[Colin]

Hyundai and Kia logged a 7% increase in sales for the month of February in the US. That is great news for the Korean-based company in a month that saw weaker than expected car sales overall.

The Sonata (13,987 units) and the Genesis (2,793 units) led the way for Hyundai. Kia had its Sedona minivan (2,362 units) and Sorento crossover (8,518 units) leading its lineup in sales.

Hyundai vice president of national sales Bob Pradzinski "attributed the surge to a strengthening economy – fast-growing consumer spending and confidence – that offset the harsh winter weather."

 

[Santana]

With how Hyundai has refreshed the Sonata and Genesis, i'm sure that contributed to some portion of those numbers. Overall, good to see they're doing as well as they are.

 

[Colin]

The Genesis just isn't a huge seller anyway though. I just mean that it isn't a volume model, so it can only contribute so much, though it may bring in quite a bit of profit.

 

[Dex]

"and 8 year loans, we just started doing that" Pradzinski was heard giggling just off camera...



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[Colin]

Those long term loans will bring constant cash flow for Hyundai, but I am nervous that loans like those could end up defaulting if there is another economic downturn.

 

[Santana]

Loan time frames are getting out of hand. I wonder whats next... 10 years?

 

[Colin]

There are some that are getting into that area I'm pretty sure. If you have to spread out the cost over that period of time then maybe you should be buying a used car instead. Just a thought.

 

[Santana]

There are some that are getting into that area I'm pretty sure. If you have to spread out the cost over that period of time then maybe you should be buying a used car instead. Just a thought.

that's how it should be at best
only downside is with buying a used vehicle, you don't have all the new vehicle things to rely on and it's not nearly as much of a predictable experience
buying new if you can afford it is best worry-free way to own a vehicle

 

[Colin]

that's how it should be at best
only downside is with buying a used vehicle, you don't have all the new vehicle things to rely on and it's not nearly as much of a predictable experience
buying new if you can afford it is best worry-free way to own a vehicle

You definitely need to be a bit more cautious when buying a used car, but there are plenty of good quality used cars out there. Just don't go to Mr. Wormwood.

 

[Santana]

You definitely need to be a bit more cautious when buying a used car, but there are plenty of good quality used cars out there. Just don't go to Mr. Wormwood.

Buying a certified used vehicle from an automotive dealer is a safer way. While you pay more in the end it's less to worry about. Those that know more about cars can save a lot by buying privately.

 

[Colin]

Buying a certified used vehicle from an automotive dealer is a safer way. While you pay more in the end it's less to worry about. Those that know more about cars can save a lot by buying privately.

I think the best thing to keep in mind is that slimy used car salesmen are first, a stereotype that isn't actually that common, and second, they can only take advantage of you if you are not prepared enough to rely on your own knowledge and ask them everything. Do some research so that you can recognize when a jerk is trying to rip you off.

 

[Santana]

I'm not concerned about that.
Its folks that know little about vehicles and don't have the foundation for gaining knowledge on what they should know that are the ones in trouble.

 

[Colin]

I'm not concerned about that.
Its folks that know little about vehicles and don't have the foundation for gaining knowledge on what they should know that are the ones in trouble.

Well if you've done your research then you should be fine. It seems like we agree on this then.

 

[Dex]

No... you see if they buy a used car they cant help hyundai grow 7% YoY. Socially its ok to have a 10 year car note because hey, everyone is doing it...

the credit is stretched further and we glorify stuff more then we demonize credit so the weighting is off and besides used=poor didnt you know?



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[Santana]

Well if you've done your research then you should be fine. It seems like we agree on this then.

And that accounts for a small portion of people.