2021 Genesis G70

[Toeknee_33]

  On 9/11/2020 at 5:53 AM, iamahbee said:

I saw the pre-facelift G70 in Korea. It is very much in the compact luxury segment against the A4s, 3er, C-Class. Or closer to Asia, the Lexus IS300 and Infiniti Q50. Yes, it is definitely in a higher luxury level compared to the Stinger. The G70 2.0 starts from 58k in Australia while the Stinger 2.0 highest trim costs 43.8k tops. 

Just for comparison sake, let's leave out the Big 3 Germans and pit the G70 against the IS300 and Q50.

Genesis G70 (pre-facelift):

Dimensions (mm): 4685(L) x 1850(W) x 1400(H), wheelbase 2835

Powerplant: 2.0T inline 4, 252hp @ 6200rpm, 353Nm @ 1400-4000rpm 

Transmission: 8-speed automatic

Lexus IS300:

Dimensions: 4680 x 1810 x 1430, wheelbase 2800

Powerplant: 2.0T inline 4, 241hp @ 4800-5600rpm, 350Nm @ 1650-4800rpm

Transmission: 8-speed automatic

Infiniti Q50:

Dimensions: 4810 x 1820 x 1455, wheelbase 2850

Powerplant: 2.0T inline 4, 208hp @ 5500rpm, 350Nm @ 1250-3500rpm

Transmission: 7-speed automatic

In terms of size and specs, the G70 is on par with the two with only small differences separating them. 

The Lexus was listed at $179800 (OMV $39k), while the 2 variants of the Infiniti cost $171800 (OMV $30.5k) & $184800 (OMV $34k). Both come with a VES Surcharge of $10k respectively. Assuming with the same $10k surcharge on the G70 (as with the Stinger 2.0 GT Line which sits on the same platform and shares the same drivetrain), I reckon the G70 needs to be priced between $175k to $178k to compete, all things being equal.

This, from a layman's perspective of course... 

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Your analysis is correct, but the Genesis's big Achilles' heel is the brand name. 

Also there may be big OT amounts behind those list prices...

 

[Beregond]

  On 9/11/2020 at 5:53 AM, iamahbee said:

I saw the pre-facelift G70 in Korea. It is very much in the compact luxury segment against the A4s, 3er, C-Class. Or closer to Asia, the Lexus IS300 and Infiniti Q50. Yes, it is definitely in a higher luxury level compared to the Stinger. The G70 2.0 starts from 58k in Australia while the Stinger 2.0 highest trim costs 43.8k tops. 

, I reckon the G70 needs to be priced between $175k to $178k to compete, all things being equal.

This, from a layman's perspective of course... 

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ya 170+- would be attractive to me 2.0t rwd.

this will turn more head then c.class. 3 series , a4, too many on the road already😁

[iamahbee]

  On 9/11/2020 at 6:04 AM, Toeknee_33 said:

Your analysis is correct, but the Genesis's big Achilles' heel is the brand name. 

Also there may be big OT amounts behind those list prices...

 

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Absolutely right, which is why I had to insert a caveat of all things being equal 😀

As for the branding, my take is that it will not work if it shares the same showroom space with the b&b Hyundais. There is already empirical evidence to support that. The showroom and service reception need to be separated, just like Borneo does between Toyota and Lexus. 

Infiniti, while not entirely a runaway success in Singapore, still managed to distinguish itself from Nissan. Obviously, being with a totally different AD who has a rather good track record of luxury brands helped its cause. 

[Beregond]

  On 9/11/2020 at 6:14 AM, iamahbee said:

Absolutely right, which is why I had to insert a caveat of all things being equal 😀

As for the branding, my take is that it will not work if it shares the same showroom space with the b&b Hyundais. There is already empirical evidence to support that. The showroom and service reception need to be separated, just like Borneo does between Toyota and Lexus. 

Infiniti, while not entirely a runaway success in Singapore, still managed to distinguish itself from Nissan. Obviously, being with a totally different AD who has a rather good track record of luxury brands helped its cause. 

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eh, actually is there acura AD in sg?? 

it seem honda did a good job seperating acura from it??

not many ppl know acura is honda i think

[Carbon82]

  On 9/11/2020 at 5:15 AM, Toeknee_33 said:

Its based on a shortened Stinger platform, and the space is about that of a Giulia, ie, smaller than 3er, C-Class, A4.

Me think about $140-150K would be the right price level for the 2L Turbo. Bit more exp than the Stinger but $20k lesser than the base Contis with inferior specs.

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As a new comer, it would be too ambitious to pit the G70 against 3er, C-Class or A4. Its target should be the low(er) hanging fruits in the segment such as Jaguar XE, Volvo S60, Lexus IS, Alfa Romeo Giulia and maybe even the slightly larger Infiniti Q50. Not that these are poor performers, but they are often perceived as entry level luxurious model (a class above the like of Honda Accord, Mazda 6, Toyota Camry, VW Passat, etc.), yet not the volume seller.

The last Genesis brought in by Komoco was the much larger G80, and it failed miserably because of 2 things:

• 3.8L engine which attracted a road tax >3x that of an entry 5er, E-Class (or 4x of the A6 1.8)
• $200K+ price tag, which push potential buyers towards A6, 520, E200 & ES250 (all in the same price bracket)

This G70 seems to be a more viable model in our high vehicle taxes environment. Let see if Komoco is game to introduce it here next year. Given the better acceptance of Korean car here in the recent year, it might have some chance of success, provided that it is priced right.

[iamahbee]

  On 9/11/2020 at 6:21 AM, Beregond said:

eh, actually is there acura AD in sg?? 

it seem honda did a good job seperating acura from it??

not many ppl know acura is honda i think

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Don't think Acura was ever sold here officially. Honda owners who change the badge themselves not counted 😝

You might be right about not many people knowing about Acura, since it was only limited to the North American market (I think). But their range of cars are actually little different to mainstream Honda models. 

It was in the very early 90s where Japanese manufacturers started to spin off into luxury brands. If I'm not wrong, Honda was first to do it with the Acura brand followed by Toyota with Lexus, Nissan with Infiniti and to a lesser extent, Mazda with Eunos (no, not our neighbourhood in the east). 

Edited September 11, 2020 by iamahbee

[fungyee77]

  On 9/11/2020 at 6:25 AM, Carbon82 said:

As a new comer, it would be too ambitious to pit the G70 against 3er, C-Class or A4. Its target should be the low(er) hanging fruits in the segment such as Jaguar XE, Volvo S60, Lexus IS, Alfa Romeo Giulia and maybe even the slightly larger Infiniti Q50. Not that these are poor performers, but they are often perceived as entry level luxurious model (a class above the like of Honda Accord, Mazda 6, Toyota Camry, VW Passat, etc.), yet not the volume seller.

The last Genesis brought in by Komoco was the much larger G80, and it failed miserably because of 2 things:

• 3.8L engine which attracted a road tax >3x that of an entry 5er, E-Class (or 4x of the A6 1.8)
• $200K+ price tag, which push potential buyers towards A6, 520, E200 & ES250 (all in the same price bracket)

This G70 seems to be a more viable model in our high vehicle taxes environment. Let see if Komoco is game to introduce it here next year. Given the better acceptance of Korean car here in the recent year, it might have some chance of success, provided that it is priced right.

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As always, you make good points. 

There is a structural issue in the value proposition though, in that Genesis G70 is going head to head (from a price point perspective) with the 2.0L version of the 3 Germans, offering much better features and a more powerful engine. 

Am not sure that approach works in Singapore, because many of the entry luxury buyers in Singapore go for the base spec within a category ie badge & category optimisation.  That's why ADs are bringing in the C160, the E180, BMW 318 (316 before), and the A4 1.4 (until it was killed by the VES). 

Prima facie, while $170k sounds about right and quite attractive given the feature/engine set, I also see that the same equation did not work for the Volvo S60 T5, and Wearnes had to bring in the S60 T4 to boost demand. 

[teomingern]

  On 9/11/2020 at 4:58 AM, Beregond said:

The luxury level is higher then stinger?? i think a similar conti of the same luxury level going for 260 easily??

still very hard to judge unless see the real car😁

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Ha ha... I never sat in a luxury car before... what do I know... really can't tell honestly...

[teomingern]

  On 9/11/2020 at 6:42 AM, iamahbee said:

Don't think Acura was ever sold here officially. Honda owners who change the badge themselves not counted 😝

You might be right about not many people knowing about Acura, since it was only limited to the North American market (I think). But their range of cars are actually little different to mainstream Honda models. 

It was in the very early 90s where Japanese manufacturers started to spin off into luxury brands. If I'm not wrong, Honda was first to do it with the Acura brand followed by Toyota with Lexus, Nissan with Infiniti and to a lesser extent, Mazda with Eunos (no, not our neighbourhood in the east). 

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Honestly never heard of Eunos... probably North America was the target audience?

[teomingern]

  On 9/11/2020 at 9:16 AM, fungyee77 said:

As always, you make good points. 

There is a structural issue in the value proposition though, in that Genesis G70 is going head to head (from a price point perspective) with the 2.0L version of the 3 Germans, offering much better features and a more powerful engine. 

Am not sure that approach works in Singapore, because many of the entry luxury buyers in Singapore go for the base spec within a category ie badge & category optimisation.  That's why ADs are bringing in the C160, the E180, BMW 318 (316 before), and the A4 1.4 (until it was killed by the VES). 

Prima facie, while $170k sounds about right and quite attractive given the feature/engine set, I also see that the same equation did not work for the Volvo S60 T5, and Wearnes had to bring in the S60 T4 to boost demand. 

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Agree... unless true to form like Hyundai... base price with much more gear... but again some will say, you want to enter luxury market, never discount or price low to spoil the image...

[fungyee77]

  On 9/11/2020 at 10:32 AM, teomingern said:

Agree... unless true to form like Hyundai... base price with much more gear... but again some will say, you want to enter luxury market, never discount or price low to spoil the image...

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Think G70 will have a much better chance of success if they have a 1.3L engine 160hp version like the GLB engine, priced at $130k ! 

Or rather priced at $160k, with $30k overtrade. 

Mass market luxury car retailing 101, Singapore style... 🤣

Edited September 11, 2020 by fungyee77

[Thaiyotakamli]

So who will bring in? Don’t think komoco can. Last time hyundai genesis not genesis itself. So its weird if komoco bring in a diff brand which is genesis

[teomingern]

  On 9/11/2020 at 11:09 AM, fungyee77 said:

Think G70 will have a much better chance of success if they have a 1.3L engine 160hp version like the GLB engine, priced at $130k ! 

Or rather priced at $160k, with $30k overtrade. 

Mass market luxury car retailing 101, Singapore style... 🤣

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1.4 L with 130 bhp?

[iamahbee]

Looks like there's a new 2.5 turbo engine that's road tax unfriendly, making the chances of it reaching our shores even more remote.

https://www.caranddriver.com/genesis/g70

Engine, Transmission, and Performance

The base G70 2.5T features a turbocharged 2.5-liter four-cylinder that sends 290 horsepower through an eight-speed automatic transmission to the rear wheels; all-wheel drive is optional. The G70's upgrade engine—a twin-turbocharged 3.3-liter V-6—is rumored to be getting replaced by a larger 3.5-liter mill.

[Davidklt]

  On 9/11/2020 at 6:21 AM, Beregond said:

eh, actually is there acura AD in sg?? 

it seem honda did a good job seperating acura from it??

not many ppl know acura is honda i think

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Not possible. Cos they are only available in left hand drive.

[Sdf4786k]

  On 9/9/2020 at 1:28 PM, iamahbee said:

Not sure if the "Superman" front grille is to the taste of many. It could well be a design that takes time to accept. 

The pre-facelift's grille is more conventional, but there will be those who claim it is too nondescript and too Hyundai-like.

Still an interesting overall package and clearly improvements have been made to the interior. Getting there...

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I much prefer the Hyundai version of the split head lamps then the old merc, GS300 or the Octavia Split headlights.

[Sdf4786k]

  On 9/11/2020 at 9:16 AM, fungyee77 said:

As always, you make good points. 

There is a structural issue in the value proposition though, in that Genesis G70 is going head to head (from a price point perspective) with the 2.0L version of the 3 Germans, offering much better features and a more powerful engine. 

Am not sure that approach works in Singapore, because many of the entry luxury buyers in Singapore go for the base spec within a category ie badge & category optimisation.  That's why ADs are bringing in the C160, the E180, BMW 318 (316 before), and the A4 1.4 (until it was killed by the VES). 

Prima facie, while $170k sounds about right and quite attractive given the feature/engine set, I also see that the same equation did not work for the Volvo S60 T5, and Wearnes had to bring in the S60 T4 to boost demand. 

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Lets observe if the new VW passat which is a 2.0T 180BHP platform engine instead of the 213BHP will lift or help the sales 

My opinion, but thats just me, will most likely have the passat becoming whiter than white elephant 

[teomingern]

  On 9/16/2020 at 5:30 AM, Sdf4786k said:

Lets observe if the new VW passat which is a 2.0T 180BHP platform engine instead of the 213BHP will lift or help the sales 

My opinion, but thats just me, will most likely have the passat becoming whiter than white elephant 

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Does that 180 vs 213 bhp make a difference? I suppose most buyers won't even know that there is a more powerful engine? I am thinking that the choice of the less powerful engine is to meet emission standards here... apparently ours is one of the strictest in the world now...