Hyundai beats Volkswagen with world’s 2nd-largest Q1 profits
Hyundai is on fire in more ways than one—literally and figuratively. On one hand, the brand has been making waves with innovative designs, cutting-edge technology, and strong performance across various models, earning accolades and increasing market share. On the other hand, the company has faced serious issues with engine fires, leading to recalls and safety concerns. This duality reflects the complex landscape Hyundai navigates as it continues to push boundaries while addressing significant challenges in quality and safety.
Hyundai is gradually turning into what Nissan used to be, while Nissan is becoming more like the old Hyundai.
U.S. cars are becoming increasingly expensive due to the prevalence of premium models and crossovers, with even basic offerings like the Toyota Corolla now exceeding $30k. Americans often take on debt for purchases beyond their means, which allows prices to continue rising as more features are added. This situation presents a perfect opportunity for more affordable brands like Nissan, Mitsubishi, and Hyundai to thrive in the value market, especially since global wages have not kept up with these rising costs.
In 2014, I took a chance on Hyundai and purchased a Genesis sedan, which I never imagined I would do, especially for a V8 rear-wheel-drive car with over 400 horsepower. It remains my daily driver, now with 170,000 miles on it. I haven’t needed any major maintenance—just routine tire changes, fluid replacements, and, more recently, a few rubber bushings.
During challenging economic periods, people require more affordable vehicles. It’s that straightforward.
The Ioniq 5 is an excellent car, and my brother is planning to get one.
Many people here seem to credit their success to being budget-friendly, but that’s a bit of a joke. Kia and Hyundai are now on par with Mazda in terms of pricing, and Genesis is as pricey as Lexus. Their success comes from providing stunning, modern vehicles that offer comparable reliability to American brands. Additionally, they’re launching some of the best electric vehicles available, assuming the reviews are accurate. Dismissing them as merely cheap reflects a narrow viewpoint.