Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





2007 Hyundai Elantra

1404143454651

Comments

  • joe97joe97 Posts: 2,248
    First of all, there is nothing wrong with Hyundai. Second, Hyundai sales are not down across the board.

    And just to point, Honda and Toyota have increased rebates/discounts/special lease rates/fleet on many of its models.
  • I am in the market for a small family sedan and have looked at the Civic, Corolla and Mazda 3 before the new Elantra was released. We drove the Elantra when they arrived at my local dealer and I was impressed. The downside for me right now is the turmoil within Hyundai Motors - Strikes, Embezlement and then an illegal strike to get huge cash bonus.
    What does all this mean for the long term stability of Hyundai Motors?
    Should we as consumers pay the cost of this mis-management?
  • joe97joe97 Posts: 2,248
    I would put the valuing of the local currency at the top of the list, which has been detriment to the export markets.

    Regardless, I still believe the price-to-feature ratio on Hyundai products are amazing to speak of. I was impressed with the Elantra as well, by the way.

    What was your impression of other cars you've tested, in comparison with the Elantra? I felt there are no wrongs in selecting any of them you have listed there. I would say it comes down to the one that would fit best your preferences and taste.

    And as for the long term stability, I don't believe there are anything to worry, they are here to stay. I have been surprised (in a good way) how fast Hyundai has improved on its brand., and the results show, from the portfolio of vehicles, awards and being the #6 automaker worldwide. Kudos!!
  • backybacky Twin CitiesPosts: 18,692
    Mis-management? Did you happen to notice how much money Ford lost last year (recall they control Mazda)? Is that a sign of good management? Did you notice the turmoil in the past year at Toyota over their declining product quality and increasing recalls?

    Why not focus on which car you like best and what it costs you to buy it and own it, rather than agonizing over things like whether one of the largest--and fastest growing--automobile companies in the world will survive until you are ready to sell your car?
  • are going great guns right now. They are great cars, cost less and offer the best Warranty in the business.

    Am I missing something here? Watch them take #5 worldwide automaker in the next year or two. Who's currently #5, DCX?

    2008 Mitsubishi Lancer GTS

  • Yes, all responses list very valid points.
    My curiosity in the Elantra started due to the great success of Hyundai. And also, as I see it, the lack of any of the big three US auto makers to recognize the need for fuel efficient vehicles. It does look like Ford is in rough shape, and currently they offer a $2500 rebate on the Focus. Looking at several reviews, including Consumer reports, they all seem to recommend the Focus. Even though the reviews don't seem as positive as those on the Elantra, intersting.
  • I don't think Hyundai is #6 right now unless you combine Hyundai and KIA.

    car makers by 2006 global production

    1. GM
    2. Toyota
    3. Ford
    4. VW
    5. DaimlerChrysler (Honda is either #5 or 6)
    6. Honda
    7. Nissan
    8. Hyundai
  • joe131joe131 Posts: 972
    Well duh, if General Motors is one, then Hyundai/Kia should also be one.
  • backybacky Twin CitiesPosts: 18,692
    Re the Focus, something to think about if safety matters: are side curtains even available on the Focus? Last time I checked, they weren't. They are standard on newer compacts like the Elantra and are important for head protection in a side crash. If crash safety is important and you are thinking about an Elantra, you might wait a bit to see what the IIHS side and rear crash test ratings are.
  • I've noticed on Carsdirect that it is listing the 2007 Elantra as discontinued. Are they changing the car midway thru the model year? If so, what is different?
  • grutzagrutza Posts: 52
    Are they making XM standard like they did with the Sonata? If so the new Elantra would have a new model number, discontinuing the old one.
  • backybacky Twin CitiesPosts: 18,692
    Yes, XM is available on the Elantra now, but the pricing with XM has been out for some time, so it seems odd that Carsdirect would not have pricing on the XM-equipped Elantras.
  • grutzagrutza Posts: 52
    Is it optional now? If so, would they move to make it standard?
  • backybacky Twin CitiesPosts: 18,692
    It's optional on the GLS (which doesn't have any kind of radio standard), and standard on the SE and Limited.
  • joe97joe97 Posts: 2,248
    06 figures have not been released but here is the official tally as of 2005:

    1 General Motors 8,381,805
    2 Toyota Motor Corp. 8,120,000
    3 Ford Motor Co. 6,208,700
    4 Volkswagen AG 5,242,793
    5 DaimlerChrysler AG 4,854,700
    6 Hyundai-Kia Group 3,715,095
    7 Nissan Motor Co. 3,597,748
    8 PSA/Peugeot-Citroen SA 3,390,000
    9 Honda Motor Co. 3,365,000
    10 Renault SA 2,533,428
  • Most car makers have released 2006 figures. Just google them.

    For example.
    GM 9.18 millions
    toyota 9.02 million
    Honda 3.6
    Nissan 3.3
    Hyundai 2.5
  • joe97joe97 Posts: 2,248
    Those are production numbers. Market share rankings are determined by volume (units sold) - see 05 figures I posted.

    I hope Hyundai/Kia will maintain its 6th position (largest automaker) in the world, behind GM, Toyota, Ford, VW, and DCX. Hyundai and Kia are combined since Hyundai owns Kia.
  • the number I posted are 2006 global production (million vehicles produced worldwide). Maybe I'm wrong here, but I thought Hyundai and kia are two seperate companies (unlike, say, ford/mercury). The connection is that Hyundai chairman is the father of KIA chairman.
  • spmrebelspmrebel Posts: 130
    Chung Mong Koo was found guilty! Currently the Hyundai and Kia have felt some impact here in the US but this will mos likely make things worse.

    Feb. 5 (Bloomberg) -- Chung Mong Koo, the chairman of Hyundai Motor Co. and South Korea's wealthiest man, was found guilty of embezzlement and breach of trust.

    Chung, worth more than $2.2 billion, is guilty of embezzling company funds and breach of fiduciary duty, the Seoul Central District Court said. Chung, 68, said during his trial he was aware funds were diverted. He denied knowledge of how they were used.

    The case disrupted Hyundai Motor and affiliate Kia Motors Corp. The companies said they delayed construction of factories in the Czech Republic and the U.S. because Chung's travel was restricted during the trial. The won's 8.6 percent rise against the dollar last year and strikes in Korea help reduce the carmakers earnings and caused their shares to plunge.

    Hyundai Motor's profit slumped 34 percent last year to 1.53 trillion won as a stronger won against the dollar eroded profits from exports and it sold fewer vehicles, including Sonata sedans. Profit at Kia Motors plunged 94 percent to 39.3 billion won. Over the last 12 months, Hyundai Motor shares have declined 19 percent and Kia shares have dropped 47 percent. In contrast, the benchmark Kospi index has risen 2.8 percent.

    Kia Motors and Hyundai Motor suffered $2.4 billion in lost production last year because of strikes. The delay of factories in the Czech Republic and the U.S. state of Georgia derailed Chung's plan to transform the two companies into the world's fifth-largest carmaking group by 2010.

    Chung's Testimony

    During his trial, Chung testified that he knew funds were being diverted without proper accounting.

    ``I feel an overall responsibility for the creation and the use of the fund,'' Chung said on June 15 in his second court hearing. ``When I was told that the funds needed to be created, I told our employees to take care of it. However, upon deep reflection, all this is my responsibility as the chief executive.''

    Hyundai Motor officials have testified that the funds were used where they couldn't get official receipts. In Korea, senior managers of a company sometimes give cash to employees for a wedding or funeral without asking for a receipt, Hyundai Motor officials testified. Prosecutors said the money was set aside for illegal use, without specifying the alleged purpose.

    Korea's Economy

    Hyundai and Kia made up 72 percent of South Korea's 2.65 million vehicle exports last year, according to the Korea Automobile Manufacturers Association. Automobiles account for about 10 percent of exports from Asia's third- largest economy. The combined sales of the two companies are equal to about 6.1 percent of South Korea's $788 billion economy.

    Chung lives in Hannam-dong, a hillside residential area in Seoul. The area is also home to Lee Kun Hee, the chairman of Samsung Group, the official residence of South Korea's foreign minister and the embassies of Spain, Mexico and India. Private security guards restrict access to his neighborhood.

    If sentenced to prison, he may serve his term in a 6.6 square meter solitary room, according to the Korean Institute of Criminal Justice Policy.

    Last month, seven people were found guilty of taking bribes from Hyundai Motor Group to help one of the company's units write off debt and an eighth person was convicted of giving bribes on behalf of the carmaker. The court suspended the sentences while the verdicts are appealed. Former South Korean finance ministry official Byeon Yang Ho was acquitted of receiving bribes from Hyundai.

    Chung and his son Chung Eui Sun, co-chief executive of Kia Motors, in April said they would donate 1 trillion won including their 60 percent stake in car-shipping unit Glovis Co. to charity. The donation hasn't been made yet.

    Update:

    A South Korean court has sentenced the head of the Hyundai Motor Group to three years in jail, sweeping aside widely-held expectations of a suspended sentence.

    The ruling, which should rekindle concerns over a management vacuum at the world's No.6 auto maker, is another blow for a company contending with a rising won and restive labour unions.

    Officials at Hyundai Motor declined to comment, while share market analysts anticipated hefty consequences from the ruling.

    "This could have a big impact on Hyundai Motor," said Kim Hyun-tae, fund manager at Landmark Investment Management.

    "The impact on the Korean economy could be huge. There will likely be an appeal, so this process could take longer."
  • patpat Posts: 10,421
    Actually, the best place to discuss this is on our Automotive News & Views board. This discussion is actually about the Elantra itself.
  • Maybe I'm wrong here, but I thought Hyundai and kia are two seperate companies (unlike, say, ford/mercury)

    Nope, Hyundai owns Kia and has since around late 1998. Here's a link to an old article about that.

    Hyundai buys Kia
  • gy563gy563 Posts: 44
    5-door model or hatchback is to be out in Korea around June or July so expect it to come in United States around October or November.
  • Do you think the forthcoming liftback will have electronic stability control, or at least traction control, as an option? I'm surprised Hyundai doesn't offer these features on its new Elantra. Hyundai is working on including these improvements sometime in future, but there's been no word as to when. :confuse:

    Cheers...

    Peace! :shades:
  • backybacky Twin CitiesPosts: 18,692
    A prediction: Hyundai will make ESC (with traction control) an option on the Elantra in the U.S. (it's already available in some other countries) if it achieves Good ratings on the IIHS side and rear tests, because then it would get the IIHS' "Gold" award.

    Consider that no other cars in the Elantra's class (moderately-priced compacts) offer ESC standard, and few offer it as an option. So Hyundai could stand out in the crowd by adding it to the options list.
  • backybacky Twin CitiesPosts: 18,692
    I just noticed HMA increased the general rebate on the '07 Elantra to $1000, with the $500 loyalty rebate still in place. If someone is lucky enough to live near a city with an auto show that gives out the $500 rebate coupons (e.g. Minneapolis, Chicago, and NYC have done this in the past), it would be pretty easy for a current Hyundai owner to get $3000 off a new Elantra. Just think, a nicely-equipped Elantra SE for around $13.5k + T&L... not a bad deal for that kind of car IMO.
  • nodulenodule Posts: 118
    Backy, just out of curiosity, how do you come up with 3000.00
    off? Should that be 1500.00 off?
  • snakeweaselsnakeweasel a Certified Edmunds Poster.Posts: 11,706
    Its new math.

    Now how did you come up with $1,500? A general rebate of $1,000 a loyalty rebate of $500 and a $500 rebate coupon from the car show adds up to $2,000.

    Math classes start at 5 PM. :P

    The sign said "No shoes, no shirt, no service", it didn't say anything about no pants.

  • nthenthe Posts: 414
    the rebates add up to $2k, then get the dealer to knock off $1k, and there is your $3k off.
  • I hope you're right in your prediction, backy...
    I really like the new Elantra, and I look forward to the liftback model when it makes it debut in the U.S..I just hope Hyundai wakes up to the fact that if it does get to feature ESC (with traction control) with both sedan and liftback it WILL set itself apart from the rest of the pack, as U said. ;)

    Cheers...

    Peace! :shades:
  • I am interested in purchasing the Elantra but I feel TCS/ESP is a requirement. Why would Hyundai choose to take out the TCS/ESP feature on the US builds? :confuse:

    Looking at their International site, they feature the TCS/ESP with an animation sequence. Is is a cost issue (getting near Sonata pricing) or something else?
This discussion has been closed.