Is There Room in the Luxury Market for Hyundai?

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Comments

  • bobadbobad Member Posts: 1,587
    I won't consider a "throw-away" everyday Hyundai. Why would I pay more for a Korean POS car? If I want a Luxury vehicle I'll buy MB, BMW, or Cadilac. The rest are poser mobiles.

    Some folks don't buy nice cars to grin and ride around the hood showing off their fancy car. Some owners value quality and reliability more than a little badge stuck on the hood.

    Wait, Cadillac? :D:D:D
  • lemkolemko Member Posts: 15,261
    That's why I drive Cadillacs and Buicks!
  • colloquorcolloquor Member Posts: 482
    "Why would I pay more for a Korean POS car?"

    Because it's NOT a POS car. Having owned a number of domestic and European cars since 1968, I assure you a Hyundai will be more reliable, and have fewer trips to the dealer for problems, than the vast majority of high-end European cars. This is based on my own personal experience, and not unfounded conjecture.
  • fintailfintail Member Posts: 58,500
    I also see a Toyota when I see a Lexus, but I've got to hand it to them for an amazingly effective branding and marketing strategy. They know the market.

    The sales and service experience is worth at least as much as the badge, especially for the new kid on the block.
  • millwood0millwood0 Member Posts: 451
    "Why would I pay more for a Korean POS car?"

    because you don't know better?
  • jimbresjimbres Member Posts: 2,025
    What would you have done differently, promotion/marketing wise, to be more successful at selling the Genesis sedan...

    I can't speak to marketing, but one design change I would have made would have been to offer optional AWD. With it, the Genesis would have stolen many sales from the Infiniti M, which is probably the Japanese luxury sedan that most closely resembles the Genesis. Without it, the Gen has been a sales flop (or pretty close to it) here in the Northeast, where premium car buyers have been conditioned over the past decade to see AWD on the option sheet.

    That raises an interesting marketing question: is there something that Hyundai can do to remedy the situation until it can bring an AWD variant to market? Suppose Hyundai were to offer free winter tires (& no-cost seasonal tire changeovers) to all snowbelt Genesis buyers? Would that pump up sales?
  • jimbresjimbres Member Posts: 2,025
    If I want a Luxury vehicle I'll buy MB, BMW, or Cadilac[sic].

    Well, we know this much about you: you've never owned a Cadillac. If you had, you'd know how to spell the car's name.
  • lemkolemko Member Posts: 15,261
    If I want a luxury vehicle, I'll buy a Cadillac, Lincoln, Imperial, or Packard!
  • backybacky Member Posts: 18,949
    Or, Genesis buyers who live in the snowbelt could take a small portion of the thousands of dollars they save and buy a set of winter tires?

    I drove RWD cars in Minnesnowta for the first 10 years I had a license. More recently, I owned a 328Ci, which had ABS and traction control and ESC. None of the other RWD cars had traction control or even ABS. I coped just fine. I drove a Genesis 3.8 on a torture track that included a slick plastic tarp wetted down with soapy water. It handled that mess just fine, with its standard tires.

    In other words, I think the need for AWD for most drivers is overstated, especially with today's cars with ABS/traction/ESC. Maybe if I lived in the mountains near Denver, I'd get an AWD vehicle--or at least have a set of winter tires. But for in-town driving in most of the country, I think AWD is a "nice to have" vs. a necessity.
  • jimbresjimbres Member Posts: 2,025
    In other words, I think the need for AWD for most drivers is overstated, especially with today's cars with ABS/traction/ESC.

    You're preaching to the choir. I happen to agree with you. But you & I are in a minority. Most premium car buyers in the snowbelt are now convinced, rightly or wrongly, that AWD is absolutely indispensable. Any manufacturer planning to launch a new offering in this segment of the market must factor in this attitude. Otherwise, the car will sell poorly. You can count on that.

    In my area (metro NYC), we don't get much snow, & AWD is just so much extra, useless weight 350 days of the year. And yet if you stand for a day on a corner of my affluent, import-friendly town, you will see almost no premium RWD sedans. Almost all of the C, E & S-class Mercedes Benzes will be the "4-matic" versions, just as 95 percent of the M (the Gen's closest competitor) & G Infinitis will be the "x" AWD variants.

    (You'll have to stand on that corner for several days before you see even one Genesis. I've seen no more than 4 or 5 since Hyundai introduced it.)

    You can't fight that sentiment. You shouldn't even try, even if you're right. (And I believe that you are.)

    A veteran Hyundai salesman even told me, without prompting, that when a prospective buyer says that he (the customer) is cross-shopping the Gen against the Infiniti M, he (the salesman) knows that he won't make the sale. This sales pro wonders out loud how Hyundai could have been so short-sighted as to introduce an RWD-only vehicle into the country's #2 (after SoCal) market.

    I wonder the same thing. The Genesis may be a great success down South, but it's a flop around here.
  • tenpin288tenpin288 Member Posts: 804
    This sales pro wonders out loud how Hyundai could have been so short-sighted as to introduce an RWD-only vehicle into the country's #2 (after SoCal) market.


    - Confirmed next-gen Genesis platform will have AWD option


    This is from my post back at message #4307. Check it out for more info Hyundai's plans for the Genesis and even the Azera! ;)
  • jimbresjimbres Member Posts: 2,025
    Good. But when?

    I see the Infiniti M as the Gen's closest competitor & a car from which the Gen can & should poach sales. The current generation M has had AWD since its introduction almost 5 years ago (as a 2006 model). The next generation M will hit Infiniti showrooms this spring.

    I could be wrong about this, but I think that Hyundai could have purchased an off-the-shelf AWD system for the current generation Genesis. If this is true, why didn't Hyundai do this?

    You are simply not a credible competitor in the upscale sedan market in the colder parts of the country if you don't offer AWD. I can't begin to guess how many Genesis sales Hyundai lost by not acting on this.

    Keep in mind that I like the Genesis. I would give it serious consideration if I were in the market for a new car (I won't be for at least another year) & that I wouldn't let the absence of AWD keep me from buying it. But I'm in a minority in my neck of the woods.
  • backybacky Member Posts: 18,949
    I see the Infiniti M as the Gen's closest competitor & a car from which the Gen can & should poach sales.

    Looks like that's been done.

    2008 M Sales: 15,618
    2009 M Sales: 8,501

    2008 Genesis Sales: 6,167
    2009 Genesis Sales: 21,889

    For December 2009 (i.e., the start of winter), M sales were 808 and Genesis 2,354. If lack of AWD is hurting Genesis sales vs. the M, the sales figures don't reflect that.

    (Note that the Genesis figures include the coupe.)
  • jimbresjimbres Member Posts: 2,025
    If lack of AWD is hurting Genesis sales vs. the M, the sales figures don't reflect that.

    I'll bet they would if they were broken down by region.

    I'm quite sure that the Genesis has been a Sunbelt success, & that it has hurt the M in markets where AWD availability doesn't matter. We saw more Gens during a 4-day Florida trip earlier this year than we've seen in the Northeast since Hyundai introduced the car.

    But when I look around & count 50 Infiniti Ms - 48 of which are AWD - for every Genesis, I have to wonder how many more cars Hyundai would have sold if it had brought the right feature set to market. And I'm not in the sticks - I'm 30 miles from midtown Manhattan in one of the most affluent suburbs in the U.S.

    Again, I'm not knocking the car, which I happen to like. I blame Hyundai's marketing people for apparently not understanding that the U.S. isn't one market - it's a whole bunch of markets, each of which has to be understood separately. Otherwise, they would have grasped the painfully obvious: you can't sell sedans at this price point in the Northeastern U.S. in any meaningful numbers without an AWD option.

    You can be sure that people here would line up in front of Hyundai dealers for a competitively priced AWD alternative to BMW, Mercedes & Lexus. I just can't figure out why Hyundai didn't see that. It's really too bad.
  • backybacky Member Posts: 18,949
    But when I look around & count 50 Infiniti Ms - 48 of which are AWD - for every Genesis...

    Do you think part of that is that the M has been available a lot longer than the Genesis?

    Also, how do you know that the reason you don't see more Genesis sedans in "one of the most affluent suburbs in the U.S." is because of brand snobbery rather than lack of AWD? Maybe folks in the South and Midwest are a little more down-to-earth on their vehicle purchases than the folks in your affluent suburb. I'll bet if you asked them, "If Hyundai offered an AWD luxury sedan, would you seriously consider buying one?", the vast majority would say, "No way!" Hyundai has come a long way, but I doubt there's many members of the Westchester Country Club who would want to be seen driving up to the valet in their Hyundai.
  • jimbresjimbres Member Posts: 2,025
    Do you think part of that is that the M has been available a lot longer than the Genesis?

    Perhaps, but that cuts both ways. Because the M has been out since the spring of 2005, it's no longer fresh & new, so that prospective buyers should be that much more receptive. Someone who leased an '06 M for 36 months would have been a hot prospect for an AWD Genesis when his lease ran out, given that the '09 M wasn't all that different from what he had been driving for 3 years.

    Also, how do you know that the reason you don't see more Genesis sedans in "one of the most affluent suburbs in the U.S." is because of brand snobbery rather than lack of AWD?

    Good point. But a nasty recession works against that attitude & in favor of a value-priced newcomer - if the newcomer is properly equipped for that particular market. People aren't as well off as they were 3 or 4 years ago, & many of them are looking for less expensive alternatives. If I can save a lot of money by replacing an E-class MB with a Genesis & still be satisfied with the driving experience, I'd be a fool not to at least think about it. But since 90+% of the Es around here are 4-matics, the Gen had better come with AWD.

    In short, I do think that not offering AWD on the Genesis was a mistake, & not a trivial one. But I also think that Hyundai is better than most big companies at learning from its mistakes, so I'm expecting great things from the next generation Genesis.
  • toyetoye Member Posts: 351
    This sounds like Hyundai is going the direction of making the Genesis a name brand within Hyundai. My gut feeling is the Equus will carry the "Genesis" name.
    If what John K is correct we may see the original Genesis, the coupe, Genesis SUV, and smaller Genesis and Equus. Possibly 5 cars in 3-4 years under the Genesis nameplate.
  • backybacky Member Posts: 18,949
    I guess Infiniti made the same mistake with the M45, didn't they? In time they did come out with an AWD version. Hyundai has plans to do the same with the Genesis. Then I guess we'll see tons of them parked at the Westchester Country Club. ;)
  • jimbresjimbres Member Posts: 2,025
    I guess Infiniti made the same mistake with the M45, didn't they?

    Are you referring to the 1st generation (pre-2006) M45? If you are, then I'd certainly agree with you.

    Jeez, but that was an odd-looking car. Great motor, peculiar body.
  • backybacky Member Posts: 18,949
    No, when the 2nd-gen 2006 M45 came out, there was no AWD version. That did not come until the 2008 MY.
  • jimbresjimbres Member Posts: 2,025
    Forgot about that. You're right. Really bad timing on Nissan's part. The M45x showed up for the party just when gas prices began to shoot up.

    I don't think that I've seen more than 3 of them.
  • rodger12rodger12 Member Posts: 6
    Actually, just the opposite
  • rodger12rodger12 Member Posts: 6
    Quality and reliability? How about resale value? I wonder why that is never mentioned when people are boasting about Korean cars? You sodomize Domestics for that same reason, but when you are trying to support your opinion for Korean crap, that part is amazingly left out of the conversation.

    Hyundai is a JOKE! no matter how much you try and put a spin on it. It will never be considered Luxury in anyone, but a diehard Posur's, mind. Eat it and weep.
  • craigmricraigmri Member Posts: 243
    rodger12,

    The tone of your message suggests you have a personal agenda if not anger as it relates to Hyundai.

    Have you driven a recent Hyundai? Have you been actually reading what the major industry news has been saying about Hyundai? Have you been to a Hyundai factory?

    I have and in addition, I currently own two of their recent products and find your post has little credibility.
  • backybacky Member Posts: 18,949
    Consider... what if someone just bought a "luxury sedan" for, say, $50k+. Then he/she hears talk of Hyundai offering a "luxury sedan" for starting in the low $30k range MSRP. What if it's true that there's a viable alternative to what that person just bought, for many thousands of dollars less? Plus this alternative is likely to be more reliable than many luxury cars, and have a longer warranty to boot.

    Can you envision a major case of cognitive dissonance developing, leading perhaps to anger? I can.
  • toyetoye Member Posts: 351
    The most impressive articles to date about Hyundai and how their competion is now running scared. Not only that I just read an article that Hyundai has just started to produce its own steel in a state of an art facility that will produce enough quanity to fufill its aggresive desire to build more cars. No other automotive group in the world has this capability.
  • jimbresjimbres Member Posts: 2,025
    Does your father know that you're using his computer?
  • rustyshuntrustyshunt Member Posts: 3
    Hyundai's Head of product planning and marketing should be hung, and beaten

    This Hyundai luxury experiment is a failure so far, much less looking at increasing their luxury offerings, which would reach epic failure! :sick:

    This is on top of all the other rookie marketing mistakes Hyundai is making after 25 years in The States!

    The Genesis sedan sells 10-15k units annually. That should be a hint that Hyundai luxury isn'y going over well. But Hyundai ignores the market's sensibilities incredibly well! :P

    They will release Equus, and it is a nice LS460-knockoff. If they are really lucky, if they do a really good job pushing it, it will sell 5k units it's first year, then drop to 3k annually

    So let me get this str8.

    They're going to sell less than 20k units of luxury offerings, out of their existing Hyundai dealers, and make dealers pay for special training of sales staff, service personnel, parts, and a very luxurious Velvet Rope :surprise: to let you know this is not a Hyundai Elantra or Accent.

    This is a really EXPENSIVE HYUNDAI!

    Will they break even, after all the advertising? I doubt it!

    Not only is the set-up stupid, and cheap, but VW failed with the EXACT SAME PLAN 8 years ago!~

    Ok, send in the clowns.
    Rusty
  • captain2captain2 Member Posts: 3,971
    Then he/she hears talk of Hyundai offering a "luxury sedan" for starting in the low $30k range MSRP.
    and nobody will be there to tell him that or even tell him he owns one after he buys it - even if that is what he wants to hear. There can never be a Hyundai branded 'luxury car' much less one sold at a paltry $35k or so. Contradiction in terms.
    I guess there could be a Genesis branded 'luxury car' but Hyundai seems intent on ignoring what has and has not worked in that regard for the last 25 years or so.
  • toyetoye Member Posts: 351
    The current Fortune has a front cover story about "Hyundai smokes the competition". This not the company 20 years ago some people still think exists.
  • captain2captain2 Member Posts: 3,971
    This not the company 20 years ago some people still think exists.


    this indeed may be absolutely true - the problem is that not enough people feel that way. Opinion - most autobuyers think of Hyundai on the same plane as the D3 mfgrs. right now. It's not about quality or even value - its about perceptions and that unfortunate cross that Hyundai still bears. Its not that things haven't changed and changed relatively quickly, it's more to the point that most consumers simply don't know or accept it.
    It is when the autobuyer walks into a Hyundai dealer and knowingly spends MORE (like he would at a Honda dealer, for example) That is when Hyundai has begun solving that perception issue, and probably also a better time to garner any acceptance amongst the lux brands albeit as some different brandname.
  • toyetoye Member Posts: 351
    Here is the link to the article in Fortune

    http://money.cnn.com/2010/01/04/auto...tune/index.htm

    The cover of Fortune shows a mencing Equus with shark like grill on the attack with the Hyundai logo on the front bumper.

    This article will change alot of peoples perception but of course there will be always a few to dismiss or be in :mad: denial
  • backybacky Member Posts: 18,949
    most autobuyers think of Hyundai on the same plane as the D3 mfgrs. right now...

    OK, then you admit that most buyers perceive that Hyundai is quite capable of producing luxury cars, since that is certainly true for some of the D3.

    As for a Hyundai buyer paying more for a Hyundai than at a J3 dealer... check out the Sonata Prices Paid discussion starting in February, and see what buyers are paying for the 2011 Sonata. I guarantee you some will pay more than for a Camcord.

    Meanwhile, the fact that Lexus and Infiniti vehicles are typically lower priced than comparable European models hasn't stopped Lexus and Infiniti from getting a "perception" issue. Why should the fact that the Genesis costs less in MSRP than most of its competitors cause a perception issue?
  • fintailfintail Member Posts: 58,500
    A 404 is a 1960s Peugeot, not a Hyundai :P

    Equus isn't a very menacing looking car. It's going to need a restyle before it is competitive here. Does the Fortune image have that hilarious hood ornament?\\
  • toyetoye Member Posts: 351
    It looks like the great white JAWS. I think that they will not have the hood ornament and when it does come over here it may be under the Genesis name.

    I was fortunate to see the Equus in person last fall and was truly impressed. I'll never forget a lady was telling her husband why djd the dealership have a 7 series BMW in the middle of the Hyundai showroom. When the husband explain to her that it was the new Equus from Hyundai her mouth dropped as she was truly impressed by Hyundai's latest achiement.
  • fintailfintail Member Posts: 58,500
    Under the Genesis name...that would be interesting. Genesis as a brand, or some kind of "Genesis Ultra" idea? Maybe it will show a future branding strategy.

    Did the car you saw have the hood ornament?

    My mother thought an Infiniti M was a Buick...so experiences may vary :shades:

    This looks as much like a 7er as my left thumb:

    image

    More like a gigantic Azera with more trademark Asian huge headlight clusters. Very clean and inoffensive from the side...not so much from the front.
  • toyetoye Member Posts: 351
    The ornament was on the front with a different set of wings(Genesis) on the back, wheels and steering wheel. The Equus in person demands respect. Interior was a quite more luxurious than the Genesis and rich in detail. They definitely aimed for the BMW 7 series, MB S series, and Lexus 460 LS. It also had the back seat entertainment system installed which may or may not be included in the US specs. When I was checking it out there was 4 other sets of people who came to the dealership just to see the Equus. Hyundai doesn't expect it to be a huge seller but to give the big boys notice that they to can produce a truly world class automobile. My gut feeling it will be name something like Genesis VS 460.
  • fintailfintail Member Posts: 58,500
    Does the car wear an H anywhere?

    Demands respect? I think that's being generous ;) The competition doesn't even do that...I won't get excited unless it is an AMG or Alpina version of those cars...but that's just me. Normal S or 7er...meh.

    I will say had I seen one at the local dealer, I too would have stopped, just to see something not (yet) from this market.

    Do you think they'd use a Lexus numeric designation like that?
  • toyetoye Member Posts: 351
    As of last week Hyundai still hasn't decidedof the name. If it would been Equus then they would have announced it already. IF Hyundai wants to play with the big boys then nthey would be best to adapt the same way on naming cars with letters and numbers under the genesis name plate. After reading that article Hyundai is on a mission to become the most repected automaker in the world and hell may just freeze over in the process.
  • tjc78tjc78 Member Posts: 17,061
    This looks as much like a 7er as my left thumb:

    I agree nothing like a 7. Actually, I think the side profile of the Equus is very similar to the new LaCrosse,

    image

    2025 Ram 1500 Laramie 4x4 / 2023 Mercedes EQE 350 4Matic / 2022 Icon I6L Golf Cart

  • backybacky Member Posts: 18,949
    Only the side swoosh is similar. The greenhouse is totally different--much more airy on the Equus. I think the LaCrosse looks claustrophobic.
  • lemkolemko Member Posts: 15,261
    Hope they give it a better name when it comes here than Equus which literally means "Horse." I remember seeing the Equus at the Philadelphia Auto Show and I thought it was quite impressive...for a Hyundai. I don't think I'd yet be comparing it to a 7-Series.
  • captain2captain2 Member Posts: 3,971
    then you admit that most buyers perceive that Hyundai is quite capable of producing luxury cars, since that is certainly true for some of the D3.

    No I don't.
    Cadillac is quite capable of producing a luxury car, but Chevy and Buick aren't despite the fact that the cars themselves (eg Lucerne vs a DTS) may be quite similar. The Hyundai brand in this respect is very much like Chevy, and certainly does not share the same sort of lux perceptions (or prices) that Caddy ( or a Lexus/Infinti etc etc.) do, for example.
    No, the fact that the Gen sedan is priced lower than what you think is the 'competition' doesn't necessarily exclude it from the lux fraternity, it is more a condition of the brandname - which is decidedly non luxury. Higher prices are only one (of several) conditions that a luxury car should meet.
    Just as I have said countless times, Chevy, Toyota, Honda or any of the other mainstream brands can't be 'luxury' either - for the same reason. If you think that a Cadillac is the same thing as a Chevy, a Toyota the same thing as a Lexus, an Audi the same as a VW, an Infiniti the same as a Nissan, etc. etc. then I would suggest you won't understand the whole perception (and marketing) thing that makes a luxury car a luxury car.
  • toyetoye Member Posts: 351
    Its one thing to see it, but it's another thing to be in it and feel it, yet another thing to drive it (which I have not yet)!
  • captain2captain2 Member Posts: 3,971
    OK if all 'luxury' is about is a set of physical specs and bling as backy would have us believe, then point taken. ;)
  • backybacky Member Posts: 18,949
    Au contrare... it is the difference between a luxury car and a brand name. You are focused on the brand name. I am focused on the car. To me, the capabilities and features of what I drive every day are more important than the little metal or plastic badge on the car. If you think the little plastic or metal badge is all-important, so be it.
  • backybacky Member Posts: 18,949
    You are talking in circles. Last time I checked, Cadillac is a part of the D3. You are also now saying price is not an issue in considering whether a car is a luxury car, yet in many previous posts that is exactly what you said.

    I have to chuckle with the thought that slapping a "Genesis" badge on the Genesis sedan (which can be done for a few bucks, btw) will instantly and magically make it a luxury car, when it otherwise is not (according to you).

    BTW, in some countries, a Toyota is the same thing as a Lexus.
  • tjc78tjc78 Member Posts: 17,061
    If you think the little plastic or metal badge is all-important, so be it.

    Unfortunately most of America is "badge" conscious. Look at all the fancy $300 women's purses with the little "Cs" all over them or the $150 slippers they call "Ugg". Its just the way it is. I cannot tell you the amount of times that people (as a joke or maybe not) think I traded down by replacing my 06 Avalon with an '09 Genesis. All they have to hear is "Hyundai" To me is was a lateral move much like going from an Accord to an Altima.

    2025 Ram 1500 Laramie 4x4 / 2023 Mercedes EQE 350 4Matic / 2022 Icon I6L Golf Cart

  • toyetoye Member Posts: 351
    Unless you own the Genesis in which I have since April, one can't understand the attention this vehicle gets. Every time I take the car for a drive, errands, trips I get stared at (not because of looks anymore) people come to me and ask to see the Genesis, everyday!!! The response to this vehicle has been overwhelming. In my opinion the Genesis is the game changer for Hyundai. I stopped at the local dealership yesterday was able to see the 2011 Tucson for the first time. It blew me away!! The 2011 Sonata will be in showrooms in a month and from the pictures that is going to be another game changer for Hyundai. I'm now thinking that Hyundai can no longer an considered an underdog. They are rapidly becoming the product to beat and not the other way around.
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