With rising gas prices and more demand for smaller, more efficient cars, is it any wonder that Hyundai Automotive is making a huge profit?
Hyundai Automotive has a full lineup of vehicles, from small to large. And while the automaker once had a campaign built around upscale, larger vehicles, it is now changing its focus to remind car buyers that it also has a full line of inexpensive fuel sippers. Maybe that’s why Hyundai Automotive recently posted a record revenue of more than $9 billion, a 13 percent increase from last year.
Those numbers are impressive, but there’s more. Although domestic auto sales declined by about eight percent in June 2008, Hyundai Automotive sold an extra 50,000 units. That’s a company record and it’s also 14 percent more units than it sold in June 2007.
Now, Hyundai Automotive is singing the praises of its smaller cars and considering moving production to the United States in 2009. Currently, its plant in Alabama manufactures the Sonata and the Santa Fe, but more models are likely to move as well.
With all of these exciting things happening for the Korean automaker, why not visit a local Hyundai dealer and see what everybody is talking about?