Long-awaited Hyundai Aslan arrives
Hyundai Motor has finally unleashed the Aslan that it hopes will recapture some of the ground it has lost to imports in the large premium sedan market.
Unveiled at the Busan International Motor Show in May, the Aslan arrives in showrooms today.
At a ceremony yesterday at the Dongdaemun Design Plaza in central Seoul, executives including President Kim Choong-ho, Interior Design Group Director Juh Byung-chul and Kwak Jin, vice president of the domestic sales division, presented core technical features and marketing strategies for the Aslan.
“This year, the company had a hard time attracting customers who were fascinated by German brands in the domestic market,” said Kim. “But I strongly believe that the Aslan will attract potential buyers who are considering a large sedan.”
The safety highlight is the Blue Link system that provides automatic collision notifications, enhanced roadside assistance, vehicle diagnostic alerts, monthly vehicle health reports and in-vehicle service scheduling at no cost for five years.
Its fuel-efficiency is rated at 9.5 kilometers per liter (22.3 miles per gallon) for both 3.0 and 3.3 models. The starting price for the 3.0 model is 39.9 million won ($37,000), while the 3.3 model is 41.9 million won.
The company said its goal is to sell 6,000 units this year and 22,000 next year. If the car is successful in Korea, Hyundai said, it may be exported to China, North America and the Middle East.
The Aslan’s target market is low-ranking executives in major conglomerates and buyers in their 40s and 50s. The company said it has more than 2,000 preorders and about 40 percent have come from conglomerates.
Major companies such as Samsung Group and Posco provide cars for executives. Hyundai’s premium Genesis sedan has been a popular option.
“About 48 percent of Genesis sales are to conglomerates,” said a company spokesman.
“We targeted customers considering the Mercedes-Benz E-Class or Lexus ES 350,” said Kim Sang-dae, director of domestic marketing. “Aslan is very comfortable to ride in and is offered at much lower prices.”
BY KWON SANG-SOO [firstname.lastname@example.org]
More in Industry
Eastar Jet's pilot union pushes for receivership of airline
ITC agrees to review its decision in Botox dispute
Hyundai Motor and union come to a wage freeze deal
Samsung Biologics signs supply deal with AstraZeneca
Tesla to increase battery cell purchases from suppliers including LG