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Bob Tasca Funny Car
Bob Tasca Funny Car will be at Future Hyundai of Concord July 14th - 18th. Stop by for your chance to win $25,000 when you take a test drive. Contact us for details (866) 979.7218
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Top Sellers
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4th July Sellathon
6 Days Only
June 30th - July 5th
Tents are up and prices are down at Future Ford Lincoln Mercury Hyundai of Concord during The Great Future Tent Event!! New and Pre-owned vehicles are clearly priced so you can Save Thousands during this special event. Huge Factory rebates, generous trade-in allowances and big discounts make this the time to buy the car of truck of your dreams!
June 30th - July 5th
Tents are up and prices are down at Future Ford Lincoln Mercury Hyundai of Concord during The Great Future Tent Event!! New and Pre-owned vehicles are clearly priced so you can Save Thousands during this special event. Huge Factory rebates, generous trade-in allowances and big discounts make this the time to buy the car of truck of your dreams!
Most Successful Car Company In America
As Car Sales Collapse, Hyundai Becomes The Most Successful Car Company In America.
Hyundai is now the most successful car company in the US and it has the numbers to prove it. It has come up with a way to sell cars to people who fear that they will be homeless and it works.
Most large car companies posted more significant unit sales drops in February than analysts expected. GM (GM) only sold 268,737 light vehicles. Three years ago, that would have been its take for the July 4th "cash back" weekend. Ford (F) moved 96,044 units, off 48% from the same month last year. As usual, the Ford PR department did what it could to misdirect and dissemble. Early in its statement about last month's sales, Ford pressed the case for how fabulous its new products are. The most important announcement the company thought it was making was that Ford will introduce the new Fusion model during "American Idol." It tells Ford's shareholders how out of touch the company's CEO Alan Mulally is. He can be forgiven. He used to work for Boeing (BA).
The only privately held member of The Big Three, Chrysler, did better than expected. Sales were down 44% to 84,050. Honda (HMC), Toyota (TM), and Nissan all had results down about 40%.
Hyundai sold 30,621 vehicles in the US last month. That is more than half of Nissan's sales which dropped to 54,249. And, Nissan has been a prominent brand in the American car business ever since it was known as Datsun.
Most consumers don't know that Hyundai sells cars. Most Americans don't know that Hyundai exists at all and virtually no one knows where the company is based. The brand does not seem to show up in JD Power customer satisfaction or Consumer Reports rankings.
Hyundai's US car arm is a tiny piece of a Goliath of a company based in South Korea. The firm owns mines, petroleum assets, machinery manufacturing operations, and electronics factories. It also builds commercial tankers that are as long as several football fields.
Hyundai Motors has simply out-marketed its competition in the US. It builds good cars, at least based on auto reviews. The company's flagship, a four door war-wagon called the Genesis, was named the North American Car of the Year. The beast only gets 17 miles per gallon in city driving, but it is targeted at the affluent, even though their numbers are dwindling. The model competes with the large sedans from BMW, Mercedes, and Lexus.
Hyundai seems to have dropped a nice vehicle into each of the major slots in the US car market. It sells a nifty entry-level coupe and has a mammoth minivan called the Entourage. It markets SUVs and small sedans. They don't have any more or less cheap plastic trim in their interiors than a Honda. They are simply serviceable cars and trucks that probably won't break down.
The genius behind the Hyundai approach to selling cars is that it has caught on to a way to get people into showrooms during the worst recession in decades. Every other auto company of any size has a line of vehicles as diverse as Hyundai's and all of its competitors have more recognized brands. But when Hyundai did a bit of research about car buyers it found that 50% of people thinking about buying a car or truck were resisting the urge because they might lose their jobs.
Hyundai took what appears to be a big risk. If someone buys one of the company's cars and looses a job, Hyundai will make the payments for three months. For people still in a bind at the end of that period, the firm will take their cars back.
Making the offer takes a lot of guts. It would seem to be a significant financial risk.
by Douglas A. McIntyre
Source : 24/7 Wall street
Hyundai is now the most successful car company in the US and it has the numbers to prove it. It has come up with a way to sell cars to people who fear that they will be homeless and it works.
Most large car companies posted more significant unit sales drops in February than analysts expected. GM (GM) only sold 268,737 light vehicles. Three years ago, that would have been its take for the July 4th "cash back" weekend. Ford (F) moved 96,044 units, off 48% from the same month last year. As usual, the Ford PR department did what it could to misdirect and dissemble. Early in its statement about last month's sales, Ford pressed the case for how fabulous its new products are. The most important announcement the company thought it was making was that Ford will introduce the new Fusion model during "American Idol." It tells Ford's shareholders how out of touch the company's CEO Alan Mulally is. He can be forgiven. He used to work for Boeing (BA).
The only privately held member of The Big Three, Chrysler, did better than expected. Sales were down 44% to 84,050. Honda (HMC), Toyota (TM), and Nissan all had results down about 40%.
Hyundai sold 30,621 vehicles in the US last month. That is more than half of Nissan's sales which dropped to 54,249. And, Nissan has been a prominent brand in the American car business ever since it was known as Datsun.
Most consumers don't know that Hyundai sells cars. Most Americans don't know that Hyundai exists at all and virtually no one knows where the company is based. The brand does not seem to show up in JD Power customer satisfaction or Consumer Reports rankings.
Hyundai's US car arm is a tiny piece of a Goliath of a company based in South Korea. The firm owns mines, petroleum assets, machinery manufacturing operations, and electronics factories. It also builds commercial tankers that are as long as several football fields.
Hyundai Motors has simply out-marketed its competition in the US. It builds good cars, at least based on auto reviews. The company's flagship, a four door war-wagon called the Genesis, was named the North American Car of the Year. The beast only gets 17 miles per gallon in city driving, but it is targeted at the affluent, even though their numbers are dwindling. The model competes with the large sedans from BMW, Mercedes, and Lexus.
Hyundai seems to have dropped a nice vehicle into each of the major slots in the US car market. It sells a nifty entry-level coupe and has a mammoth minivan called the Entourage. It markets SUVs and small sedans. They don't have any more or less cheap plastic trim in their interiors than a Honda. They are simply serviceable cars and trucks that probably won't break down.
The genius behind the Hyundai approach to selling cars is that it has caught on to a way to get people into showrooms during the worst recession in decades. Every other auto company of any size has a line of vehicles as diverse as Hyundai's and all of its competitors have more recognized brands. But when Hyundai did a bit of research about car buyers it found that 50% of people thinking about buying a car or truck were resisting the urge because they might lose their jobs.
Hyundai took what appears to be a big risk. If someone buys one of the company's cars and looses a job, Hyundai will make the payments for three months. For people still in a bind at the end of that period, the firm will take their cars back.
Making the offer takes a lot of guts. It would seem to be a significant financial risk.
by Douglas A. McIntyre
Source : 24/7 Wall street
Hyundai Plug Ins
The Korean automaker previews a plug-in hybrid system and a new design direction with a provocative concept car.
Hyundai unveiled its weirdly named Blue-Will plug-in hybrid at the 2010 North American Auto Show in Detroit, showcasing the Korean automaker's next-generation electric drivetrain technology, some of which will debut on the Hyundai Sonata Hybrid that will go on sale later this year. Its "eco-sleek" design, with sweeping character lines, hints at what future Hyundai models might look like.
The basis of Hyundai's new hybrid system is a 152-horsepower 1.6-liter gasoline engine and a 100-kilowatt electric motor powered by a lithium-polymer battery. The transmission is continuously variable, which means it eschews traditional fixed gears for better fuel effeciency.
The basic hybrid system will have electric-only drive capability at low speeds, with the gas engine kicking in to provide power when needed, much as the current Toyota Prius operates. It gets an estimated 50 to 55 mpg.
The Blue-Will concept's plug-in system will reportedly get an estimated 106 mpg thanks to extended electric-only capability that enables it to drive up to 40 miles on a single charge. It can be recharged from regular household power outlets.
Other innovative features include a solar-cell sunroof that trickle-charges a fan to ventilate the interior and help reduce the need for fuel-robbing air conditioning. A thermal generator converts heat from the gasoline engine's exhaust gases into electrical energy to help power auxiliary systems.
Some of the Hyundai Blue-Will's body panels, including side moldings, bumpers and fenders, use carbon-fiber-reinforced plastics and nanocomposites to reduce weight.
The interior has some far-out features that could have interesting implications if, in fact, they become a reality. For instance, the instrument cluster behind the steering wheel is a thin LED panel, and the center console incorporates a svelte touch-screen for all climate controls, audio and other ancillary systems.
Hyundai Santa Fe Gets New Engines
Hyundai also announced that the 2010 Santa Fe, which is on sale now, is getting two new engines that are both more powerful and more fuel-efficient than the ones they replace. It also gets minor styling tweaks and upgraded interior features.
Last year's base 185-horse 2.7-liter V6 engine, which averaged 18 mpg city/24 mpg highway with front-wheel drive, is replaced by a 175-horsepower 2.4-liter 4-cylinder that averages 20/28 mpg, yet is quicker from zero to 60 mph, Hyundai says. A 6-speed automatic transmission supplants the old 4-speed.
Likewise, last year's 242-horse 3.3-liter V6 gets replaced by a 276-horsepower 3.5-liter V6 that weighs less and returns 15 percent better fuel economy, despite being considerably more powerful. Last year's 3.3-liter V6 averaged 17 mpg city/24 mpg highway; the new 3.5-liter V6 gets an estimated 20/26 mpg. On the 2009 Santa Fe, a 5-speed automatic transmission was standard and a 6-speed was offered as an upgrade. Now, only a 6-speed is offered. Sticker prices for the new engine options have yet to be announced.
By Matthew de Paula of MSN Autos
Hyundai unveiled its weirdly named Blue-Will plug-in hybrid at the 2010 North American Auto Show in Detroit, showcasing the Korean automaker's next-generation electric drivetrain technology, some of which will debut on the Hyundai Sonata Hybrid that will go on sale later this year. Its "eco-sleek" design, with sweeping character lines, hints at what future Hyundai models might look like.
The basis of Hyundai's new hybrid system is a 152-horsepower 1.6-liter gasoline engine and a 100-kilowatt electric motor powered by a lithium-polymer battery. The transmission is continuously variable, which means it eschews traditional fixed gears for better fuel effeciency.
The basic hybrid system will have electric-only drive capability at low speeds, with the gas engine kicking in to provide power when needed, much as the current Toyota Prius operates. It gets an estimated 50 to 55 mpg.
The Blue-Will concept's plug-in system will reportedly get an estimated 106 mpg thanks to extended electric-only capability that enables it to drive up to 40 miles on a single charge. It can be recharged from regular household power outlets.
Other innovative features include a solar-cell sunroof that trickle-charges a fan to ventilate the interior and help reduce the need for fuel-robbing air conditioning. A thermal generator converts heat from the gasoline engine's exhaust gases into electrical energy to help power auxiliary systems.
Some of the Hyundai Blue-Will's body panels, including side moldings, bumpers and fenders, use carbon-fiber-reinforced plastics and nanocomposites to reduce weight.
The interior has some far-out features that could have interesting implications if, in fact, they become a reality. For instance, the instrument cluster behind the steering wheel is a thin LED panel, and the center console incorporates a svelte touch-screen for all climate controls, audio and other ancillary systems.
Hyundai Santa Fe Gets New Engines
Hyundai also announced that the 2010 Santa Fe, which is on sale now, is getting two new engines that are both more powerful and more fuel-efficient than the ones they replace. It also gets minor styling tweaks and upgraded interior features.
Last year's base 185-horse 2.7-liter V6 engine, which averaged 18 mpg city/24 mpg highway with front-wheel drive, is replaced by a 175-horsepower 2.4-liter 4-cylinder that averages 20/28 mpg, yet is quicker from zero to 60 mph, Hyundai says. A 6-speed automatic transmission supplants the old 4-speed.
Likewise, last year's 242-horse 3.3-liter V6 gets replaced by a 276-horsepower 3.5-liter V6 that weighs less and returns 15 percent better fuel economy, despite being considerably more powerful. Last year's 3.3-liter V6 averaged 17 mpg city/24 mpg highway; the new 3.5-liter V6 gets an estimated 20/26 mpg. On the 2009 Santa Fe, a 5-speed automatic transmission was standard and a 6-speed was offered as an upgrade. Now, only a 6-speed is offered. Sticker prices for the new engine options have yet to be announced.
By Matthew de Paula of MSN Autos
NY auto show: Hyundai hybrid
SEOUL, South Korea-Hyundai Motor said net profit hit a record high in the first quarter amid a jump in sales and strong performance in China and India.
Hyundai, South Korea's biggest automaker and a rising force in the global industry, earned 1.13 trillion won ($1.02 billion) in the three months ended March 31, it said in a regulatory filing Thursday.
That was five times higher than net profit of 225 billion won in the same period last year. Company spokesman Ki Jin-ho said the net profit figure was an all-time high on a quarterly basis.
The maker of the Elantra and Sonata sedans and the luxury Genesis also said quarterly sales rose 39.6 percent to 8.42 trillion won from 6.03 trillion won a year earlier.
The company's global sales volume during the quarter jumped 36.6 percent from a year earlier to 842,037 vehicles.
Hyundai Motor Co., which along with affiliate Kia Motors Corp. forms the world's fifth-largest automotive group, has seen its market share grow in recent years through an emphasis on quality and design.
Global market share rose to 4.8 percent in the first quarter of 2010 from 4.7 percent the year before, according to Ki, the spokesman
Hyundai said in January that market share in 2009 rose to 5.2 percent from 4.3 percent in 2008 and that it is targeting an increase to 5.4 percent this year. The company sold a record 3.11 million vehicles in 2009.
Hyundai showed strong performance in China, India and the United States during the first quarter.
Sales volume and revenue in China jumped 48.1 percent and 22.6 percent, respectively, from the year before, Hyundai said in presentation materials for investors.
In India, sales volume increased 33.5 percent, while revenue rose 20.8 percent.
Sales volume in the United States rose 78.3 percent and revenue gained 61.5 percent. But the U.S. performance contributed less to profits than China and India amid a 19 percent decline in the dollar against the South Korean won in the first quarter from the year before, Hyundai said.
A stronger won can reduce profits South Korean companies earn overseas when they are repatriated back home.
Michael Sohn, auto analyst at Woori Investment & Securities in Seoul, attributed the company's strong performance in the U.S. to increasing brand and quality recognition among consumers and not recall woes at rival Toyota Motor Corp. of Japan, which he said benefited U.S. manufacturers more than Hyundai.
"The product is better and people (see) Hyundai as a better brand than before," Sohn said. "I think simply brand awareness is going up."
Sohn said Hyundai's U.S. market share increased to 4.4 percent from 4.3 percent the year before.
Both Hyundai and Kia have expanded aggressively overseas. Hyundai has factories in China, India, Turkey, the U.S. and the Czech Republic. Kia has plants in China and Slovakia and began production in the United States last year.
Hyundai has two factories each in China and India and is planning a third in China.
Shares in Hyundai Motor, which released results during afternoon trading, rose 0.4 percent to close at 125,000 won. The company's stock price tripled in 2009.
By KELLY OLSEN AP Business Writer
Posted: 04/21/2010 11:14:49 PM PDT
Updated: 04/22/2010 02:43:03 AM PDT
http://www.contracostatimes.com/search/ci_14934353
Hyundai, South Korea's biggest automaker and a rising force in the global industry, earned 1.13 trillion won ($1.02 billion) in the three months ended March 31, it said in a regulatory filing Thursday.
That was five times higher than net profit of 225 billion won in the same period last year. Company spokesman Ki Jin-ho said the net profit figure was an all-time high on a quarterly basis.
The maker of the Elantra and Sonata sedans and the luxury Genesis also said quarterly sales rose 39.6 percent to 8.42 trillion won from 6.03 trillion won a year earlier.
The company's global sales volume during the quarter jumped 36.6 percent from a year earlier to 842,037 vehicles.
Hyundai Motor Co., which along with affiliate Kia Motors Corp. forms the world's fifth-largest automotive group, has seen its market share grow in recent years through an emphasis on quality and design.
Global market share rose to 4.8 percent in the first quarter of 2010 from 4.7 percent the year before, according to Ki, the spokesman
Hyundai said in January that market share in 2009 rose to 5.2 percent from 4.3 percent in 2008 and that it is targeting an increase to 5.4 percent this year. The company sold a record 3.11 million vehicles in 2009.
Hyundai showed strong performance in China, India and the United States during the first quarter.
Sales volume and revenue in China jumped 48.1 percent and 22.6 percent, respectively, from the year before, Hyundai said in presentation materials for investors.
In India, sales volume increased 33.5 percent, while revenue rose 20.8 percent.
Sales volume in the United States rose 78.3 percent and revenue gained 61.5 percent. But the U.S. performance contributed less to profits than China and India amid a 19 percent decline in the dollar against the South Korean won in the first quarter from the year before, Hyundai said.
A stronger won can reduce profits South Korean companies earn overseas when they are repatriated back home.
Michael Sohn, auto analyst at Woori Investment & Securities in Seoul, attributed the company's strong performance in the U.S. to increasing brand and quality recognition among consumers and not recall woes at rival Toyota Motor Corp. of Japan, which he said benefited U.S. manufacturers more than Hyundai.
"The product is better and people (see) Hyundai as a better brand than before," Sohn said. "I think simply brand awareness is going up."
Sohn said Hyundai's U.S. market share increased to 4.4 percent from 4.3 percent the year before.
Both Hyundai and Kia have expanded aggressively overseas. Hyundai has factories in China, India, Turkey, the U.S. and the Czech Republic. Kia has plants in China and Slovakia and began production in the United States last year.
Hyundai has two factories each in China and India and is planning a third in China.
Shares in Hyundai Motor, which released results during afternoon trading, rose 0.4 percent to close at 125,000 won. The company's stock price tripled in 2009.
By KELLY OLSEN AP Business Writer
Posted: 04/21/2010 11:14:49 PM PDT
Updated: 04/22/2010 02:43:03 AM PDT
http://www.contracostatimes.com/search/ci_14934353
Philly port, Hyundai strike import deal
PHILADELPHIA-Philadelphia's port authority has made a deal to handle 150,000 South Korean cars being imported to the U.S. each year.
Under an agreement announced Wednesday, the Philadelphia Regional Port Authority will process vehicles from automakers Hyundai and Kia.
Gov. Ed Rendell and Mayor Michael Nutter praised the deal, which is expected to create about 270 jobs at the port and about 130 more in other industries.
The deal will bring about 100 more cargo ships to the port each year. Cars will begin arriving in Philadelphia in June.
The Associated Press
Posted: 04/22/2010 04:33:19 AM PDT
Updated: 04/22/2010 04:33:19 AM PDT
http://www.contracostatimes.com/search/ci_14935166
Under an agreement announced Wednesday, the Philadelphia Regional Port Authority will process vehicles from automakers Hyundai and Kia.
Gov. Ed Rendell and Mayor Michael Nutter praised the deal, which is expected to create about 270 jobs at the port and about 130 more in other industries.
The deal will bring about 100 more cargo ships to the port each year. Cars will begin arriving in Philadelphia in June.
The Associated Press
Posted: 04/22/2010 04:33:19 AM PDT
Updated: 04/22/2010 04:33:19 AM PDT
http://www.contracostatimes.com/search/ci_14935166