is hyundai an endangered species

[felex]

i've seen like 3 dealers go under already, WTF

[05xd]

Poor business planning probably

[SuperGLS]

They've been opening more and more dealers every year and now have over 750 dealers. At the beginning for 2000 they didn't quite have 500 dealships. If my math is right that is 35 new dealers a year.

They aren't going anywhere.

[getfuzzd]

My dealer where I originally got my xd2 decided to retire/sell off his dealerships around here.

[WytchDctr]

Ours is doing well and to tell you how much better a hyundai run than a ford they handle the over flow from the ford dealership in their service bays, lol.

[chillbro1]

My dealer where I originally got my xd2 decided to retire/sell off his dealerships around here.

I have read a bit about this in Automotive News and other industry magazines.

HMA has a fairly new COO, Steve Wilhite, who wants to take the company in a new direction. The long and short of the story is HMA is taking a fairly hard line with poor (Sales/Service/Parts) performing dealers.

Based on what I have read, Hyundai is looking for dealers that are willing to commit to facility upgrades, training, etc...in an effort to improve the experience of the Hyundai customer in dealerships.

If you see a dealer go away...is possible it is due to the fact that they were not performing in one of the areas listed above...or several.

However...when an Auto Franchise (such as Hyundai) is growing, it is not uncommon to see the long term dealers of that given franchise sell the franchise because it is in demand and as a result can generate significant profits...particularly for the older dealership owners who are ready to get out of the business and retire.

Peace,

[cclngthr]

I have read a bit about this in Automotive News and other industry magazines.

HMA has a fairly new COO, Steve Wilhite, who wants to take the company in a new direction. The long and short of the story is HMA is taking a fairly hard line with poor (Sales/Service/Parts) performing dealers.

Based on what I have read, Hyundai is looking for dealers that are willing to commit to facility upgrades, training, etc...in an effort to improve the experience of the Hyundai customer in dealerships.

If you see a dealer go away...is possible it is due to the fact that they were not performing in one of the areas listed above...or several.

However...when an Auto Franchise (such as Hyundai) is growing, it is not uncommon to see the long term dealers of that given franchise sell the franchise because it is in demand and as a result can generate significant profits...particularly for the older dealership owners who are ready to get out of the business and retire.

Peace,

HMA uses a customer survey which rates the bonus they get from HMA on every sale and service transaction. If the customer rates them poorly (or is truely uninformed about the service and rates them higher) they get a bonus reduction or bonus for that particular transaction.

Since warranty is most of the work on Hyundai's, this could shoot HMA in the foot if they are not careful.

[Munky]

It's all part of the game.. Businesses come and go, doesn't mean the product will.

[Doohickie]

There was a dealer in my area that closed the franchise, then reopened under new management. I never saw them before they closed, but when they reopened, it was in a very large building, somethng you would expect for a Chevy dealership. Lots of service bays, lots of inventory. They even brought some service techs in from out of state (who happen to be active in our local Hyundai community... w00t!) This place, compared to any other Hyundai dealership I've seen, has the best claim to being a "mega dealer". They are in an automall area, but they have their own large building and are not sharing with anyone else.

The other two dealers that are close to my house include a back-woodsy smalltime dealership, in an old Dodge showroom that is quite worn in. Good people there, but I don't see any new money going into the dealership.

The other dealership is a semi-standalone Hyundai dealership. They have their own showroom with a body shop, but all the service is done in the shope they share with a Dodge dealership. They are a pretty big dealership too, but only because they have the two-franchise dealership.

It would not surprise me at all if the back-woodsy one close up shop in the next year or two now that the mega-dealer is open. Overall there are a lot of Hyundais in this area. They are a major brand. I hear Hyundai is 5th or 6th in production worldwide, and what I see around here backs that up.... here in Bubba, Texas, there are lots of Hyundais.

[alienman]

We have a Brand New dealership being built as I type, I think they are planning to open in may or june, From the looks of the new building and lot it is gonna be pretty sharp looking with lots of room for vehicles and a nice big service area. I am kinda excited. No more hour and a half travels to get a part or warranty stuff.