2014 Hyundai Santa Fe Sport 2.4l on 2040-cars

Auto blog

Hurricane Sandy cost automakers 15,000 vehicles, may have ruined up to 200k

Hurricane Sandy was the largest Atlantic storm in US history, and its total economic impact is just now coming into view. According to Automotive News, Toyota, Chrysler, Nissan and Honda are set to scrap around 15,000 new vehicles ruined by the storm. Nissan alone accounts for about 40 percent of those, with 6,000 Nissan and Infiniti models deeded "un-saleable" due to damage. The company saw 56 dealerships shuttered due to the storm, but 51 of those have since reopened.
Toyota, meanwhile, had some 4,000 vehicles at its Newark port facility, and of those, 3,000 may be scrapped. An additional 825 were dealer inventory when they were ruined. Honda and Acura dealers are reportedly sending 3,440 vehicles to the salvage yard. By comparison, Chrysler weathered the storm fairly well with 825 units destroyed, while Hyundai suffered only 400 lost units and Kia scrapped around 200.
As you may recall, Fisker also suffered some losses, and Automotive News reports the manufacturer saw 320 Karma models damaged beyond repair. Ford and General Motors have yet to come up with estimates, and no automaker has commented on the full cost of replacing the vehicles.

2015 Hyundai Sonata confirmed for New York debut

Despite receiving a host of improvements for the 2014 model year, the next-generation Hyundai Sonata is right around the corner. During a technical briefing today, Hyundai's North American CEO, John Krafcik, has confirmed to Autoblog that the 2015 Sonata will debut at the 2014 New York Auto Show in April.
The Sonata will be one of Hyundai's three major launches coming in the first half of 2014. First will be the 2015 Genesis sedan, which will bow at the 2014 Detroit Auto Show, and also coming in 2014 is a new fuel-cell vehicle from Hyundai.
Despite the current Sonata's age relative to key rivals, it's still doing rather well for Hyundai. Krafcik told us that the sedan currently has a 42-day dealer supply, which is lower than its fresher competitors. The nipped/tucked 2014 Sonata should help keep that momentum going until this all-new 2015 model arrives next year.

Hyundai, Kia ratchet up fleet sales as retail transactions slide

Automotive News reports both Hyundai and Kia have stepped up fleet sales in an attempt to offset disappointing first quarter results. The Korean automakers saw their sales decline by nine percent compared to last year, while all major competitors managed to increase their sales. That situation marks an inversion of two years ago, when both gained ground after Japanese rivals suffered production and inventory shortages after the country's earthquake and tsunami tragedies.
Now, Hyundai can't come up with enough volume models in popular trim configurations to satisfy buyers, and lower-volume models are also in a snag. At the moment, Hyundai can only build 20-30 percent of Veloster hatchbacks with turbocharged engines while the US market would apparently support closer to 70 percent.
In order to reverse the sales slide, Hyundai and Kia have stepped up fleet sales of the vehicles they do have by some 50 percent, ringing up a total of 42,400 units in the first quarter. By contrast, Automotive News reports the seven largest automakers increased retail volume by seven percent and fleet sales by four percent as a group.