HD Hyundai and NED announce five-year deal
HD Hyundai Construction Equipment North America and National Equipment Dealers (NED) announce a five-year distribution agreement to accelerate Hyundai’s North American market coverage and growth initiatives while expanding NED’s dealership territory coverage.
Zack Kavanaugh, NED CEO and Jesse Beasley, NED president and COO, recently visited Hyundai’s top executive management in Seoul, Korea, to discuss the new agreement, which establishes multiple Hyundai “flagship stores” to expand NED’s dealer footprint.
The new NED branches will be Hyundai-branded stores. These strategic locations in high growth-potential markets include a recently opened branch in Jacksonville, Florida and future locations in Fort Myers, Florida; and Austin and Dallas, Texas. The new branches will stock Hyundai inventory ranging from compact excavators and skid steer loaders to larger crawler excavators, wheel loaders, and off-road haul trucks. They also will be equipped with state-of-the-art service facilities and tooling to provide first-class service to Hyundai customers.
“This strategic alignment with HD Hyundai along with our shared vision for growth and focus on new markets, will help us reach new Hyundai customers while providing exceptional product, sales, and service support to a broader customer base,” says Kavanaugh.
“HD Hyundai values our strategic relationship with NED,” says Stan Park, president, HD Hyundai Construction Equipment North America. “The new NED flagship stores ensure high-profile presence for Hyundai in several fast-growing markets, with the further assurance of excellent customer support.”
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