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Kia, Car Buying, Automotive News
#6 of 58 What about Suzuki?
Jul 11, 2010 (6:21 am)
I believe Hyundai would almost be forced to keep the Kia name going in other markets if what we read about the Korean position when Kia went bankrupt and Hyundai was almost forced to buy them is correct. But looking at the market sales I would think Suzuki would be the one on the chopping block. It also looks like the Smart car has continued its failing ways in the US market pretty much like it did over seas.
While I am not a big Kia fan it has a better looking outlook than Suzuki in sales I think.
#7 of 58 Re: What about Suzuki? [boaz47]
by MrShift@Edmunds HOST
Jul 11, 2010 (6:51 am)
Oh yeah well Suzuki is a foregone conclusion, and Smart hasn't *ever* made money.
Tesla is another one circling the drain.
But it's interesting to speculate on the "bigger fish" and how and why *they* fail. I think some people were surprised that Pontiac tanked so fast, since you see Pontiacs everywhere---but in terms of making sense in the market, the car didn't anymore.
I just don't think KIA makes sense anymore in the US market, for the parent company I mean.
Kia is like Radio Shack to Hyundai's Best Buy.
#8 of 58 According to their CEO...
Jul 11, 2010 (3:59 pm)
and I believe it was their Japanese automotive CEO speaking, Mitsubishi has no intentions of pulling out of the American sales market. With the new all-electric i-MiEV coming out soon I would not expect Mitsubishi to pull up stakes. The Outlander SUV and Lancer compact are still selling the best and I drive a 2008 Lancer GTS and love it, but to someone looking at their sales performance of the past several years I would be strongly suspecting their departure, too.
Don't think that's gonna be happenin', though.
Jul 11, 2010 (9:09 pm)
is like the #1 supplier of rental cars in the U.S. now, although with GM's ENORMOUS resurgence in the no-profit fleet sales world last month, Kia might have a little competition there once again.
Seems like Hyundai would be smart to keep Kia here, sopping up the fleet sales, to protect and improve the value of the Hyundai brand, especially with the new push into luxury cars for Hyundai.
I dunno...my local Toyota dealer just bought a Kia franchise about 3 months ago and so far hasn't been able to move any of the cars in the initial shipment off the lot. I think some of the Kia models have potential, but just like Mitsubishi and Suzuki, two other companies that will definitely be gone from American shores in the next few years (while continuing to thrive in Japan, I have no doubt), even the company's brand new models have nothing at all to make them stand out from the crowd. The ONLY unique thing they have at Kia is the Soul, and even that has competition from the Cube, neither of which seems to sell well at all despite their curiosity value. And neither gets more than mediocre reviews as a driver's car, although they certainly are eccentric and different styling-wise.
#10 of 58 Re: Kia [nippononly]
Jul 17, 2010 (9:29 am)
Yeah, my local Toyota/Scion stealer bought a Kia francise too and I have seen the same thing week after week with Kia, the same vehicles just sitting there. Seem to have big difficulties getting the cars off the lot.
Not sure what is going to happen to Kia but I can tell you sopping up fleet sales is not going to protect and improve the value of the Hyundai brand. At least, they don't have as high fleet sales as GM, Ford, and Chrysler do.
#11 of 58 Article on the web on Kia demise!!!!!!!
Nov 28, 2010 (9:51 am)
Read and weep on the great deal you are getting...Hyundai is the parent company, so it looks like another shave, GM style..
Funny name and its parent company name is funnier...
Maybe N. Korea is going to eliminate the brand..We live in a strange world..
Nov 28, 2010 (10:37 am)
motorcity: Any chance you could give us a link to the article you're talking about?
The review of the new Optima on this site says it's a pretty darn good car...
#13 of 58 Re: Article on the web on Kia demise!!!!!!! [motorcity6]
by Stever@Edmunds HOST
Nov 28, 2010 (11:04 am)
A link would be nice, unless perhaps you are referring to the WSJ article recently posted?.
Here's a recent link that doesn't sound like they are going under. Written before the latest unpleasantness though. Kia adding another 1,000 jobs in west Georgia ( Atlanta Business Journal)
Another story about booming sales in the US:
"Kia's U.S. sales gained 15 percent this year through October, outpacing General Motors, Toyota and Honda.
South Korea's second-largest carmaker is defying a drop in quality rankings by J.D. Power & Associates as 9.6 percent unemployment spurs demand for inexpensive cars."
Kia turns to hamsters to boost sales (Pittsburg Post-Gazette).
#14 of 58 Re: Article on the web on Kia demise!!!!!!! [steve_]
by MrShift@Edmunds HOST
Nov 28, 2010 (12:50 pm)
Perhaps we should contrast that good news with the drop in quality ratings and the steep depreciation for an "overall" picture of Kia's future?
Or maybe, if the price is right, and enough content is packed into the car, consumers won't care about those deficiencies?
Nov 28, 2010 (1:02 pm)
"latest unpleasantness"? I must have missed something. What was that?
Seems like their factories are running close to full tilt?
Depreciation is huge with KIA, I'm sure. And some of their lower end cars aren't that great. But isn't the Optima fairly impressive considering where they were a few years ago? I myself don't like the styling that much, in part for functional reasons. The high belt line and thick rear pillar means there's a nasty blind spot there. I'm glad I can see out the back of my 08 Accord....