Production of Japanese cars dropped after the devastating earthquake and tsunami.
Sales of South Korean car manufacturer, Hyundai-Kia Automotive Group, is expected to soar high and overtake Toyota and Honda in the United States in May.
According to industry analysts TrueCar, as quoted by Automotive News, Monday, May 26, 2011, sales of Hyundai-Kia is expected to reach 115,434 units in May. Sales rose 43.4 percent compared to May last year. Sales for the Korean group has put this on the market share of 10.9 percent and held the position of number three, after Ford Motor Co. and General Motors.
TrueCar analyst, Jesse Toprak, explained that the high momentum of the Hyundai-Kia sales because no other production cars from Japan, particularly Toyota and Honda, which declined very sharply. This happened after the earthquake and tsunami of Japan, 11 March, which devastated parts factories, thus making the chain of production is lost.
"There are some shortages of supply of Japanese vehicles, and this fact must be acceptable to them," said Toprak.
TrueCar Hond predict sales, including Acura in May was down 20.7 percent from May 2010 to 92 889 units. While sales of Toyota, including Lexus, plunging 32.8 percent to 109,416 units.
The level of sales from January to May is estimated to reach 11.9 million units, up from 11.6 million in the period of 2010. Toprak said the supply of Japanese cars is still small, especially for fuel-efficient models are only built in Japan.
According to industry analysts TrueCar, as quoted by Automotive News, Monday, May 26, 2011, sales of Hyundai-Kia is expected to reach 115,434 units in May. Sales rose 43.4 percent compared to May last year. Sales for the Korean group has put this on the market share of 10.9 percent and held the position of number three, after Ford Motor Co. and General Motors.
TrueCar analyst, Jesse Toprak, explained that the high momentum of the Hyundai-Kia sales because no other production cars from Japan, particularly Toyota and Honda, which declined very sharply. This happened after the earthquake and tsunami of Japan, 11 March, which devastated parts factories, thus making the chain of production is lost.
"There are some shortages of supply of Japanese vehicles, and this fact must be acceptable to them," said Toprak.
TrueCar Hond predict sales, including Acura in May was down 20.7 percent from May 2010 to 92 889 units. While sales of Toyota, including Lexus, plunging 32.8 percent to 109,416 units.
The level of sales from January to May is estimated to reach 11.9 million units, up from 11.6 million in the period of 2010. Toprak said the supply of Japanese cars is still small, especially for fuel-efficient models are only built in Japan.
