Hyundai Runs Risk of Discounts With Auto Import Boost, Parts Cut On Tariffs — Panjiva
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Hyundai Runs Risk of Discounts With Auto Import Boost, Parts Cut On Tariffs

China 3047 Cons. Discr. - Autos 1246 South Korea 605 Tariffs 1865 U.S. 5398

Hyundai Motor plans to boost its share of the U.S. auto market to 4.2% in 2019 from 3.9% in 2018 via the increased sale of SUVs. That comes against the backdrop of a 7.3% decline in total foreign-built auto sales in the U.S. in 2Q. Hyundai’s seaborne imports of vehicles surged 25.9% higher year over year in 2Q, raising the risk of discounting if the volumes can’t be sold at list. The firm’s imports of parts for its factory in Alabama fell 5.1% in 2Q due to a mixture of tariffs on Chinese imports – which dropped 32.2% – and potentially weaker demand given South Korean imports fell 3.1%. T...

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