Why Toyota Camry’s Korea Car of the Year win is a big-time upset

Why Toyota Camry’s Korea Car of the Year win is a big-time upset

February 26, 2013 by · Leave a Comment 

Filed under: Sedan , Toyota , South Korea The 2013 Toyota Camry is officially the car of the year in Korea . The country’s motoring press graced the Japanese sedan with the honor for the first time, officially marking a shift in prevailing Korean attitudes toward Japan and its products. According to industry analysts, buyers in the country are no longer simply choosing their purchases based on whether or not they’re made in South Korea, but rather based on quality and personal choice. That’s a big jump from a few years ago, when buyers viewed their purchases through a patriotic lens. The Camry managed to edge out a total of 44 other cars, including hardware from both Hyundai and Kia , to become the first foreign vehicle to take home the Korea Automobile Journalist Association’s Car of the Year award. As The Detroit News points out, just 10 years ago, domestic manufacturers held some 99 percent of the Korean car market. But a change in trade regulations has opened up the country considerably, and buyers now have access to a wide range of products from around the globe. As a result, Hyundai and Kia have countered by cutting prices in an attempt to keep their grip on the market. Why Toyota Camry’s Korea Car of the Year win is a big-time upset originally appeared on Autoblog on Tue, 26 Feb 2013 07:58:00 EST. Please see our terms for use of feeds .

Hyundai/Kia will likely top Toyota/Lexus for No. 3 sales spot in May

Hyundai/Kia will likely top Toyota/Lexus for No. 3 sales spot in May

June 1, 2011 by · Leave a Comment 

Filed under: Car Buying , Japan , Hyundai , Kia , Lexus , Toyota If forecasts from TrueCar.com are accurate, Hyundai and Kia will be the only automakers to post sales gains in the month of May. Mildly interesting news in itself, but the real shocking nugget is that the Korean conglomerate is expected to pass Toyota (including its Lexus luxury brand) as the third-best-selling automaker in the United States. Surely there are multiple reasons why Toyota and Lexus sales are expected to drop in May (when compared to April, 2011 and May of 2010), but parts and inventory shortages stemming from the devastating earthquake and subsequent tsunami in Japan are front and center. Credit also goes to Hyundai and Kia for the dramatic gains they have made on their Japanese and American competitors in the last few years, both in sales and in consumer perception. That said, Toyota seems likely to rebound in the coming months, so it will be an interesting exercise to follow the sales charts. When all the numbers finally come in, TrueCar.com expects the month of May to show an eight-percent drop in sales from April. As you would expect, shortages of cars imported from Japan is partly to blame, but lowered incentives from all automakers is also cited as a contributing factor. Hyundai/Kia will likely top Toyota/Lexus for No. 3 sales spot in May originally appeared on Autoblog on Tue, 31 May 2011 16:29:00 EST. Please see our terms for use of feeds .

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