Hyundai Sees Slower Growth In 2012 Due To Production Constraints
Hyundai has been enjoying immense growth and success in the North American market over the last few years, having posted 21-percent growth in the first 10 months of 2011. But now, Hyundai is only planning to increase production by 8-percent for the United States for 2012.
Dave Zuchowski, executive vice president of sales for Hyundai Motor America, stated that they expect Hyundai’s growth curve to slow down a little bit, but stated that “it’s a function of global capacity constraints.” Hyundai’s 2012 growth will mostly come from new product sales such as their Veloster coupe and the new 2012 Azera sedan.
We’re looking forward to the 2013 Hyundai Genesis to finally hit the showrooms, we’re going to go out on a limb here and say that it’ll sell really well.
[Source: Automotive News]
Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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