Hyunda, Kia roll back 2006 sales target
Analysts have said they expect Hyundai to achieve higher sales thanks to lower oil prices next year, despite weak domestic demand during the economic slowdown in Asia's third-largest economy, and because of consumers' possible negative reaction to North Korea's nuclear tests. "In 2007, sales are expected to be slightly higher than this year, but I don't see a sharp turnaround as the global economy may deteriorate," said CJ Investment auto analyst, Choi Dae-sik.
In related news, fellow Korean automaker GM Daewoo said it expected growth to slow from 38 percent so far this year, to 12.5 percent next year, as the impact of new product launches wears off.
- Biggest automotive sales disappointments
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models