Jump to content

MyCarForum Logo
Search
Magnifying glass

SEARCH

0

Toyota Camry wins 2013 "Korea Car of the Year" Award

By SYF77 on 01 Feb 2013

Attached Image

Toyota shocked Hyundai by clinching the 2013 “Korea Car of the Year” award with its Camry model in South Korea. Hyundai was apparently so taken aback that none of its officials attended the presentation ceremony.

Attached Image

A Hyundai official told The Korea Herald, “We are perplexed. It would have been a lot better if a Korean brand won the top prize.” Taking into consideration that the ‘European Car of The Year’ award winner has not always be a European make, Hyundai should perhaps feel less upset. The past two winners were the Kia K5 in 2011 and the Hyundai i40 in 2012.

Toyota Camry was introduced to the Korean market back in 2011 when tax cuts on imported vehicles were made.

To counter the effects of the strong Yen, Toyota imported the vehicles from the U.S instead of Japan. For readers’ information, imported car sales surged 24.6% in 2012. To counteract the eroding market share, Hyundai has introduced price cuts for its flagship models and beefed up marketing efforts in its home market.

It looks like Hyundai is not going to be pleased with its government for opening up the floodgate to foreign imports.

awards, sales report, discussions and 7 more...

Viewed: 1,227 times

Related Blog Posts
SYF77
Written by SYF77
I have been a car fanatic since 1989, when my father was changing our family car then to a Toyota Corolla 1.6 GL fitted with a Twin Cam 16 valve engine that was carburetor-fed, a big deal back in those days. The automobile technology and industry fascinates me and I hope to broadcast these interesting developments to everyone out there through this blog.



 
Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Photo
“I, Halimah Yacob, having been elected as President of the Republic of Singapore, do solemnly swe...
POPULAR BLOG POSTS
Photo
We are sure some of you might not like how the new Type R has an odd number of tailpipes instead...
Photo
British rally driver Colin McRae, son of five-time British Rally Champion Jimmy McRae, just sold...
Photo
Following his major accident on Saturday behind the wheel of a Rimac Concept_One, “The Grand Tour...
Photo
EA has just previewed its latest installment of the Need For Speed franchise and BMW's new M5...
Photo
Porsche is unleashing a limited-run 911 Turbo S into the world called the Exclusive Series Coupe....
   Lifestyle Articles