There Are Too Many New Hyundais Coming To America
New challenges preserve arising as the auto industry carries on to speedily adjust to the new typical the coronavirus pandemic has created. Automakers, these types of as FCA, are executing all the things they can to induce gross sales, these types of as offering zero p.c curiosity for above 7 yrs and deferring payments for 90 days. Matter is, a majority of FCA’s cars are created in the US or Canada. What about automakers like Hyundai in which a higher number of its designs are created overseas? This situation has actually turned into a dilemma for the South Korean automaker.
Reuters stories there is certainly now an unknown number of South Korean-created Hyundai designs sitting down in US ports simply because dealerships in this article are in no rush to invest in them. With gross sales down, inventory is climbing and there is certainly simply no home for them on lots. Bear in mind, dealerships are privately owned franchises and they have to invest in new cars from automakers and then shell out curiosity every single month for unsold inventory.