When it comes to business, timing is everything. Hyundai knew this fact well when they entered the United States market in 1986. After noticing a shift in the market toward high-priced luxury vehicles, Hyundai saw a real need for affordable, high-quality vehicles that could appeal to any driver on the road. After its introduction to the market in February, it didn't take long for customers around the nation to take notice! Elgin Hyundai takes a deeper look at the journey of this automotive powerhouse over the past three decades. Find out what it took for Hyundai to become an international success story, then take a look at some brand new models!
The Early Years
Hyundai hit the ground running when it debuted in the United States. Not only did the company enjoy immediate success, but they expanded exponentially to become an industry giant at a rapid speed.
- 1986: Hyundai's debut brought in sales of 168,882 - marking a record for first time sales in the import segment.
- 1987: Hyundai raised the bar even higher, surging to 263,610 units sold.
- 1988: Hyundai Motor America (HMA) grows with every year, and a $21 million distribution center opens in California to keep up with the immense demand.
- 1990: After expanding to Illinois and Georgia, HMA moves its headquarters to an 18-acre facility in Fountain Valley, California.
The Later Years
After their initial success, the Hyundai team showed no signs of slowing down. Hyundai continues to grow and innovate to the present. The future looks bright for this customer favorite!
- 1990: HMA opens a huge, $12 million port facility in Oregon. Five other port facilities follow.
- 2002: Montgomery, Alabama becomes the first Hyundai assembly plant in the United States, employing nearly 2,000 workers.
- 2003: The Hyundai-Kia Motors Design & Research Center opens to generate brand new ideas and fresh design concepts for future vehicles.
- 2014: Hyundai is named the fifth largest automobile manufacturer, based on overall sales.
Try a New Car at Elgin Hyundai!
Are you ready to experience Hyundai history in person? Visit Elgin Hyundai to see why this brand has changed the auto industry forever. You'll love getting behind the wheel of a gorgeous new Sonata or Santa Fe, and our experts would be happy to introduce you! Contact us online for more information and apply for financing today.
