Hyundai chief operating officer Tom Ruddenklau has a novel take on Europe's woes. He's convinced if the euro goes down the tubes, the resulting drop in demand for new cars will free up supply for New Zealand.
What's new
Meantime, he ended 2011 by launching the newest Accent sedan and hatch, forcing a niche below Elantra sedan and between its i20 and i30 siblings; larger than Yaris, smaller than Corolla. Climbing the Hyundai model tree will feel more natural once the next, bigger, pricier i30 arrives but, for now, it's an embarrassment of compact riches in Hyundai showrooms.
The company line
With final year figures still coming, Hyundai's on track for an increase in year-on-year sales of over 20 per cent, but Ruddenklau says he could have sold more cars had stock been available. He's not worried a free-falling euro would cause sufficient ructions in the NZ market to prevent Europe-sourced stock from selling.