Word: hyundai
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...Hyundai is now the most successful car company in the U.S. and it has the numbers to prove it. It has come up with a way to sell cars to people who fear that they will be homeless and it works...
...Hyundai sold 30,621 vehicles in the U.S. last month. That is more than half of Nissan's sales which dropped to 54,249. And, Nissan has been a prominent brand in the American car business ever since it was known as Datsun...
...still have any anxiety about safety, consider this: when we arrived from the airport in a Hyundai minitaxi bursting at the seams, one of our friends left his wallet, heavy with cash, in the back of the cab. He called around to taxi companies that night but despaired of ever seeing his billfold again, resigning himself to the tedium of canceled cards and replaced IDs. The next morning a honk sounded out front - the cabdriver had returned, sheepishly handing back the wallet with everything intact, apologizing profusely for not coming sooner. When asked by my astonished friend...
...were sold in China (735,000 vehicles) in a month than were sold in the U.S. (657,000). In January at least, China was the world's largest car market. "The tax reduction was an obvious help to our sales," says a sales manager surnamed Feng at the biggest Hyundai dealer in Beijing. "Since the new policy started, sales of our three models with 1.6 liter engines or below have gone up by 30% compared to the same period last year...
...Ultimately Chinese carmakers, not foreign manufacturers like Hyundai, are expected to benefit most from Beijing's moves. "Domestic manufacturers mostly focus on the production of automobiles with smaller engine power, and they benefit the most from the tax reduction policy," says Yao Jie, deputy secretary general of China Association of Automobile Manufacturers. While domestic brands accounted for 26% of the market last year, their share climbed to 30% in January, Yao says. Chery Automobile Co, the highest-selling Chinese automaker and manufacturer of the popular QQ compact, says it expects to increase sales by 18% this year...