AUTOMOTIVE
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Hyundai, continued ...
With manufacturer incentives and a full CARS rebate for a qualifying
"clunker," consumers can purchase a new Elantra for as little as
$8,620. Sonata (29 percent) and Accent (16 percent) ranked second and
third, respectively, in CARS transactions in the opening week.
"The
early response we're seeing demonstrates the CARS program is working,
with inefficient gas guzzlers being traded-in for fuel-efficient
Hyundai models," says John Krafcik, president and CEO, Hyundai Motor
America. "We expect overall sales from this program to grow as consumer
awareness increases – it should surpass 10 percent of our retail sales
this month."
Hyundai is the first automaker to extend the
government incentive to consumers, accelerating its implementation by
several weeks by backing dealerships with short-term cash advances as
the government organizes the rollout of the program industrywide.
Under
the CARS program, consumers qualify for a $4,500 rebate on the purchase
or lease of new vehicles that achieve 10 miles per gallon more than a
trade-in car or five miles per gallon or more than a trade-in light
truck. New vehicles that achieve between 4 to 9 mpg more than a
trade-in car, or 2 to 4 mpg more than a trade-in light truck qualify
for a $3,500 incentive. See cars.gov for complete details.
Thirteen
Hyundai models and engine combinations qualify for the CARS incentive
program, which requires passenger cars achieve 22 mpg or more combined
fuel economy, and light trucks achieve 18 mpg or better combined fuel
economy.
The CARS incentive program complements all existing
special incentives and financing options from the manufacturer,
including Hyundai Assurance, which allows consumers to return their
vehicle if they unexpectedly lose their income, and Hyundai Assurance
Gas Lock, which offers a year's worth of gas at a guaranteed price of
$1.49 per gallon.
<< PREVIOUS PAGE
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Hyundai, continued ...
With manufacturer incentives and a full CARS rebate for a qualifying
"clunker," consumers can purchase a new Elantra for as little as
$8,620. Sonata (29 percent) and Accent (16 percent) ranked second and
third, respectively, in CARS transactions in the opening week."The early response we're seeing demonstrates the CARS program is working, with inefficient gas guzzlers being traded-in for fuel-efficient Hyundai models," says John Krafcik, president and CEO, Hyundai Motor America. "We expect overall sales from this program to grow as consumer awareness increases – it should surpass 10 percent of our retail sales this month."
Hyundai is the first automaker to extend the government incentive to consumers, accelerating its implementation by several weeks by backing dealerships with short-term cash advances as the government organizes the rollout of the program industrywide.
Under the CARS program, consumers qualify for a $4,500 rebate on the purchase or lease of new vehicles that achieve 10 miles per gallon more than a trade-in car or five miles per gallon or more than a trade-in light truck. New vehicles that achieve between 4 to 9 mpg more than a trade-in car, or 2 to 4 mpg more than a trade-in light truck qualify for a $3,500 incentive. See cars.gov for complete details.
Thirteen Hyundai models and engine combinations qualify for the CARS incentive program, which requires passenger cars achieve 22 mpg or more combined fuel economy, and light trucks achieve 18 mpg or better combined fuel economy.
The CARS incentive program complements all existing special incentives and financing options from the manufacturer, including Hyundai Assurance, which allows consumers to return their vehicle if they unexpectedly lose their income, and Hyundai Assurance Gas Lock, which offers a year's worth of gas at a guaranteed price of $1.49 per gallon.
<< PREVIOUS PAGE
Related headlines
Irvine's Quantum inks $10 million deal with Fisker Automotive
'OC METRO Minute,' July 6: Clean tech venture investments up 12 percent from first quarter
Brea-based Suzuki fills your gas tank this summer
Fountain Valley's Hyundai trades 'Cash for Clunkers'
Orange County auto sales continue to slide
