Hyundai expects to import 2011 Elantra from Korea to meet U.S. sales demand

Article by Christian Andrei, on January 31, 2011

Hyundai Motor Co. said that it will have to ship the new generation Elantra small car from Korea in anticipation of the 10% U.S. sales increase to 590,000 units predicted for this year.

Sales started last December for the redesigned 2011 Elantra, the first American-made version of the popular compact. Hyundai’s assembly plant in Montgomery, Ala., produces the new Elantra alongside the Sonata sedan.

Hyundai CFO Lee Won-hee said that its forecast of 590,000 units sold in the U.S. in 2011 is up from 538,228 vehicles in 2010.

And as Hyundai’s annual production capacity at the Montgomery plant is only 330,000 units, the vehicles will have to be brought in from Korea. Last year, the plant rolled out about 196,000 Sonatas. In 2010, 132,246 units of the Elantra were sold.

However, Elantra sales more than doubled in December, when the new model arrived, to 13,096 vehicles, compared to 5,763 units in 2009. Spokesman Frank Ahrens said that with the reviews and the pricing of the Elantra, the company is very optimistic about the model. [via autonews - sub. required]

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The highlight of this year’s Consumer Electronics Show may be based on some of these keywords---connectivity, integration and partnership. Just like in the previous year, you’ve probably heard and read...
by - January 16, 2017
Less than three weeks to go and the Super Bowl LI – one of the most awaited and most watched sports events in television – will commence on February 5,...
by - January 16, 2017
New Tesla vehicles will have to pay when charging at any of the carmaker’s Supercharger stations once they exceed their annual limits. This comes as Tesla Motors announced revisions in...
by - January 16, 2017
Off-road driving with an open air vehicle provides another kind of experience for many off-road enthusiasts and fans. For this sake, Ford is planning to offer a version of the...
by - January 16, 2017
For those who love driving, future autonomous cars should be like the Toyota Concept-i that is drawing in a multitude of visitors at the 2017 Consumer Electronics Show in Las...
by - January 15, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries