Home » American Industry, Genesis, Hyundai

Hyundai bringing 100 Equus sedans stateside

7 May 2009 2 Comments

Hyundai Equus coming to USA

The Genesis has caught enough attention to convince Hyundai to bring 100 Hyundai Equus sedans to the States. The luxury cars will be displayed at dealerships around the country to gauge public interest. Translation: They’re serious about the whole Genesis luxury brand business.

The Equus is supposed to compete with the BMW 7 Series, Mercedes Benz S-Class and Lexus LS460. But if USA Today’s right, the $75,000 price tag might be too much for a Hyundai badge.

USAToday: With Hyundai having found unlikely success selling luxury cars in the U.S., now it’s toying with the idea of moving up in price point again — to $75,000 sedans.

It’s exploring whether Equus, an updated large sedan that just went on sale in South Korea, can take on the BMW 7 Series, Mercedes-Benz S-Class and Lexus LS 460L in America.

Long known for cheap cars and a 10-year warranty aimed at dispelling a reputation for inferior quality, Hyundai is hoping its luxury strategy will burnish its image. It already has two luxury models in the U.S. under the name Genesis, a midsize sedan and a sporty coupe.

Success of the Equus “would decisively shift public opinion in our favor. It would be the capstone,” said spokesman Oles Gadacz at Hyundai’s Research & Development complex outside Seoul.

This summer, the South Korean automaker plans to ship 100 Equus luxury sedans to U.S. dealerships to quietly gauge what American customers think about the model. Equus also was displayed at the New York International Auto Show last month simply to gauge reaction. “We have modest expectations,” Gadacz said.

Hyundai sold 6,021 Genesis sedans this year through April, Autodata says. Prices ranged from $32,250 for a V-6-powered version to about $42,000 for a fully loaded V-8 model. To lure luxury buyers, Hyundai is discreet about where its logos appear on the Genesis. Buyers so far have included those moving over from entry-level Lexus or BMW 3 Series, as well as those trading in Toyota Avalons or other large non-luxury sedans, says Art Spinella of CNW Marketing Research.

Jeff Schuster, executive director of forecasting for J.D. Power and Associates, says that while there is promise, Hyundai needs to worry about stretching its brand too far. But Milton Pedraza of the Luxury Institute says upscale buyers now yearn for value, not just sophistication, and there is room for a lower-price alternative luxury brand.

The larger Equus uses the same 4.6-liter, 375-horsepower V-8 as is found in Genesis. In South Korea, Equus comes in a chauffeur version with a rear-seat power leg rest and seat massage unit.

If it decides to sell Equus in the U.S., Hyundai could face “a stronger challenge” than Genesis did, says Alexander Edwards, CEO of Strategic Vision.

  • j-a-z ⇒ 5-8-2009 at 1:25 am said:

    Already here big man:
    hyundai hq - america

  • Henny ⇒ 5-13-2009 at 7:56 am said:

    Hello,
    My name is Henny and I am from the Netherlands and I would like to ask you for your help if I may.

    In the Netherlands there is a photo-contest at the moment where you can win a Hyundai i10. The only thing you need to do is to spot the new Hyundai i10 /i20 or i30 somewhere on the road and make a spectacular or surprising photo.

    As the car is rather new in the Netherlands I haven’t been able to spot the car in my town to make a photo of it. The dead line is tomorrow 14th of may.

    Would you be able to help me with photos of this car or else could you help me in contacting me with car fans who might be able to send me some photos?

    Thanks for your kind help!
    sincerely,
    Henny

LEAVE YOUR RESPONSE!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

Get a globally-recognized-avatar.