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That's not true. Where are you getting this stuff from?
The product planners expected to be selling 15,000 Telluride's and Palisade's per month. That is what they initially signed up for with their suppliers. A month or two ago Hyundai/Kia cut the order to 12,000 per month. (I know this because my friend is a Purchasing Manager for one OEM and those suppliers were calling the other OEM's to try to fill unused capacity that Hyundai/Kia cancelled on them. This was for electrical components.) Hyundai/Kia have to pay a penalty on the piece costs of those 12,000 units they are now buying to make up for cancelling some orders.
The Telluride sold 6,400 units in August and the Palisade sold 5,115. That is a total of 11,515, far short of their initial 15,000 monthly goal.
Since the release the Telluride is averaging 5,645/month and the Palisade is at 4,789/month for a total of 10,434/month. Again, far short of the 15K/month goal and also well short of their current 12,000 per month commitment to their suppliers.
Don't see anything game changing about this - at all. Especially when they are cannibalizing their own products as Sorrento & Santa Fe sales have dropped 20% in the past few months.
Your sales numbers are spot on, just about on what others are saying.
The difference being they auto pundits are saying the monthly Sorrento sales drop of about 1000 units, is offset by the 6000 unit sales of Tellurides and therefore a net gain of 5000 units per month and all of the gain is with a more profitable 3rd row seater.
In the third month of Palisade retail sales, Hyundai's flagship SUV continued to exceed expectations with significant customer demand resulting in more than 5,000 retail unit sales.
Hyundai SUVs set their all-time August total sales record, selling 36,347 units and growing 31% compared with August 2018. Santa Fe sales (not including Santa Fe XL) were up 8% and Kona sales increased by 34%, which included the best monthly total ever for Kona EV sales. Tucson also established a new August record, gaining 21% and Hyundai's flagship premium three-row Palisade SUV continued to turn quickly as more inventory reached Hyundai dealers with a 15% increase compared with last month, July 2019.
In the third month of Palisade retail sales, Hyundai's flagship SUV continued to exceed expectations with significant customer demand resulting in more than 5,000 retail unit sales.
Hyundai SUVs set their all-time August total sales record, selling 36,347 units and growing 31% compared with August 2018. Santa Fe sales (not including Santa Fe XL) were up 8% and Kona sales increased by 34%, which included the best monthly total ever for Kona EV sales. Tucson also established a new August record, gaining 21% and Hyundai's flagship premium three-row Palisade SUV continued to turn quickly as more inventory reached Hyundai dealers with a 15% increase compared with last month, July 2019.
Again, who says they are exceeding expectations? You just typed a sentence without stating a source.
Certainly not people inside Hyundai/Kia. In my part of the country there are tons of them sitting on dealer lots just like every other vehicle, no more or no less.
As far as overall SUV sales going up - OK, I get that, but that is normal when you start adding new models. Lincoln and Cadillac are also going through upswings and darn near everyone is showing big gains in SUV sales.
Plus, when you have to pay for FOUR vehicles that essentially operate in the same segment (Telluride, Palisade, Santa Fe & Sorrento) that really hits the bottom line hard compared to someone like Honda/Acura who only have 2 models competing there. (MDX & Pilot. MDX is really supposed to be a "luxury" model above all the others but in reality it's just an expensive, better looking Pilot.) You have to sell A LOT more than your competition to make that pay off and Honda (and others) still outsell all 4 of those Hyundia/Kia trucks combined.
Look, these are nice vehicles - I'm not saying they are junk or anything. But you are the one who called them GAMECHANGING in big CAPS and talking like they are the next F-150 program or something. They are a typical run of the mill SUV - nothing more. (And that's not a negative....nothing wrong with that.)
Last edited by iamweasel; 09-05-2019 at 07:04 AM..
Reason: typo
Again, who says they are exceeding expectations? You just typed a sentence without stating a source.
Certainly not people inside Hyundai/Kia. In my part of the country there are tons of them sitting on dealer lots just like every other vehicle, no more or no less.
As far as overall SUV sales going up - OK, I get that, but that is normal when you start adding new models. Lincoln and Cadillac are also going through upswings and darn near everyone is showing big gains in SUV sales.
Plus, when you have to pay for FOUR vehicles that essentially operate in the same segment (Telluride, Palisade, Santa Fe & Sorrento) that really hits the bottom line hard compared to someone like Honda/Acura who only have 2 models competing there. (MDX & Pilot. MDX is really supposed to be a "luxury" model above all the others but in reality it's just an expensive, better looking Pilot.) You have to sell A LOT more than your competition to make that pay off and Honda (and others) still outsell all 4 of those Hyundia/Kia trucks combined.
Look, these are nice vehicles - I'm not saying they are junk or anything. But you are the one who called them GAMECHANGING in big CAPS and talking like they are the next F-150 program or something. They are a typical run of the mill SUV - nothing more. (And that's not a negative....nothing wrong with that.)
To make them really game changing they will have the 3.3TT as a top end powertrain option and offer a Hybrid as well to go agaisnt the Highlander Hybrid and they can literally challenge anyone.
Again, who says they are exceeding expectations? You just typed a sentence without stating a source.
Certainly not people inside Hyundai/Kia. In my part of the country there are tons of them sitting on dealer lots just like every other vehicle, no more or no less.
As far as overall SUV sales going up - OK, I get that, but that is normal when you start adding new models. Lincoln and Cadillac are also going through upswings and darn near everyone is showing big gains in SUV sales.
Plus, when you have to pay for FOUR vehicles that essentially operate in the same segment (Telluride, Palisade, Santa Fe & Sorrento) that really hits the bottom line hard compared to someone like Honda/Acura who only have 2 models competing there. (MDX & Pilot. MDX is really supposed to be a "luxury" model above all the others but in reality it's just an expensive, better looking Pilot.) You have to sell A LOT more than your competition to make that pay off and Honda (and others) still outsell all 4 of those Hyundia/Kia trucks combined.
Look, these are nice vehicles - I'm not saying they are junk or anything. But you are the one who called them GAMECHANGING in big CAPS and talking like they are the next F-150 program or something. They are a typical run of the mill SUV - nothing more. (And that's not a negative....nothing wrong with that.)
It's like talking to a wall. I wouldn't be surprised if movin2Reston is a Hyundai/Kia salesman.
Just still waiting patiently for someone to explain to me what is game changing about these vehicles. If it's going to turn into a butthurt fest of people trying to justify their automotive choices, perhaps the thread should be closed. I'll ask again, what is game changing about this vehicle, and why was it outsold by the Hyundai Elantra 2:1?
It’s game changing because Kia Hyundai never had a real luxury type SUV. I guarantee that Genesis will get a gussied up version of these SUVs maybe even a V8.
How many of those Honda sedans do you think are bought by rental fleets? I personally don’t know anyone who wants a sedan anymore. Not one person. Most want SUVs .
Our current SUV has third row seats. I seriously can’t remember ever actually using them.
Again, who says they are exceeding expectations? You just typed a sentence without stating a source.
Certainly not people inside Hyundai/Kia. In my part of the country there are tons of them sitting on dealer lots just like every other vehicle, no more or no less.
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(And that's not a negative....nothing wrong with that.)
Sentence without a source, you mean like that "tons of them sentence" A ton is 2000 lbs. so more than one would be tons of them. Unless you are talking about 2000 or more Telluride/Palisades on dealer lots. A quick check with Autotrader, shows 670 Palisades within 500 miles of me and 497 Tellurides, still short of tons of them.
The same parameters show well over 13,000+ Highlanders, 9,000+ 4-Runners, I got bored there and didn't check other SUVs, sorry.
Damn, didn’t expect this thread to be so controversial. It’s funny that some people think gas mileage and power is all people want. Not like say a luxury 3 row suv for under $50k
It’s game changing because Kia Hyundai never had a real luxury type SUV. I guarantee that Genesis will get a gussied up version of these SUVs maybe even a V8.
How many of those Honda sedans do you think are bought by rental fleets? I personally don’t know anyone who wants a sedan anymore. Not one person. Most want SUVs .
Our current SUV has third row seats. I seriously can’t remember ever actually using them.
there are really only like 3 SUV's left. the grand cherokee, the 4runner, and the GM twins (yukon and tahoe). everything else is a lifted wagon or a lifted minivan. the genesis won't get the V8. they'll put the 3.3 twin turbo in. it should be an interesting vehicle. wouldn't mind taking a look at one once depreciation sets in. how many accords are bought by rental fleets? about as many as CRV's and other honda vehicles. plenty of people want sedans, they just don't want boring ones. there will always be a market for things like civics and elantras, because not everyone is dumb enough to spend $50k on a minivan, and they need a vehicle that gets 30+ mpg for their commute.
It’s game changing because Kia Hyundai never had a real luxury type SUV. I guarantee that Genesis will get a gussied up version of these SUVs maybe even a V8.
How many of those Honda sedans do you think are bought by rental fleets? I personally don’t know anyone who wants a sedan anymore. Not one person. Most want SUVs .
Our current SUV has third row seats. I seriously can’t remember ever actually using them.
Honda sells far less to rental fleets than any other OEM. Bad example....
They are the best OEM at protecting their brand value and not dumping cars into rental fleets when they need a sales bump.
And I'm not some Honda lover, either. I hate them....but I respect the way they protect their brand. Toyota and Nissan are more than willing to dump a bunch of cars into rental fleets.
And as far as sedans go I have 3 of them in my garage so I guess I'm an oddball. But there is no doubt sedan sales are dropping everywhere.
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But there is no doubt sedan sales are dropping everywhere.