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- February 4, 2011
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Last summer during a discussion with senior Hyundai management in Seoul, I asked “When can we expect to see a third plant for Hyundai and or Kia in the United States?” The response was “A third plant will be necessary when Hyundai and Kia sell 900,000 per year in the USA.”
In 2010, Hyundai sold 538,228 cars and light trucks in the USA and Kia sold 356,496 cars and light trucks. That is a total of 874,496 cars and light trucks for these two fast-growing brands. That number is also close enough for us to hypothesize that an announcement for a third Hyundai or Kia plant in the USA should be forthcoming.
Two USA Plants Already at or Above Capacity: Clearly, Hyundai is pushing the capacity of their Montgomery, Alabama plant. With [...]
You know the world has changed when Kia can price a normally aspirated 4-cylinder compact crossover at $30K. Buying a Kia Sportage used to mean that you needed the cargo capacity and/or wanted the image of an SUV but were prepared to settle for the lowest common denominator (read: Least expensive option). After explaining to your family, friends, neighbors and the occasional gas station patron why on earth you purchased a Kia another debate came up… What about resale? You could usually sit back and watch a Kia depreciate like gallon of unrefrigerated milk on a warm summer afternoon. But times have definitely changed… and Kia’s star is on the rise…