Hyundai cut its global sales demand forecast in 2012 to 77.1 million units

Article by Anita Panait, on July 27, 2012

Hyundai Motor Co. expects the global auto industry to sell a total of around 77.1 million units in 2012, cutting its previous forecast in April by around 500,000 vehicles. According to Lee Won Hee, Hyundai’s Chief Financial Officer, the industry-wide demand for vehicles in Europe will drop to 6.43 million vehicles in the second half of 2012, after car manufacturers sold around 7.65 million units in the first six months this year, amid the deteriorating economic situation in the continent.

Hyundai’s revised forecast comes as industry-wide sales in Europe fell 3.2 percent, according to data compiled by Bloomberg. Lee said that although the economic situation in Europe will worsen in the second half of 2012, the Korean carmaker will still able to achieve its global sales target.

Seoul-based Hyundai posted a 10-percent increase in net income for the first half of 2012 to KRW2.55 trillion ($2.2 billion), surpassing the KRW2.43 trillion net profit average of 26 analyst estimates compiled by Bloomberg.

The company logged a 9.2-percent increase in sales in the first half of 2012 to KRW21.94 trillion. The company’s strong first-half performance in Europe, where sales surged 18 percent, was mainly attributed to the solid sales posted by its Hyundai ix35 sports utility vehicle, also known as the Tucson outside of Europe.

The dimensions of the new Hyundai ix35 speak for its charming appeal. It measures 4,410 mm in length, 1,820 mm in width and 1,660 mm in height, making it longer (plus 85 mm), wider (plus 20 mm) yet shorter (minus 20 mm) than the previous model. Its wheelbase measures 2,640 mm wheelbase which is 10mm longer than the outgoing Hyundai Tucson. At 4410mm and 1820mm, it is also longer and wider than its predecessor (by 85mm and 20mm, respectively) greatly improving the interior cabin space but the overall height of 1660mm has been lowered by 20mm without affecting headroom.

With greater dimensions and longer wheelbase, the new ix35 offers more space than its predecessor. In fact, thanks to greater travel for the front seat adjustments, drivers could enjoy increased levels in legroom and headroom. In addition, Hyundai has enlarged the center console box to 6.2 liters and raised the height of the rear cargo screen to allow customers to store more luggage. In addition, the rear cargo area now has a small storage binnacle.

For customers in Western Europe, the new Hyundai ix35 will be available in two petrol and two diesel engines. Petrol powerplants include the Theta-II 2.0 that delivers 166 PS of output and 20.1 kg.m of torque while emitting only 178 grams of carbon dioxide per km (figures for the two-wheel drive version with manual transmissions. Starting November 2010, the new Hyundai ix35 will also be available with the Gamma 1.6 GDI engine that generates 140 PS of output and 17 kg.m of torque, while returning just 158 grams of carbon dioxide to the atmosphere. Once ISG stop-start technology is paired with this engine, its carbon dioxide emissions level drops to just 149 g/km.

Diesel engine line-up, meanwhile includes the R 2.0 mill in two power configurations – a unit that delivers 136 PS of output and 32kg.m of torque while emitting a 158g/km (4WD MT) of carbon dioxide; and a powerplant that develops 184 PS and 40kg.m while with emissions levels of 165 g/km (2WD MT). Starting November 2010, the U-II 1.7 diesel engine will become available, with power output of 115 PS and torque levels of 26.0kg.m. Once fitted with ISG, this engine only emits 149 grams of carbon dioxide per/km (2WD MT).

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Topics: hyundai, sales

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