Hyundai Closing In On Honda As Their Brand Value Rises

Hyundai Motor Corp. surprised everyone this year bycar markets and has shown great promise so far.
making the biggest increase in automotive brandApparently Hyundai has taken a page from Walmart's
value and recognition. Hyundai for the first time everfounder Sam Walton - price yourself as aggressive as
beat such marques as Porsche, Lexus, and Nissan.possible while providing what your customers want
Honda and Toyota are now forced to take Hyundaiand need. Hyundai has out priced their competition
more seriously as it is now closing in on them at aand now sits poised to become, perhaps, the major
rapid pace. According to J.D. Power and Associates,automotive player similar to what Walmart did with
Hyundai has one of the highest consumer satisfactionits retail stores. According to the Harvard Business
ratings of all vehicle manufacturers and its brandReview, Hyundai has the perfect business model and
value has greatly increases after the introduction ofwill be the automotive manufacturer to beat in the
their hot 2006 model lineup.coming years. Large automotive dealership chains like
According to the 2006 Best Global Brands surveyHendrick Automotive Group and Sonic are adding
Hyundai Motor Company has emerged as one of theHyundai dealerships as fast as they can be built.
worlds leading brands with stellar levels of customerHyundai isn't sitting on its laurels with the good news,
satisfaction that rival the best in the industry. Brandonhowever. They are investing heavily in research and
Yea, Hyundai's vice president for branding strategy,product development. They are also planning and
states "Hyundai represents solid quality anddesigning more competitive models. "We have found
representation at every level now as we havegreat success in every product line we have been
everything from the low end to our new entry intoinvolved in and will continue to add to this. Our
luxury sedans with the Alzerra." Hyundai is now beingphilosophy is similar to MDWholesale.com, one of our
seen as a serious player in the automotive industry.business partners - To provide the best value at the
While other automakers are worried about profitsbest price for our customers," stated Yea. GM and
(GM and Chrysler), Hyundai is thinking about howChrysler will learn a lot about the car business from
much more market share it will take this year. TheHyundai, they don't have a choice.
Alzerra was targeted at the Acura and Lexus luxury