Genesis G90 gets more than 4300 orders in first 24 hours

[YEH]

Just because you don't understand that there can be many reasons for "pent-up" demand, doesn't make your explanation any better.

There was obviously "de facto" pent-up demand, simply based on the number of pre-orders.

Not surprisingly, you continue to argue for argument's sake.

Yes, there can be various reasons for pent-up demand - but by it's very definition, implies that there was existing demand which wasn't met for various reasons.

One such reason being an extra long life-cyle before the replacement such as btwn the 1G and 2G Equus (so if there was a time for pent-up demand, it would have been at the launch of the 2G Equus).

Another reason could be buyers holding off major purchases until the passing of economic uncertainty - such as the current boom in US auto sales, as buyers return after holding off from substantial purchases during the immediate years following the financial meltdown.

But in both cases - there is an implied (normal) demand that wasn't fulfilled due to extenuating circumstances.

That does not seem to be the case for the dramatic rise in pre-orders for the EQ900, as it wasn't the case for the equally dramatic rise in Optima sales.

In order for there to have been pent up demand - there had to have been 3.7x prospective buyers for the Equus who didn't end up purchasing one due to extenuating circumstances.

It's a pretty safe bet to say that there were not 110k+ prospective 2G Optima buyers yearly (so really an additional 550k or 660k during a typical 5-6 yr life-cycle) who held off on purchasing an Optima due to extenuating circumstances.

There was no such pent up demand for the Optima.

The 3G Optima saw explosive growth b/c it was much more appealing and had tons of conquest buyers; if it had been another ho-hum Optima, would never have seen that explosive growth in sales.

(And when pent-up demand for the 3G Optima actually did occur, it was when there was insufficient supply prior to US production of the Optima).

 

[Sal Collaziano]

From everything I have heard, a good bit more refined than the prior gen (aside from the sheetmetal, imo) and like the interior/dash layout design a good bit better.

Currently, it's Alex on Auto's fave pick in the segment (the Sorento is also his fave within its segment) w/ the other top contender being the Sonata hybrid (so the new Optima hybrid should trump the Sonata hybrid).

Yes, it's gone from noisy inside (maybe the noisiest in the segment) to one of the quietest... I agree on the exterior!

 

[Seattle Genesis]

Hyundai G90....

https://www.bing.com/images/search?...595e8ecf5f966d161f246do0&mode=overlay&first=1



http://park.shifting-gears.com/wp-c...0-front-three-quarter-spotted-undisguised.jpg

 

[YEH]

Hit the 10k pre-sales mark for the EQ900 - which is more than the annual sales rate for the Equus.

 

[Mark_888]

Not surprisingly, you continue to argue for argument's sake.

Yes, there can be various reasons for pent-up demand - but by it's very definition, implies that there was existing demand which wasn't met for various reasons.

One such reason being an extra long life-cyle before the replacement such as btwn the 1G and 2G Equus (so if there was a time for pent-up demand, it would have been at the launch of the 2G Equus).

Another reason could be buyers holding off major purchases until the passing of economic uncertainty - such as the current boom in US auto sales, as buyers return after holding off from substantial purchases during the immediate years following the financial meltdown.

But in both cases - there is an implied (normal) demand that wasn't fulfilled due to extenuating circumstances.

That does not seem to be the case for the dramatic rise in pre-orders for the EQ900, as it wasn't the case for the equally dramatic rise in Optima sales.

In order for there to have been pent up demand - there had to have been 3.7x prospective buyers for the Equus who didn't end up purchasing one due to extenuating circumstances.

It's a pretty safe bet to say that there were not 110k+ prospective 2G Optima buyers yearly (so really an additional 550k or 660k during a typical 5-6 yr life-cycle) who held off on purchasing an Optima due to extenuating circumstances.

There was no such pent up demand for the Optima.

The 3G Optima saw explosive growth b/c it was much more appealing and had tons of conquest buyers; if it had been another ho-hum Optima, would never have seen that explosive growth in sales.

(And when pent-up demand for the 3G Optima actually did occur, it was when there was insufficient supply prior to US production of the Optima).

Wow, an entire treatise on "pent-up demand." This is surely one of the great achievements in the history of Western literature.

 

[YEH]

^ Well, the things that people have to do in order to prove you wrong due to your incessant denials based (again) on nothing but your opinion.

Btw, the EQ900 has not only gotten a higher % of private buyers, but younger private buyers who are also owners of German luxury sedans.

 

[Mark_888]

^ Well, the things that people have to do in order to prove you wrong due to your incessant denials based (again) on nothing but your opinion..

You haven't proven anything. I stand by my statement that increased interest in the EQ900 is due to pent-up demand. But I find it amazing that someone would even bother to dispute such an innocuous comment.

BTW, I didn't actually read your treatise on "pent-up demand" but I am sure it is very impressive.

 

[YEH]

And your statement has erroneous reasoning behind it (which you are just too stubborn to admit as usual).

There has been no extended time-period btwn generations (and if anything, the 2G Equus should really have seen pent-up demand as the 1G Centennial/Equus for about 11 yrs) or any of the other typical reasons for pent-up demand.

Hyundai execs were surprised by the # of pre-orders and have stated that they have seen new buyers enter the fold (owners of foreign luxury sedans and younger buyers) for the G90.

That has everything to do w/ increased desirability and not pent-up demand, like for the outgoing Optima or the new Tucson.

If Hyundai had missed on the G90 (making it more like the RLX replacing the RL), we wouldn't have seen such a large increase in pre-orders.

When increased demand is predicated on the attributes/desirability of the new model - that is NOT pent-up demand.

As usual, you pull things out of your arse and argue ad nauseum even when you clearly are in the wrong.