In July, Hyundai will stop producing the Veloster in South Korea. Hyundai Motor Company is abandoning the Veloster moniker after 11 years, according to a report by South Korean daily Hankyung.
The Veloster N is currently Hyundai's only model, with the basic model being phased out. It's now produced on one of Hyundai's Ulsan 1 plant's production lines, where the Kona is constructed. With the advent of the next-generation Kona next year, the Veloster's demise might free up more production space for the more popular brand.
Sales of the Veloster N have decreased since Hyundai debuted the Elantra N, also known as the Avante N in South Korea, according to Hankyung. according to reports, Hyundai only sold 99 Veloster N cars in Korea between January and April, compared to 1,624 Avante N models sold over the same time period.
The Veloster isn't the only vehicle to be discontinued. The end of manufacturing of the original Hyundai Ioniq was announced earlier this month, which comes as no surprise considering the automaker's concentration on the far-more-advanced Ioniq 5 and additional Ioniq-badged models presently in development, such as the Ioniq 6 sedan and the Ioniq 7 three-row SUV.
From the moment it was released, the Hyundai Veloster N has been a high-performance vehicle. It now comes with a 2.0-liter turbocharged four-cylinder engine that produces 275 horsepower and 353 Nm of torque and is coupled to either a six-speed manual or an eight-speed dual-clutch transmission.
Meanwhile, the next-generation Hyundai Kona has been sighted on public roads several times, with the most recent appearance having less camouflage than previous sightings. The split-headlight design appears to be retained in the second-generation Kona. The next Kona is scheduled to be presented in its entirety in 2023.