3Autos.com » automakers,international auto show,north american international auto » Toyota feels Hyundai breathing down its neck

Toyota feels Hyundai breathing down its neck

13 January 2006 Filed under: Trends View: 9 Digg Yahoo! Buzz StumbleUpon Technorati del.icio.us Mixx Facebook TwitThis Reddit YahooMyWeb Google feedburner
Toyota feels Hyundai breathing down its neck

"Our main competitors here are essentially Honda Motor Co. Ltd., Nissan Motor Co. Ltd. and Hyundai, but Hyundai is the one we are very carefully watching," said Yukitoshi Funo, chairman of Toyota Motor Sales USA at the North American International Auto Show in Detroit, Michigan.

With those words, the second largest automaker in the world voiced what industry insiders and auto enthusiasts have known for some time: Hyundai (and its affiliate Kia Motors), whose objective is to be among the world’s top five automakers by 2010, is emulating Toyota—not General Motors (currently the number one automaker world-wide), Ford, or even Nissan and Honda (second and third of the Japanese “Big Three”)—to accomplish its goal. The company’s strategies of presenting a large number of quality products, from compact vehicles to SUVs to large sedans (like the Azera, pictured) to a broad range of consumers, is Toyota’s well-known method of operation.

Unfortunately for Toyota, Hyundai uses Toyota's prices as benchmarks to price its own vehicles for thousands less. Toyota refuses to match such figures, instead continuing to develop its reputation and vehicle value.

That brings up a good question, though. With both companies' offerings nearly matched, will Americans stay loyal to a brand? Or will the lower MSRP finally tempt them?
Digg Technorati StumbleUpon Mixx del.icio.us Reddit BlinkList Furl YahooMyWeb feedburner
  • AWD Magnum test Now that the all-wheel drive Magnums and 300s are hitting the streets and winter weather is coming, I thought it would be prudent to give a link to the first AWD test I've seen. The DCX system gives a ...
  • More hybrids = less batteries USA Today is reporting that automakers like Ford might find it hard in the next few years to find the expensive battery packs required to fuel hybrid cars like the new Escape. The expensive power pack ...
  • Autoguy discusses Peak Oil and how it could impact our precious babies And by precious babies I mean our cars. We try and stay away from being political at Autoblog but there's no arguing that fossil fuels of any kind run out and some say oil could start a decline soon, ...
  • Lavish new ways to sell cars Ed Garsten over at the Detroit News takes a deeper look into the trend of alternative sales pitches by manufacturers. A few weeks back we posted a story about the Black Eyed Peas playing a concert to ...
  • Is the USA ready for China's invasion? Since yesterday was when automakers reported October monthly sales, all that's in the news today is how the Asian manufacturers gained share and the Domestics lost share. It's inevitable. When there a ...
  • GM plus SEMA equals specialty concepts GM is stocking their booths full of specialty concepts for this years SEMA show in Las Vegas. Some of the show stoppers in 2004 include the Cobalt 272 shown in the picture, Colorado SS complete w ...
  • GM, Ford cut inventory, hopefully incentives The US consumer seems immune to the current pile of incentives that automakers have doled out on their last of the 04's, and dealers are pushing back from the money-losing race. GM anno ...
  • Anaheim show gets some exposure Every year I'm amazed at how many of the country's auto shows are getting to debut new models. Before only Detroit premiered the biggest and baddest. Then it Chicago started to debut more and more car ...
  • Hands free not safer Cell phone addicts, automakers and lawmakers are scratching their heads. For the past few years they've all been advocating the use of hands free cell phones to stem the tide of 2,600 annual deaths li ...
  • St. Louis man builds engine that runs on vapor After reading this story my mind was blown. I'm not a mechanic, but Bill Cain is. He's been rebuilding cars since he was a teenager. Recently he built an engine for a 1970 Plymouth Fury that recycled ...

0 Responses to » Toyota feels Hyundai breathing down its neck

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.