2021 Stinger listed with 2.0T and 3.3T

[STINGER]

dual port and direct injection is the top priority to me after seeing the carbon buildup at only 60k. 3.5l will just be a plus.

 

[VEDI]

Infiniti Australia's sales were so poor they've withdrawn from the market completely. Hopefully the same won't happen to Genesis.

Honestly Genesis Australia deserve to fail. I can overlook the constant delays of launch so they could build one multi-million dollar show room instead of utilising the existing Hyundai network.

To then charge a 25% premium price over the Stinger is madness. They are now toe to toe with the premium badges.

 

[KAS]

To then charge a 25% premium price over the Stinger is madness. They are now toe to toe with the premium badges.

I agree - from what I've seen of the USA and Canadian markets, the Genesis G70 is close in price to the Stinger, yet in Australia the Ultimate Sport is priced 25% above the Stinger GT (even after deducting the included servicing of the Genesis).

With pricing like that it's no wonder they're hardly selling any.

 

[Waynerm002]

Genesis is Hyundai's premium brand. They want to compete with premium vehicles so they are going to charge more. While in the US the Stinger and G70 are priced similarly, the Genesis G70 has better sound isolation, nicer interior material and aluminum parts for the suspension system, which warrants the price. KIA shouldn't have priced the Stinger like they did however, they had to give it a shot. Now, while you can get crazy lease deals and rebates on the Stinger, you won't get that on the G70. I've seen videos out of South Korea where they get under the cars and dig into the components and you can see where KIA's Stinger doesn't stack up to the G70.

For 2021, all Genesis vehicles will be all new or have a face lift. For this, the price is going up as they have proved they are a bargain, compared to the other luxury brand they compete with. In addition, they are now adding aluminum for some of their parts, to keep the weight lower, maximize economy and performance with the 3.5T, without massively upping the power. They seem to not be targeting full on AMG, M and RS cars from the Germans, at this time but competing with M Sport and S cars from Audi. Those will probably come in the future. Imagine if KIA had priced the GT2 at $45K loaded and dealers weren't being idiots and trying to gouge people on prices, there would be more sold at this juncture. While the Telluride is selling like hot cakes, that is due to that vehicle being a proper 7 seater with actual usable space behind the 3rd row, that isn't excessively large and it helps that it looks like a luxury vehicle. The US got screwed on the initial price which caused KIA to have to drop loads of cash to move them. Let's hope they get smart and reprice the car to sell more without the need to give big rebates to move them.

 

[Mike_TX]

Wayne is right about pricing, but it's a well-known and well-used marketing strategy. Cadillac did it a few years ago ... they increased prices across the board by thousands of dollars to "increase the perception of luxury". If you pay more for something, it must be better, right?

Lexus did the same thing awhile back. I had 4 LS sedans through the years, then one year it just zoomed out of my price range. Like $10k more than my 18-month old one listed for.

Kia was trying to use the Stinger to elevate itself into the bigger leagues. They apparently planned all along to be able to sell the GT2 for low to mid 40's if the higher prices didn't hold. And they didn't. So, when the Telluride was released, they retreated to the other strategy, which is to undercut the market and sell on value. And it's working.

 

[YEH]

A 10 horsepower gain isn't going to make anyone trade their 3.3 liter Stinger for a 3.5 liter Stinger. It needs more like a 50 horsepower gain. The current 3.3 liter engine has a relatively low compression ratio(10:1) and can easily tolerate more boost as the aftermarket tuners have shown. Kia could easily keep the 3.3 liter displacement and up the boost without adding any additional parts or technologies in the engine at all. The warranty might be a concern but they could probably charge slightly more to compensate for that.

I’m just waiting for the official announcement so I can see how many people start backtracking from their original proclamation of the 3.5TT being a sure thing, or using it as justification if sales don’t skyrocket and we’re back having the same discussion in 2 years about whether the Stinger was a sales flop despite it being a very good car.

In all likelihood, the Stinger will eventually get the upgrade to the 3.5TT, but the higher output version (420 hp) that is going into the Sport variant of the G80, GV70, etc.

But the G80 Sport has been delayed as Genesis is trying to get the eG80 out ASAP., and the Stinger (as well as the G70) won't be getting the higher output engine until after the G80 does.

Honestly Genesis Australia deserve to fail. I can overlook the constant delays of launch so they could build one multi-million dollar show room instead of utilising the existing Hyundai network.

To then charge a 25% premium price over the Stinger is madness. They are now toe to toe with the premium badges.

I agree - from what I've seen of the USA and Canadian markets, the Genesis G70 is close in price to the Stinger, yet in Australia the Ultimate Sport is priced 25% above the Stinger GT (even after deducting the included servicing of the Genesis).

With pricing like that it's no wonder they're hardly selling any.

Unfortunately, that's the price of Genesis funding the build out of the showrooms (which hasn't been quick enough) and the cost of converting to RHD (aside from maybe Singapore, Australia is the only RHD market until Genesis launches in the UK).

Genesis still undercuts the Germans, albeit not as much as many would have liked, but that price gap has increased as the Germans (such as BMW) have implemented fairly significant price increases for the new MY.

 

[VEDI]

I certainly agree on some points.

Comparing the AU and US pricing is problematic for a few reasons. That being said I think we all agree the Stinger is sharply priced and made a lot of new Kia converts overnight even with the halo car effect.

For Genesis' goals, there isn't an issue with some price premium. However, a 25%-30% price premium on the G70 with the same RHD platform as the Stinger is much harder to justify.

Genesis Australia also implemented no negotiation on price (which may have changed since launch). So you could take the top spec Stinger out the door for around AU$61k, as opposed to AU$88k for the equivalent G70. I acknowledge there are some minor tweaks to handling and trim, plus included servicing.

Ultimately, the $27k disparity in pricing is why Genesis Australia have earned my criticism.

 

[Slow jams]

just saw...looks like the 2021 stinger is only getting a facelift 3.3TT is pretty much getting a tune from KIA..to up the HP...also read KIA really pulls back on a good tune...I guess that’s why the 3.3 are pretty good on a piggyback tune

2:04 Mark....

 

[YEH]

I certainly agree on some points.

Comparing the AU and US pricing is problematic for a few reasons. That being said I think we all agree the Stinger is sharply priced and made a lot of new Kia converts overnight even with the halo car effect.

For Genesis' goals, there isn't an issue with some price premium. However, a 25%-30% price premium on the G70 with the same RHD platform as the Stinger is much harder to justify.

Maybe Kia Australia underpriced the Stinger?

As long as the price of the G70 is about on par with the ATP of the Lexus IS, it's appropriately priced.

Genesis Australia also implemented no negotiation on price (which may have changed since launch). So you could take the top spec Stinger out the door for around AU$61k, as opposed to AU$88k for the equivalent G70. I acknowledge there are some minor tweaks to handling and trim, plus included servicing.

Ultimately, the $27k disparity in pricing is why Genesis Australia have earned my criticism.

Really no other option but fixed pricing for Genesis Australia as purchasing directly from manufacturer (like Tesla); Genesis isn't going to negotiate with every buyer, esp. as the transaction needs to be easily done online.

While that spread is high (even taking into account all the service benefits and amenities that are included), in all likelihood, Genesis will offer lower prices at certain times (like end of the MY specials).

Mercedes in Australia will be going to a fixed price model, as has Honda.