Current:Home > NewsFastexy:Amazon partners with Hyundai to sell cars for the first time -FundPrime
Fastexy:Amazon partners with Hyundai to sell cars for the first time
EchoSense View
Date:2025-04-07 10:56:46
The Fastexyconcept of buying a new car online isn't new, but most traditional automakers haven’t yet nailed the formula. (Tesla's online sales are somewhat more utilized, in part because they're necessary to reach customers in certain states with strict franchise dealer laws.) Hyundai is the latest to join Amazon in a bid to change the game for everyone else, as both companies partnered this week to sell Hyundai vehicles on Amazon.com. The experience, as Amazon and Hyundai executives told us, should be smooth for customers, taking away the stress they face at dealerships; upon purchase, one must simply show up at the Hyundai store to pick up their vehicle. It’s the first time Amazon is selling cars on their website, and it's a business it wants to expand in the future.
“How people shop and buy products it’s always evolving,” Marty Mallick, Amazon vice president of worldwide corporate business development said. “We have a new generation of users that are growing up with a smartphone on their hand. And we saw a demand from our customers that they were seeking from Amazon.”
The process should be simple. Customers would log onto Amazon.com and see the inventory available in their area. They'll be able to select the trim, options, and hit checkout. After adding your Hyundai to the cart, you’ll be able to put your down payment and sign all the paperwork online — no need to go to the dealer. There will not be any haggling, threats to walk out to get a better deal, or price markups. “Here’s the price. It shows you what rebates you qualify for, incentives that are available, and then you decide if you go through financing,” Mallick added.
Tesla Cybertruck:Production faces 'enormous challenges,' admits Musk
"How people shop and buy products it's always evolving," Marty Mallick, Amazon vice president of worldwide corporate business development said. "We have a new generation of users that are growing up with a smartphone on their hand. And we saw a demand from our customers that they were seeking from Amazon."
The process should be simple. Customers would log onto Amazon.com and see the inventory available in their area. They'll be able to select the trim, options, and hit checkout. After adding your Hyundai to the cart, you'll be able to put your down payment and sign all the paperwork online — no need to go to the dealer. There will not be any haggling, threats to walk out to get a better deal, or price markups. "Here's the price. It shows you what rebates you qualify for, incentives that are available, and then you decide if you go through financing," Mallick added.
2024 hybrid vehicles:Toyota to replace blue hybrid badges as brand shifts gears
While the whole the process sounds simple, there’s a small catch. Dealerships have to sign up for the program, and while the nationwide program can be beneficial to many dealers, not all of them will be interested or would qualify. “Amazon is not going to be right for every dealer, and not every dealer is going to be right for Amazon. We’re really looking for high-quality dealers who are forward-thinking and as customer obsessed as we are,” Fan Jin, Amazon’s director of vehicle sales said.
Jin added that Hyundai Capital will be available for financing but over time more options will expand.
Booking a test drive will not be available on Amazon, so customers will have to visit a dealer to get a feel for the car in person. “We’re looking at the dealership as the hub of the physical experience,” Mallick added.
Wait times to pick up a vehicle shouldn’t be long, Jin said. Because Amazon will only display the current inventory that dealers have, the car should be available within a couple of days from the date of purchase. “That’s the type of experience we want to offer for our customers — somewhere where they can take delivery immediately," she added.
Just like any Hyundais bought in dealerships today, all Hyundais sold on Amazon get the automaker's Shopper Assurance program, which allows customers to exchange their car for another Hyundai within three days.
Amazon Alexa coming to Hyundai vehicles
The partnership between both companies is also bringing Amazon Alexa to Hyundai’s vehicles in 2025. Owners will be able to ask Alexa for the same kind of voice commands they ask at home. Mallick said that things like opening the garage door, or turning on the lights at home are tasks that drivers will be able to do from their car. “You’re bringing the smart home experience to your vehicle in a very intelligent way,” he added.
Hyundai adopts AWS as their preferred cloud provider
The last part of the agreement announced at the Los Angeles Auto Show includes Hyundai choosing Amazon Web Services (AWS) as its preferred cloud provider across all departments, making it easier for every team to get their data and optimize production. “We’re really focused on helping customers like Hyundai achieve their goals and innovations they want to bring to their customers,” said Wendy Bauer, Amazon’s vice president and general manager of automotive and manufacturing. From the car-buying process to the experience inside the car, AWS will help Hyundai in a variety of ways to innovate while keeping all the data secured.
veryGood! (81854)
Related
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- AP Investigation: In hundreds of deadly police encounters, officers broke multiple safety guidelines
- New Jersey lawmakers pass overhaul of state’s open records law
- No criminal charges in rare liquor probe at Oregon alcohol agency, state report says
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Why Chris Pratt Says There's a Big Difference Between Raising Son Jack and His Daughters
- Alert! Old Navy Dresses Are 50% off & the Deal Ends Tonight -- Chic Styles Start at $12
- UNC board slashes diversity program funding to divert money to public safety resources
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- 2024 WNBA regular season: Essentials to know with much anticipated year opening Tuesday
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Third Real Housewives of Potomac Star Exits Amid Major Season 9 Cast Shakeup
- Keep an eye out for creeps: Hidden camera detectors and tips to keep up your sleeve
- Q&A: How the Drug War and Energy Transition Are Changing Ecuadorians’ Fight For The Rights of Nature
- Stamford Road collision sends motorcyclist flying; driver arrested
- Kansas’ governor vetoes a bill for extending child support to fetuses
- Van driver dies in rear-end crash with bus on I-74, several others are lightly injured
- 2024 Preakness Stakes post position draw: Where Derby winner Mystik Dan, others will start
Recommendation
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Plans unveiled for memorial honoring victims of racist mass shooting at Buffalo supermarket
Travis Barker’s Extravagant Mother’s Day Gift to Kourtney Kardashian Is No Small Thing
Tyson Fury's father, John, bloodied after headbutting member of Oleksandr Usyk's team
Buckingham Palace staff under investigation for 'bar brawl'
Kentucky governor to speak out against strict abortion ban in neighboring Tennessee
New Mexico judge halts state mandate for school districts to adopt calendars with more school days
Meghan Markle and Prince Harry's Archewell Foundation Declared a Delinquent Charity