Among the rising stars of the automotive world, Hyundai stands out for the dramatic improvements it has made from being considered a cheap, disposable car to excelling in reliability testing and receiving various accolades from consumers.
In 2010, the Korean automaker sold 530,000 vehicles in the U.S. market, outpacing many of its competitors, which were feeling the strain of the recession, MSNBC reports. The Sonata and Elantra were among the most popular models, and the new Veloster hatchback appeals to consumers with financial difficulties or bad credit history, as it is priced affordably.
"After 2004 they’ve been able to turn it around with their products," said Raffi Festekjian, director of automotive research for J.D. Power and Associates.
The automaker has also enjoyed increasing consumer loyalty, ranking as the top car manufacturer in a recent survey by the brand loyalty consulting firm Brand Keys, the news provider reports.
Consumers in the market for a new car may want to look at various Hyundai models, and use an auto loan calculator to determine the kind of car financing they need to purchase the model that best suits their lifestyle.