South Korean giants Hyundai and Kia are planning to introduce several new models in H2 2016 after a combined 2.4 per cent year-on-year sales drop from January to June.
After a mediocre start to the year, the Hyundai-Kia group has cut its 2015 sales target by around 10%, from 8.2 million to 7.5 million. There are two main reasons for that: the Chinese economic crash and the re-emergence of rivaling Japanese brands. Nonetheless, the two companies will be brining in several new products over the next few months to reconsolidate their position in the global automotive industry.
Hyundai will start off with the sixth-generation Elantra, which will be based on the same platform as the next-gen i30 hatchback and the next-gen Kia Cerato. The car has been spotted testing on several occasions and is expected to make its global debut at the 2015 Los Angeles Auto Show in November. In addition to that, Hyundai will also introduce new Accent, a diesel version of the Genesis sedan and a hybrid Toyota Prius rival, nicknamed ‘AE’.
Talking about Kia, its main launch will be the fourth generation of the QL Sportage crossover. A small hybrid crossover codenamed ‘DE’ and borrowing influence from the 2013 Kia Niro concept is also in the pipeline.
[News Source: Motoring]