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Hyundai still hot; July sales sizzle
Sales are up as dealers take in 22 percent from Cash for Clunkers program, which is expected to continue.
By Susan BelknappPublished: August 06, 2009 10:10 AM
As the Senate prepares to vote to infuse another $2 billion into the wildly successful Cash for Clunkers program, Fountain Valley-based Hyundai Motor America continues to cruise while other carmakers are caught in gridlock.
The Cash for Clunkers program has helped drive revenue for automakers across the map and should continue to help infuse cash into local economies with an increase in sales tax and automotive fees, in addition to helping improve the environment by replacing older, gas-guzzlers with new, fuel-efficient vehicles.
Hyundai’s sales figures that were announced Monday showed July sales of 45,553 units, a 21 percent increase over last month and 12 percent increase compared with July 2008. This is the seventh consecutive month of year-over-year retail share gains for Hyundai and another all-time record retail market share performance. Cash-for-Clunkers deals accounted for 22 percent of Hyundai sales.
“The combination of increasing consumer recognition of Hyundai’s industry-leading quality, and the incremental stimulus from the Cash for Clunkers program, led to our second-best July ever,” says Dave Zuchowski, vice president of national sales, Hyundai Motor America. “J.D. Power accolades for Hyundai as the highest ranked non-premium brand in quality, combined with our very fuel-efficient lineup, drove sales increases of 13, 30, and 17 percent for Accent, Elantra and Sonata, respectively, over a year ago.”
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As the Senate prepares to vote to infuse another $2 billion into the wildly successful Cash for Clunkers program, Fountain Valley-based Hyundai Motor America continues to cruise while other carmakers are caught in gridlock. The Cash for Clunkers program has helped drive revenue for automakers across the map and should continue to help infuse cash into local economies with an increase in sales tax and automotive fees, in addition to helping improve the environment by replacing older, gas-guzzlers with new, fuel-efficient vehicles. Hyundai’s sales figures that were announced Monday showed July sales of 45,553 units, a 21 percent increase over last month and 12 percent increase compared with July 2008. This is the seventh consecutive month of year-over-year retail share gains for Hyundai and another all-time record retail market share performance. Cash-for-Clunkers deals accounted for 22 percent of Hyundai sales. “The combination of increasing consumer recognition of Hyundai’s industry-leading quality, and the incremental stimulus from the Cash for Clunkers program, led to our second-best July ever,” says Dave Zuchowski, vice president of national sales, Hyundai Motor America. “J.D. Power accolades for Hyundai as the highest ranked non-premium brand in quality, combined with our very fuel-efficient lineup, drove sales increases of 13, 30, and 17 percent for Accent, Elantra and Sonata, respectively, over a year ago.” NEXT PAGE >> Related headlines AutoPacific: Americans receptive to Chinese, Indian cars Brea’s Suzuki grows up: unveils new Kizashi sedan $9,000 off a new car? Orange County Chrysler dealers say yes Orange County auto sales slide harder than U.S. OC METRO, July issue: '2010 Mercedes-Benz S 400 Hybrid' |
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