SEOUL, Apr. 11 (Korea Bizwire) – In the first quarter (January-March) of the South Korean automobile market, SUVs and vans, collectively known as RVs (recreational vehicles) locally, captured the top four spots in sales rankings. Hyundai’s Grandeur, which had consistently held a place in the top five, fell to sixth position, leaving no sedans among the [...]
SEOUL, Oct. 6 (Korea Bizwire) – In the competition of new car sales, Kia’s Sorento has maintained its edge over Hyundai’s Santa Fe. The Sorento offers both internal combustion and hybrid models, whereas the Santa Fe only comes with conventional powertrain options, although Hyundai is expected to release a hybrid model later this month. According to [...]
SEOUL, Sept. 27 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Wednesday it will launch the face-lifted GV80 SUV and the first coupe model under its independent Genesis brand in the domestic market next month as it beefs up its lineup. Hyundai Motor launched the first-generation GV80 SUV in January 2020 and has since [...]
SEOUL, Sept. 26 (Korea Bizwire) – The midsize SUV market is gaining popularity in Korea, and it’s influencing the way cars are manufactured. Currently, SUV factories are working at full throttle, churning out a large number of vehicles, while production facilities dedicated to manufacturing sedans are experiencing a slowdown in output. This situation is evident at [...]
SEOUL, Sept. 20 (Korea Bizwire) — KG Mobility, formerly known as SsangYong Motor Co., on Wednesday launched the all-electric Torres EVX SUV in the domestic market to beef up its product lineup. The Torres EVX SUV is KG Mobility’s second battery-powered model after the Korando Emotion launched in the domestic market in February 2022. KG [...]
SEOUL, Aug. 30 (Korea Bizwire) — Audi Korea announced on Tuesday the launch of the 2023 versions of the Q4 40 e-Tron and Q4 Sportback 40 e-Tron all-electric compact SUVs. The Q4 40 e-Tron and Q4 Sportback 40 e-Tron offer a single-charge range of about 410 kilometers each. This marks an increase of 43 kilometers for [...]
SEOUL, Aug. 30 (Korea Bizwire) — Hyundai Motor Co.’s labor and management have made the strategic decision to repurpose a sedan production line in response to the growing demand for SUVs. Sources familiar with the industry confirm that this decision was reached on Tuesday during a meeting of the Employment Security Committee at the carmaker. [...]
SEOUL, May 12 (Korea Bizwire) — Sedans are losing ground at a rapid pace in the South Korean car market as the share of sport utility vehicles (SUVs) expands due to their larger interior space, convenient functions, and leisure-friendly lifestyle. The share of SUVs among new car sales in the country has been on an [...]
SEOUL, May 8 (Korea Bizwire) — Hyundai Motor Group’s sport utility vehicles (SUV) are driving sales in the United States, the “home of SUVs,” and are receiving high praise from both customers and automotive publications. Hyundai Motor Co. and its affiliate Kia Corp. sold 381,606 SUVs in the U.S. market from January to April, up 18.6 [...]
SEOUL, Oct. 18 (Korea Bizwire) — Sport utility vehicles (SUVs) are sweeping South Korea’s car sales charts this year, thanks to a shift in consumer sentiment resulting from the COVID-19 pandemic and carmakers’ profitability-centered strategy. The domestic sales of SUVs, including recreational vehicles (RVs), stood at 618,384 units in the first nine months of this [...]