who is hyundai sonata direct competition

North America is the largest market for Toyota, followed by Japan and Asia. Its focus is now on sustainable growth and the production of electrical vehicles that have a very low impact on the environment. The brand is a globally well known maker of cars, SUVs and electrical vehicles. Toyota is a major global vehicle brand and a tough competitor for Ford, Hyundai & Volkswagen. The number of Ford trucks (retail sales) sold in US equalled 1,123,416 units whereas it sold 867,909 SUVs and 595,390 cars during the same period. In 2017, it sold more than 2.5 million vehicles at retail in US. Ford is an innovative brand and also one of the most popular brands in the Asian markets. In 2017, the brand sold around 6,607,000 vehicles at wholesale. The vehicle brands of Ford Motor Company include Ford and Lincoln. The other business segments of Ford Motor Company include Ford Smart Mobility LLC and Central Treasury Operations. Its main two business segments are automotive business segment and financial business segment. The company is consistently working to acquire a leadership position in mobility and electrical vehicles. Apart from that the brand also provides financial services through Ford Motor Credit Company LLC. Today, Ford Motors Company is a global brand that designs, manufactures, markets, sells and services a large range of vehicles including Cars, trucks, SUVs, electrical vehicles and Lincoln Luxury vehicles. It came into formation through the acquisition of Ford Motor Company that made and sold vehicles engineered by Henry Ford. The company was incorporated in Delaware in 1919. Ford Motors:įord is among the most renowned car makers of the world. Major names among Hyundai’s competitors include – Ford, General Motors, Toyota, Suzuki, Volkswagen, Nissan, Honda, FCA (Fiat Chrysler Automobiles), BMW & Mercedez. This is a list of the main competitors of Hyundai Motors. Hyundai is also one of the tough contenders in the global automotive market and a major competitor of Ford Motors whose position in the Asian markets continues to grow stronger. The brand achieved a revenue of 96376 Billion Korean Won from the sales of 4.9 Million vehicles in 2017. Hyundai’s largest market is Asia where it sold more than 1.88 million vehicles in 2017. Elantra, Sonata, Santa Fe, Tucson and Creta to IONIQ, Hyundai sells a very large range of highly popular vehicles. Apart from the passenger cars, small family cars and SUVs, the brand also makes MPVs, eco friendly cars and the Genesis brand cars. It also has manufacturing plants in US, Brazil, Russia, China and India. Its Ulsan plant in South Korea is the single largest automobile manufacturing plant in the world. It is a leading brand in several other areas too including owning the largest manufacturing plant.

It has brought several market leading cars in the small car segment in Asian markets. Its technology and brand image are important factors behind its popularity. Apart from passenger cars and SUVs, Hyundai also brings luxury vehicles and owns the Kia brand. Hyundai is also a major global car maker that has grown highly popular in the Asian markets.

Who is hyundai sonata direct competition