With most of the car companies in the world facing one form of a slump or another, it’s become a bit like a relationship. There will be hard times, of course, but now it all depends on how one gets through those hard times. With Hyundai, it seems that the company has recovered nicely and is getting through the “hard times” with as much class and dignity as possible.
Hyundai has withstood the worst of the auto sales meltdown in Norther America, which is its largest overseas market, because higher gasoline prices cause customers to favour its fuel efficient Hyundai Elantras over standard GM and Ford trucks or SUVs.
The net income for Hyundai fell 38% to 264.8 billion won, which was better than expected according to industry analysts. Many had thought that the income would fall to around 179.5 billion won. Sales slipped 15% to 6.05 trillion won. Operating profit plunged 71% to 104.5 billion won.
Despite these apparent drops, Hyundai is doing better than most people expected and the industry is the better for it. The South Korean automaker has withstood the slumping economy better than most companies, with a full plan for recovery and a continued movement of cars off of the lots.
For more information on Hyundai cars or its economic plans for the future, drop by your local Pottstown Hyundai dealer today.