Hyundai Group

Let me fill in the blanks for you.

In 1999, Hyundai did a masterstroke that even to this day no other manufacturer outside of the Hyundai group offers this kind of warranty: 10 years, 100,000 miles on the engine, guaranteed.

I believe it's six years, 60,000 on everything else.

It is the best warranty in the industry, and I mean better than Mercedes, better than BMW, better than Lexus, better than Toyota.

All because that at the turn of the century, the folks at Hyundai said, "You know what? We're gonna get serious about quality.

We are going to get serious." And with Kia now under their fold, and I told folks down through the years when all I was doing was writing car reviews, I said, "Keep your eye on Kia, 'cause every time they come out with a new generation, it's not evolutionary, it's revolutionary.

They are leaping better, and better, and better- And right now, believe it or not, Hyundai Group is the third largest automaker in the world.

That is behind Toyota and Volkswagen.

Let me fill in the blanks for you.

In 1999, Hyundai did a masterstroke that even to this day, no other manufacturer outside of the Hyundai Group offers this kind of warranty.

10 years, 100,000 miles on the engine, guaranteed.

I believe it's six years, 60,000 on everything else.

All because that at the turn of the century, the folks at Hyundai said, "You know what? We're gonna get serious about quality.

We are going to get serious." And with Kia now under their fold, and I told folks down through the years when all I was doing was writing car reviews, I said, "Keep your eye on Kia, 'cause every time they come out with a new generation, it's not evolutionary, it's revolutionary." They are leaping better and better and better.

And right now, believe it or not, Hyundai Group is the third-largest automaker in the world.

That is behind Toyota and Volkswagen.

It's what they call peak auto, because that's when car sales hit their peak.

One of the last growth markets left in the world is India, and the Hyundai Group just placed a $15.5 billion bet there.

It's going to boost production, establish an R&D center, build up its supply chain, all with an eye on boosting sales as well as using India as a major export hub.

That's all expected to be in place by 2032, and Hyundai says it represents a 30-year commitment to India.

This is Autoline Daily, the show dedicated to enthusiasts of the global automotive industry.

The Hyundai Group is on pace to outsell Ford in the US, and Toyota is nipping on GM's heels.

Forecasters are predicting that third quarter sales will drop slightly to just over four million units, which will mainly come from slides at GM, Ford, and Stellantis.

Honda, Hyundai, and Toyota are all expected to post quarterly gains.

As we mentioned, the Hyundai Group is on pace to outsell Ford in Q3, and Toyota could come within 30,000 units of GM.

In fact, the Detroit Three are forecast to have about a 36% market share for the quarter, which would be a record low.

We see two big factors at play here.