Hyundai
is maintaining the price. The head of the car manufacturer along with its luxury division, Genesis, stated on Friday that they will keep all listed prices unchanged until at least June 2, even though new U.S. tariffs have been imposed on imported cars and auto components.
“Hyundai has always been committed to offering value and acting ethically towards our customers and communities,” stated José Muñoz, President and CEO of Hyundai Motor Company, in a press statement.
We understand that customers are concerned about possible price increases, so we aim to offer them some consistency over the next few months. This manufacturer’s suggested retail price guarantee is only one aspect of our comprehensive approach to delivering high-quality cars to American buyers, as well as sustaining numerous employment opportunities and injecting significant funds into what is crucially important territory for our business.
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Hyundai operates multiple assembly facilities in the U.S. where it produces popular models such as the Santa Fe.
Santa Cruz
Moreover, the company is significantly investing in boosting local manufacturing capabilities; however, it continues to import a substantial number of vehicles from South Korea.
AMERICAN-MADE SUV OF THE YEAR
TM
: HYUNDAI SANTA FE
A model that has recently crossed the Pacific is the
The Ioniq 5 is an electric compact SUV.
, which is now produced in Georgia, with the bigger Ioniq 9 set to launch later this year.
Dealers of Hyundai vehicles retain the ability to set their own prices due to the brand’s franchise system; however, the manufacturer suggested retail prices (MSRPs) will stay constant over the coming two-month period.
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