{"id":11612,"date":"2023-09-05T09:55:33","date_gmt":"2023-09-05T08:55:33","guid":{"rendered":"http:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/genesis-crucial-in-boosting-hyundai-motor-loyalty-.html"},"modified":"2023-09-05T09:55:33","modified_gmt":"2023-09-05T08:55:33","slug":"genesis-crucial-in-boosting-hyundai-motor-loyalty","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2023\/09\/05\/genesis-crucial-in-boosting-hyundai-motor-loyalty\/","title":{"rendered":"Genesis crucial in boosting Hyundai Motor loyalty"},"content":{"rendered":"<p xml:lang=\"EN-US\" >With the Korean automaker&#39;s product portfolio<br \/>\nexpanding, its popularity among repeat buyers is growing &#8211;<br \/>\nespecially those in the luxury market.<\/p>\n<p xml:lang=\"EN-US\" ><a href=\"https:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/sp-global-mobility-recognizes-general-motors-as-top-manufactur.html\"  rel=\"noreferrer noopener\">S&amp;amp;P Global<br \/>\nMobility&#39;s 27th annual Customer Loyalty Awards<\/a> earlier this<br \/>\nyear highlighted Hyundai Motor Group&#39;s leapfrogging of its rival<br \/>\nmulti-line automakers into second place &#8211; hot on the heels of<br \/>\nperennial <a href=\"https:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/how-general-motors-maintains-its-loyalty-lead-amid-declining-s.html\"  rel=\"noreferrer noopener\">front-runner General<br \/>\nMotors<\/a>. A key reason for Hyundai&#39;s success: Its surging Genesis<br \/>\nluxury brand. And that second-place standing has continued through<br \/>\nthe first half of 2023.<\/p>\n<p xml:lang=\"EN-US\" >In 2015, though the Hyundai and Kia brands&#39;<br \/>\ncombined U.S. registrations were strong at 1.39 million, its<br \/>\ncustomer loyalty was a middling 55.2 percent. The Genesis brand had<br \/>\njust launched, with no SUVs in the lineup. Fast forward to calendar<br \/>\n2022 and not only had Hyundai-Kia U.S. sales increased to 1.45<br \/>\nmillion &#8211; despite pandemic-related shortages affecting all<br \/>\nautomakers &#8211; you can tack on another 56,140 sales for Genesis. This<br \/>\ncombination of brands has resulted in loyalty skyrocketing to 62.3<br \/>\npercent in calendar 2022, while industry average loyalty has fallen<br \/>\nduring the recent pandemic period.<\/p>\n<p xml:lang=\"EN-US\" >Hyundai Motor Group has been able to do this<br \/>\nwithout a full-size pickup truck that is a traditional loyalty<br \/>\nstronghold, said Vince Palomarez, product management principal for<br \/>\nmarket reporting with S&amp;amp;P Global Mobility.<\/p>\n<p xml:lang=\"EN-US\" ><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ihsmarkit.com\/www\/images\/0923\/genysis.jpg\" alt=\"\" width=\"950\" height=\"534\" \/><\/p>\n<p xml:lang=\"EN-US\" >When it comes to customer loyalty, the quality<br \/>\nand appeal of cars is a huge factor. However, the breadth and depth<br \/>\nof the product portfolio is equally important. As customers&#39; needs<br \/>\nchange, any brand with enough selection to support that evolution<br \/>\nwill find greater success at retaining loyalty. Hyundai Motor Group<br \/>\nis doing so, even though it has only recently moved into areas like<br \/>\nluxury vehicles and the Large SUV segment &#8211; segments where rival<br \/>\nAsian automakers have competed for decades.<\/p>\n<p xml:lang=\"EN-US\" >&#8220;By offering Hyundai, Kia, and now Genesis,<br \/>\nHyundai Motor Group has shown it can attract new owners and keep<br \/>\nthem,&#8221; said Tom Libby, associate director of loyalty solutions and<br \/>\nindustry analysis for S&amp;amp;P Global Mobility. &#8220;This opens up more<br \/>\noptions for a household that has the means to move up to a luxury<br \/>\nvehicle, to stay within the corporation in a way that did not exist<br \/>\nbefore Genesis.&#8221;<\/p>\n<p xml:lang=\"EN-US\" >The name &#8220;Genesis&#8221; first appeared on a Hyundai<br \/>\nproduct in 2003, on the Concept Genesis, and then was applied to a<br \/>\nproduction car on the Hyundai Genesis Coupe in 2007. However, the<br \/>\nGenesis brand didn&#39;t appear as a standalone until the 2016 Genesis<br \/>\nG90 sedan, followed by the G70 and G80 sedans, and more recently<br \/>\nthe GV60, GV70, and GV80 SUVs &#8211; with MSRPs stretching up to $98,700<br \/>\nfor the G90 E-Supercharger.<\/p>\n<p xml:lang=\"EN-US\" >&#8220;The credibility and competitiveness of Genesis<br \/>\nhas really gone way up, I think partially because of the<br \/>\ncompetitiveness of the Kia and Hyundai brands,&#8221; Libby said.<\/p>\n<p xml:lang=\"EN-US\" >&#8220;You can really see the evolution of this brand<br \/>\nas they&#39;ve sold that initial product, brought those customers in,<br \/>\nand kept improving the quality,&#8221; added Palomarez. &#8220;The Genesis<br \/>\nbrand should only help them going forward, increasing that loyalty<br \/>\nand presence in the industry.&#8221;<\/p>\n<p xml:lang=\"EN-US\" >Add to that existing corporate lineup a series<br \/>\nof compelling EVs across all three brands based on the company&#39;s<br \/>\nE-GMP platform &#8211; including the Hyundai Ioniq 6 sedan and the<br \/>\nGenesis GV60 SUV &#8211; and Hyundai has the product picture to ensure<br \/>\nits loyalty will stay on the rise.<\/p>\n<p xml:lang=\"EN-US\" >Can Hyundai Motor Group keep it up? Through the<br \/>\nfirst half of 2023, Hyundai was still in second place behind GM,<br \/>\nwith its loyalty dipping slightly to 60.5%, just a shade ahead of<br \/>\nFord Motor at 60.4%.<\/p>\n<p xml:lang=\"EN-US\" ><a href=\"https:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/sp-global-mobility-recognizes-general-motors-as-top-manufactur.html\"  rel=\"noreferrer noopener\">2022 AUTOMOTIVE LOYALTY<br \/>\nAWARD WINNERS<\/a><\/p>\n<p xml:lang=\"EN-US\" ><a href=\"https:\/\/www.spglobal.com\/mobility\/en\/products\/automotive-loyalty-conquest-analytics.html\"  rel=\"noreferrer noopener\">MEASURING VEHICLE<br \/>\nLOYALTY, CONQUEST, AND DEFECTION<\/a><\/p>\n<p xml:lang=\"EN-US\" ><a href=\"https:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/how-general-motors-maintains-its-loyalty-lead-amid-declining-s.html\"  rel=\"noreferrer noopener\">HOW GENERAL MOTORS<br \/>\nMAINTAINS ITS LOYALTY LEAD AMID DECLINING SALES<\/a><\/p>\n<p xml:lang=\"EN-US\" ><a 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<br>SalesExecutive@ITSec.vip<\/p>","protected":false},"excerpt":{"rendered":"<p>With the Korean automaker&#039;s product portfolio<br \/>\nexpanding, its popularity among repeat buyers is growing &#8211;<br \/>\nespecially those in the luxury market.S&amp;amp;P Global<br \/>\nMobility&#039;s 27th annual Customer Loyalty Awards earlier this<br \/>\nyear highlighted Hyund&#8230;<\/p>\n","protected":false},"author":479,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[3267],"tags":[61,122,127,129,124,128,125,132,131,133,126,130,123,66,94,88,97,56,64,65,60,3344,3351,3357,3360,3335,3340,3362,112,3353,40,75,95,3350,3352,3356,3343,3359,3339,3345,3334,3341,104,3354,33,120,3358,3349,3337,3348,105,101,98,115,30,29,41,86,3342,3361,70,69,68,72,71,26,118,108,87,3355,46,55,48,52,54,51,50,83,3338,62,58,57,3336,109,35,3346,59,63,85,79,82,96,80,27,81,114,44,42,43,45,38,39,110,117,100,111,116,3300,73,89,90,92,91,93,84,78,37,102,34,36,77,67,74,99,113,3347,119,28,121,32,47,49,53,103,31,76],"class_list":["post-11612","post","type-post","status-publish","format-standard","hentry","category-car-or-automobile","tag-airpods","tag-anime","tag-anime-characters","tag-anime-cosplay","tag-anime-edits","tag-anime-merchandise","tag-anime-movies","tag-anime-news","tag-anime-recommendations","tag-anime-reviews","tag-anime-series","tag-anime-streaming","tag-animes","tag-app-store","tag-app-store-samsung","tag-appgallery","tag-appgallery-oneplus","tag-apple","tag-apple-music","tag-apple-tv","tag-apple-watch","tag-auto-financing-guide","tag-automobile-industry-news","tag-automobile-laws-and-regulations","tag-automobile-shows-and-expos","tag-automobile-specifications","tag-automobile-technology","tag-autonomous-vehicles","tag-bbc-sport","tag-best-cars-for-long-drives","tag-best-mobile-games","tag-bixby","tag-bixby-xiaomi","tag-car-accessories","tag-car-comparison","tag-car-customization-ideas","tag-car-insurance-advice","tag-car-interior-design-ideas","tag-car-maintenance-tips","tag-car-resale-value","tag-car-reviews","tag-car-safety-features","tag-champions-league","tag-city-cars","tag-cyberpunk","tag-cyberpunk-2077","tag-driving-tips-and-tricks","tag-eco-friendly-cars","tag-electric-vehicles","tag-family-cars","tag-fantasy-football","tag-fifa","tag-football","tag-formula-1","tag-fortnite","tag-free-fire","tag-free-mobile-games","tag-freebuds-pro","tag-fuel-efficiency-tips","tag-future-of-automobiles","tag-galaxy-a52","tag-galaxy-note-20","tag-galaxy-s21","tag-galaxy-watch-4","tag-galaxy-z-fold-3","tag-game","tag-games","tag-golf","tag-harmonyos","tag-highway-cars","tag-how-to-backup-iphone","tag-how-to-factory-reset-iphone","tag-how-to-reset-iphone","tag-how-to-restore-iphone","tag-how-to-unlock-iphone","tag-how-to-unlock-iphone-5","tag-how-to-unlock-iphone-6","tag-huawei","tag-hybrid-cars","tag-ios","tag-ipad","tag-iphone","tag-latest-car-models","tag-live-soccer","tag-lol","tag-luxury-cars","tag-macbook","tag-macos","tag-mate-40-pro","tag-mi-11-lite","tag-mi-home-security-camera-basic-1080p","tag-mi-home-security-camera-basic-1080p-huawei","tag-mi-smart-band-6","tag-minecraft","tag-miui","tag-mlb-scores","tag-mobile-game-design","tag-mobile-game-development","tag-mobile-game-marketing","tag-mobile-game-monetization","tag-mobile-games","tag-mobile-gaming","tag-nba-scores","tag-nba-standings","tag-nfl","tag-nfl-scores","tag-nhl-scores","tag-off-road-vehicles","tag-one-ui","tag-oneplus","tag-oneplus-9-pro","tag-oneplus-buds-pro","tag-oneplus-nord-ce-5g","tag-oxygenos","tag-p40-pro-plus","tag-poco-x3-pro","tag-pokemon","tag-premier-league","tag-pubg","tag-pubg-mobile","tag-redmi-note-10-pro","tag-samsung","tag-samsung-pay","tag-soccer","tag-sports","tag-sports-cars","tag-steam","tag-steeam","tag-top-10-anime","tag-valorant","tag-when-do-the-iphone-7-come-out","tag-when-does-the-iphone-7-come-out","tag-when-is-the-iphone-7-coming-out","tag-world-cup","tag-xbox-series-x","tag-xiaomi"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/11612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/users\/479"}],"replies":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/comments?post=11612"}],"version-history":[{"count":1,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/11612\/revisions"}],"predecessor-version":[{"id":11613,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/11612\/revisions\/11613"}],"wp:attachment":[{"href":"h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