New troubles retain arising as the vehicle marketplace proceeds to rapidly modify to the new ordinary the coronavirus pandemic has made. Automakers, this kind of as FCA, are undertaking every little thing they can to induce product sales, this kind of as providing zero percent interest for about seven many years and deferring payments for ninety times. Point is, a bulk of FCA’s vehicles are built in the US or Canada. What about automakers like Hyundai wherever a greater amount of its models are built overseas? This predicament has essentially turned into a predicament for the South Korean automaker.
Reuters studies you can find now an unfamiliar amount of South Korean-built Hyundai models sitting in US ports since dealerships here are in no rush to obtain them. With product sales down, inventory is mounting and you can find just no room for them on lots. Recall, dealerships are privately owned franchises and they have to obtain new vehicles from automakers and then pay out interest just about every thirty day period for unsold inventory.