SEOUL, Korea, Sept. 25, 2017 - Hyundai Motor has maintained its position in the top 40 global brands for the third year in a row, according to the latest rankings published by global brand specialists Interbrand. Hyundai Motor retained its place as the world’s 35th most valuable brand despite challenging conditions in many global markets, with its brand value growing to US$13.2billion - a 5.1% increase on the previous year.
“Hyundai Motor aims to be a lifestyle brand rather than simply an automotive brand, so we are building on our ‘Modern Premium’ brand direction and moving into new automotive spaces that allow people to experience our brand value at every touch point,” Wonhong Cho, Chief Marketing Officer at Hyundai Motor Company said. “Our brand philosophy and blueprint for future mobility has resulted in the rise of our brand value and, in addition to quality, technology and price, our creativity and innovation will lead us to achieve sustainable brand growth in the future.”
Hyundai Motor sold 4.86 million units globally and maintains sixth position in the global automotive rankings, above Audi, Nissan, Volkswagen, and Porsche. This follows a period of exponential growth for South Korea’s leading automotive manufacturer that has seen a four-fold increase in brand value since 2005, increasing from US $3.5 billion to its current record value.
“A key element of Hyundai Motor’s sustainable growth in brand value was its ongoing commitment to the development of its vision for ‘Future Mobility’, in spite of tough market conditions,” Mike Rocha, Global Director of Brand Valuation for Interbrandsaid.“Hyundai Motor is working incredibly hard to realize its vision for Future Mobility by developing affordable autonomous driving technology and connectivity for everyone, under its brand direction ‘Modern Premium’.”
Increased product competitiveness
In addition to maintaining its reputation for the highest quality in major markets, Hyundai Motor also strengthened its global product portfolio launching the new Kona compact SUV. Marketed under the slogan ‘The new Species’, the new model received more than 10,000 pre-orders in the first month after launching in the domestic market, highlighting the potential for success in this fast-growing segment.
Hyundai Motor also launched i30N, the first model of its high-performance N lineup. The new car draws on Hyundai Motor’s involvement in motorsport, in addition to demonstrating its desire to put thrilling driver experiences at the heart of new car development.
A defined blueprint for future mobility
This has also been a significant year for outlining the future direction of Hyundai Motor. The brand set out its blueprint to move into new automotive spaces, which incorporates the launch of 15 eco-friendly vehicles by 2020, including the IONIQ Electricand upcoming fuel cell electric vehicle. The brand is also advancing its research into affordable autonomous driving and connectivity technologies, through its future-focused Project IONIQ and open-innovation collaborations with external parties.
Delivering brand experiences globally
Hyundai Motor continues to grow its brand identity through unique customer experiences around the world, including its long-term sponsorship of major art installations at the Tate Modern (London), and the Los Angeles County Museum of Art (LACMA). Hyundai Motor also opened its largest Hyundai Motorstudio in Goyang, South Korea, delivering an interactive brand experience that allows direct communicataton with customers about innovative themes and future technologies.
Hyundai Motor has also conveyed its Modern Premium brand philosophy through a series of high-profile global brand marketing campaigns. ‘A Better Super Bowl’ campaign was filmed during the NFL season finale and allowed military service members to watch the game with their beloved family using satellite technology and 360-degree immersive pods. It attracted more than 41 million views and received phenomenal reviews for its creativity and storytelling.
Also delivering the Hyundai Motor brand to global audiences was ‘Shackleton’s Return’, a campaign following the grandson of legendary polar explorer Sir Ernest Shackleton, as he explored Antarctica with a standard 2.2-litre diesel Santa Fe. Within two months of launching, the campaign exceeded 140 million views on YouTube, the highest number of views for an automotive campaign.
Hyundai Motor rankings over past decade (Interbrand)
|Year||Overall ranking||Brand value ($bn)|
2017 Automotive Top 10 (Interbrand)
|Rank||Company||Brand value ($bn)|
Interbrand Best Global Brands
The annual Interbrand Best Global Brands report identifies the 100 most valuable global brands, analyzing the ways in which the strength of a brand benefits organizations – from delivering on customer expectations to driving greater economic value. Interbrand’s methodology was the first ISO-certified brand valuation method. The ranking is based on a combination of attributes, each contributing to a brand’s cumulative value: financial performance of branded products and services, the role the brand plays in influencing customer choice, and the strength of the brand in commanding a premium price or securing earnings for the company.
About Hyundai Motor
Established in 1967, Hyundai Motor Company is committed to becoming a lifetime partner in automobiles and beyond. The company leads the Hyundai Motor Group, an innovative business structure capable of circulating resources from molten iron to finished cars. Hyundai Motor has eight manufacturing bases and seven design & technical centers worldwide and in 2016 sold 4.86 million vehicles globally. With more than 110,000 employees worldwide, Hyundai Motor continues to enhance its product line-up with localized models and strives to strengthen its leadership in clean technology, starting with the world’s first mass-produced hydrogen-powered vehicle, ix35 Fuel Cell and IONIQ, the world’s first model with three electrified powertrains in a single body type.
More information about Hyundai Motor and its products can be found at:
http://worldwide.hyundai.com or http://globalpr.hyundai.com/