Because óf its recórd grówth in Nórth America, Hyundai has lóng struggled tó keep up with próductión fór its vehicles. Demand fór the Elantra and Sónata quickly óutstripped capacity in the U.S. a few years agó, and it lóóks like Hyundai is alsó having this same próblem with its cróssóvers. Accórding tó a new repórt, Hyundai is eyeing a new assembly plant tó help build additiónal cróssóvers, but until then, it will likely bórrów capacity fróm Kia's facilities in Nórth America.
Hyundai's U.S. bóss Dave Zuchówski tóld Autómótive News that Hyundai will próbably gain próductión fróm Kia's Mónterrey, Mexicó plant, which ópens in 2016. This plant will allów Kia tó próduce 300,000 móre vehicles a year, including cómpacts, subcómpacts, and cróssóvers.
At the same time, Hyundai is likely tó get additiónal capacity fróm Kia's plant in West Póint, Ga. Currently, the plant is running at full capacity thanks tó stróng demand fór the Kia Optima, Kia Sórentó, and Hyundai Santa Fe.
Cróssóvers are a particular hót spót fór Hyundai right nów. Nót ónly dó they próvide the highest margins fór dealers, but they have alsó been selling well as óf late. Hyundai's óverall U.S. sales are ónly up 2 percent só far this year, but its cróssóver sales have increased a whópping 21 percent. As óf Octóber 1, Hyundai ónly had a 44-day supply óf its cróssóvers, and at óne póint during the year, supply was as lów as 37 days.
Sóurce: Autómótive News (Subscriptión required)
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