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Hyundai-Kia Posts Record Half-Year Sales in Europe

Hyundai and its affiliate Kia set new sales records in Europe in the first half of the year.

The automakers sold 231,445 and 200,375 cars there in the first six months. Their combined sales were up 8.3 percent from the same period last year.

Hyundai's i10 small hatchback and Kia's Sportage compact SUV were especially popular there.

"Some 56,002 units of the Sportage and 47,080 units of the i10 were sold in the first half," a Hyundai spokesman said.

But the two automakers' overall global sales dropped 2.4 percent from a year earlier, totaling about 3.94 million cars during the same period. Their sales in China were particularly sluggish at just about 800,000 units, a 6.2-percent drop on-year.

The automakers believe their increased sales in Europe have helped to offset the effects of the slow sales in China.

Source

Kia, Hyundai Both Named Most Economical Cars Of 2012 By Forbes, Kelly Blue Book

Initial cost is not the only thing that makes a car an economical purchase. It's actually the long-term investment aspect that plays the biggest role. A cheaper vehicle up-front may, in actuality, cost more to maintain over its lifespan. “Car shoppers should take the time to compare vehicles on their consideration lists to fully understand the financial implications involved with cost of ownership,” says Juan Flores, director of vehicle valuation for Kelley Blue Book. “While a vehicle might be less expensive up front, the cost of fuel for that model, insurance and other expenditures could make it the less appealing choice for their wallet in the long run.” Forbes recommends doing thorough research before making a purchase. They consulted Kelley Blue Book, which recently announced its inaugural Total Cost of Ownership Awards. The kbb.com website focuses on these variables of cost, among others:

1. Depreciation Value: How will the car hold up over time? kbb.com bases its predictions on historical data (how the model has performed in the past) and economic factors.
2. Fuel Economy: Gas is expected to rise going into the summer months. Significant amounts of money can be saved by buying a more fuel efficient vehicle; estimates put savings due to fuel costs at close to $900/year. That's close to $4500 of savings over the standard 5-yr span.
3. Auto Insurance: Insurance is mostly based on the driver's past experience, age, credit rating, address, etc., but it is also based on the model of the car. Luxury brands and sports cars tend to have higher insurance costs to start, while family minivans and SUVs will have a lower starting insurance cost.

According to kbb.com, the Best Brand for 2012 in their Total Cost of Ownership Awards is none other than Kia. Kia is sweeping the Unites States car scene off its feet with its stellar fuel economy and resale value. The Kia Soul heads KBB's Compact Car category because "its lowest-in-category fair purchase price matched with outstanding fuel and insurance cost figures combined to give it nearly a $1,300 advantage over the Hyundai Elantra." In the Mid-Sized car category Kia and its sister company Hyundai switched places; the Hyundai Sonata beat out Kia's Optima to win the top spot. Similarly, the Hyundai Santa Fe outpaced the Kia Sorento in the Crossover category "based on its combination of lowest fair purchase price and lowest long-term depreciation coupled with lower maintenance and insurance costs."

So You Think You Know Jack?

Is your child or pet a big fan of Gary Rome Auto Group? Catch them on video reacting to a Gary Rome Auto Group commercial and one lucky winner could be the new star of the next Gary Rome Auto Group commercial!

OFFICIAL RULES:

Go to http://www.gotogary.com/video/ to submit your entry.

1. Contest Dates:

The “So You Think You Know Jack?” contest begins February 1, 2012, and ends March 31, 2012.

VIDEO SUBMISSION PERIOD: February 1, 2012 - March 31, 2012

SELECTION OF BEST VIDEOS: April 1, 2012 - April 13, 2012

NOTIFICATION OF WINNERS: April 16, 2012 - April 20, 2012

2. Eligibility:

Submitting a video in this contest is open to persons who on the date of entry are legal residents of one (1) of the fifty (50) United States or the District of Columbia, at least eighteen (18) years of age (or age of majority if greater than 18), and who are registered users of http://www.youtube.com or http://vimeo.com. Employees, officers, directors and their immediate family members of the contest entities and each of their respective parents, affiliated and subsidiary companies, advertising and promotion agencies, legal and financial advisers, and any and all other companies associated with this contest are not eligible to enter. For purposes of this contest, "immediate family members" means parents, spouses, children, siblings, in-laws, grandmothers, or grandfathers.

3. Video Submission Requirements:

• Running Time: Five (5) minute maximum, including any credits. If entry is longer than five (5) minutes, the entry may be disqualified in the Administrator’s sole discretion.
• Language: English
• Video: The video should feature your pet or your child's reaction to watching a Gary Rome Auto Group commercial.
• Age: Any child recorded in the video must be ten (10) years of age or younger.

4. Judging to Determine the Potential Winners:

All eligible video submissions received during the video submission period will be watched and judged. The judges will score each eligible entrant’s video based on the following judging criteria, each given equal weight:

• Does the video feature either a pet and/or a child (under the age of ten (10))?
• How original/creative/entertaining, to all age groups, is the video submission?
• How favorable is the Video Submission to Gary Rome Auto Group?
• For helpful examples, check out the following links:

http://www.youtube.com/watch?v=LmqeosjjTaY

http://www.youtube.com/watch?v=u23WgtoOJUY

Based on the above judging criteria, the winning videos will be chosen.

5. Additional Terms:

All entrants of the “So You Think You Know Jack?” contest must agree to the following terms and conditions. DO NOT enter this contest if you do not agree with these terms and conditions. Your video submissions may be used for a Gary Rome Auto Group commercial but may not be copied, sold or distributed to other persons.

We reserve the rights to change the rules and prizes without any written notice.

6. Disclaimer of Warranties and Liabilities:

The undersigned (the participant or the legal guardian, if the former is less than 18 years of age) for and in consideration of the granting of permission to Gary Rome Auto Group, agrees to refrain from suing and discharges Gary Rome Auto Group and its officers, agents and employees from all liability arising out of the participation of the contestant in the “So You Think You Know Jack?” contest. The undersigned agrees to indemnify and hold harmless the Gary Rome Auto Group for any loss or damage that the contestant may incur due to the acts or the omissions of the contestant while participating in the aforementioned event. The undersigned having read and understood agrees to comply with the rules and the safety provisions established for the contest.

7. Consent of Release:

By submitting your video you give Gary Rome Auto Group the rights to use your video in any/or all promotional spots. As a guardian, you will be required to fill out a consent form for any contestant under the age of eighteen (18). Proof of guardianship will be required.

8. Who Won:

The winning entrants will be notified on or by April 20, 2012.

Grand prize: The lucky winner will be featured in an upcoming Gary Rome Auto Group commercial & receive a choice of a $250 American Express gift card or a $250 Dave's Soda & Pet City gift card. Transportation to the filming studio, in West Springfield, MA, is the responsibility of the winner. Every valid submission will receive a stuffed Jack doll.

Hyundai, Kia and Ford brands see the biggest long-term gains

Toyota's perceived quality score rose more than two percent over the last six months closing the gap with leading mainstream brand Honda, and Lexus once again reigned supreme among luxury brands, according to the Fall 2011 Perceived Quality Study from ALG, an independent subsidiary of TrueCar, Inc., and the industry benchmark for residual values and depreciation data.

"The continued rally of Toyota is evidence of the brand's widespread reputation for quality and ownership loyalty. This is the third straight survey where Toyota has shown relatively strong growth. If this trend continues, the brand might soon regain the top spot from Honda in the mainstream category," states Eric Lyman, Vice President, Residual Value Solutions, ALG.

Twice a year, ALG surveys approximately 3,000-4,000 U.S. consumers to gauge perceptions of a number of mainstream and luxury automotive brands for its PQS. According to Lyman, "Consumer perception can dramatically affect a brand's reputation and sales. A strong perception can result in greater sales while a negative perception can drive a consumer away from a brand's entire lineup."

Of the 23 brands included in the Fall 2008 survey that remain in the survey today, Ford brands, Kia and Hyundai have racked up the biggest long-term gains. Hyundai led the group, moving from 18th place to 9th place, a gain of nine spots over the past three years. Ford Cars and Ford Trucks moved from 15th to 7th and 8th to 3rd place, respectively, and lastly, Kia jumped from 23rd place in 2008 (last place among those still in the survey) to 18th place.

"These three automakers have made impressive efforts to improve brand perception and we can see that it has truly paid off in the mainstream rankings. The perception of where luxury brands stand in relation to each other seems to be solidly cemented in the minds of consumers, owing to the consistency of the luxury rankings," adds Lyman.

Additional highlights from the survey include: in the luxury category, Lexus topped the charts with an overall PQS of 82.4 (out of 100) followed by Mercedes (79.8 and -3.9 percent vs. the Spring 2011 Study), BMW (78.4; -2.5 percent), Porsche (76.7; -4 percent) and Acura (76.3; -2.6 percent). New to the survey is Alfa Romeo, scheduled to reenter the US market in 2013, which came in at the bottom of the luxury rankings, but as a brand is relatively unknown among US consumers. Honda (78.9; -2.5 percent) once again led the mainstream brands and Toyota (75.3; +2.3 percent) continued to rebound from the product recalls from early last year. Ford Trucks (68.7; -3.8 percent), Subaru (68.3; -3.5 percent), and Nissan (67.6; -3.4 percent) round out the top five.

About ALG

Based in Santa Barbara, California, ALG is a leading provider of data and consulting services to the automotive industry. ALG publishes the "Automotive Lease Guide" -- the standard for residual value projections in North America, and has been forecasting automotive residual values for over 45 years in both the U.S. and Canadian markets.

About TrueCar, Inc.

TrueCar, Inc. is an innovative automotive marketplace that benefits both buyers and sellers by providing a significantly better customer experience while helping qualified dealer partners to gain incremental market share and reduce costs. As a transparent, visual publisher of new car transaction data, TrueCar.com price reports help both dealers and consumers to agree on the parameters of a fair deal by providing an accurate, comprehensive and simple understanding of what others actually paid for the identically equipped new car over the last 30 days both locally and nationally.

TrueCar, Inc. works with a national network of over 5,000 Certified Dealers that provide up-front, no-haggle, competitive pricing to assist some of the nation's largest and most well respected membership and service organizations to meet the auto buying needs of their members and customers. These partnerships include American Express, AAA, USAA and more than 60 others. Collectively these audiences represent over 1M in-market customers each month.

Microsoft and Hyundai-Kia Automotive Group to Develop Next Generation of In-Car Infotainment

New partnership will globalize innovative in-car infotainment.

SEOUL, South Korea - May 6, 2008 - Today, Microsoft Corp. and Hyundai-Kia Automotive Group (HKAG) entered into a long-term agreement to co-develop the next generation of in-car infotainment systems. Bill Gates, chairman of Microsoft, and Mongku Chung, chairman of HKAG, were present as Martin Thall, general manager of Microsoft's Automotive Business Unit, and Hyun Soon Lee, president and chief technology officer of HKAG, signed the agreement in Seoul.

Together, Microsoft and HKAG will deliver new and innovative solutions based on the Microsoft Auto software platform, bringing the future of in-car technology to Hyundai-Kia drivers worldwide.

"These new systems will redefine consumer experiences in the car," Thall said. "Since the spring of 2006, HKAG and Microsoft have been sharing their vision for the future of in-car technology. We're now aligned to develop the next generation of in-car infotainment systems."

"We are pleased to partner with Microsoft to deliver high-performance infotainment solutions to our customers," Lee said. "The advanced capabilities, flexibility and low price point make the Microsoft Auto software platform an attractive solution for us."

The first product, a next-generation infotainment system that provides voice-controlled connectivity between mobile devices, will be introduced in the North American market in 2010. It will further apply to Asian and European markets, and expand into multimedia and navigation devices. These easy-to-use infotainment systems will allow consumers to enjoy music in various digital formats.

The next-generation infotainment systems are comparable to mini-PCs. Even after product launch, new functions can be added or upgraded in the form of software program updates, an innovation to existing in-car multimedia technology.

The Hyundai-Kia Automotive Group's adoption of the Microsoft Auto software platform increases Microsoft's presence in the Asian car market and enhances the global automotive business. The engineering and marketing teams of Microsoft's Automotive Business Unit in Redmond, Wash., will be working directly with counterparts at HKAG in Seoul to support this goal. Microsoft Auto-powered systems are currently available in Fiat Auto Group vehicles in Europe and South America and Ford Motor Co. vehicles in North America.

In a related announcement, Microsoft and Hyundai-Kia, along with the Institute for Information Technology Advancement (IITA), signed a memorandum of understanding (MOU) to co-establish an automotive IT innovation center with the goal of promoting innovation and opportunities for Korean software and device vendors in the global market.

Microsoft Automotive Business Unit

The Microsoft Automotive Business Unit is a dedicated partner to the auto industry, providing innovative technologies and flexible software platforms to help deliver simple, more reliable and cost-effective in-car infotainment systems. Developed closely with automakers and automotive suppliers, the award-winning Microsoft Auto and Windows Automotive software platforms connect drivers with a wide range of devices, services and technology while on the go, including hands-free communication, mobile device integration, customized navigation and high-fidelity digital entertainment. More information can be found at http://www.microsoft.com/windowsautomotive/default.mspx.

About Microsoft

Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.