 Cadenza's exact powertrain specs until closer to launch. The new sedan still uses a 3.3-liter V6, which now has an estimated 290 horsepower, and the company plans to retune the powerplant for better fuel economy. The sedan also has an eight-speed automatic gearbox rather than the present six-speed. The current Cadenza makes 293 hp and has EPA estimates of 19 miles per gallon city, 28 mpg highway, and 22 mpg combined. The model's lighter platform makes the most of the improved powertrain. The updated chassis now consists of over 50 percent Advanced High Strength Steel, which is twice as much as before. The 2017 model has the same length as its predecessor but a longer wheelbase that increases rear legroom by half an inch. Additional sound deadening and acoustic absorbing laminate for the windshield and front windows create a quieter interior, too. The 2017 Cadenza's styling is a more angular evolution of the current sedan's stodgy look, with sharper edges for Kia's tiger nose grille, which is now convex. The Cadenza's lower trim levels feature mesh in the center, but the more expensive versions have vertical fins (pictured above). The four-door also has Z-shaped signature lights in the headlights, and the same motif is on the taillights. The latest Cadenza's interior cossets occupants with more soft-touch materials and high-tech amenities. Customers can spec active safety systems like adaptive cruise control with stop and go, a forward collision warning with automatic braking, lane departure warning, and the Smart Blind Spot Detection System that can brake the wheels to keep from drifting toward an adjacent vehicle. The rapid replacement for the last Cadenza suggests Kia wants to stay relevant among large, front-wheel drive sedans, like the Nissan Maxima, Toyota Avalon, and Buick LaCrosse. The new styling at least makes the Kia look more interesting in the segment, and the updated powertrain makes sure the four-door keeps up in the class.