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Why is South Korea waiting 30 months for a new Kia, Hyundai and Genesis?

Carmakers attribute the slowdown in new car deliveries to the continuing shortage of semiconductors and the general growth in demand for new vehicles, but is that so? Many consumers in South Korea believe that Hyundai Motor Group prioritizes overseas markets due to the depreciation of the Korean currency against the US dollar, which means that exporters can sell products at a lower price in the global market.

The Korea Times revealed that some customers have been told they will have to wait up to 30 months before taking delivery of a new Hyundai, Kia or Genesis model. Local auto trading platform Getcha revealed that buyers of the 26 models will have to wait up to 30 months, up from 11 months a year earlier.

Bulgaria leads the EU in new car sales in May

One of the main European markets, Germany, recorded a decline of more than 10% over the period

“I have to wait two and a half years to buy a Genesis or any other sports SUV made by Hyundai or Kia,” a buyer told a local forum. “The delay was only about seven months a year ago. Why don’t they hurry them?” He asks further.

It is known that the production of Kia K3 and K5 has been delayed for three to five months and up to eight and a half months for some K5, K8 and Sorento Hybrid models. Meanwhile, buyers of Hyundai Avante, Sonata, Grandeur and Santa Fe will have to wait six to 20 months before getting the keys.

A local official denied claims that overseas buyers had priority.

Sales of new cars in Europe have decreased for the ninth consecutive month, in our country there is a high growth

Sales of new cars in Europe have decreased for the ninth consecutive month, in our country there is a high growth

In March in the European Union they fell by another 20.5%

“Not only Korean users, but foreign users are also experiencing delays,” the official said. “The claim that we prioritize foreign consumers over domestic consumers is simply wrong. Whether it’s electric (EV) or hybrid vehicles, the latest models need the latest chips and parts, which provenance may require. We will do everything we can to immediately respond to the growing demand from consumers who choose to purchase our vehicles, “he added.

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