LAST AUTO NEWS – EARLY CASH FOR CLUNKERS GAMBLE PAYING OFF FOR HYUNDAI
Last Auto Account –
Hyundai will yield your Cash for Clunkers trade-in early. The official Car Allowance Abatement System (CARS) program, which pays Americans up to $4,500 against the acquirement of a new car if they about-face in an older, less-efficient car for destruction, will not barrage until July 23. But Hyundai dealers began accepting trade-ins for abolition endure week, application loans from Hyundai itself to accommodate the rebates and planning to action the cars on the aboriginal day the government begins accepting them.
It seems to be working.
Kicking Tires letters that seven percent of the company’ sales endure anniversary came “from clunker-eligible trade-ins.” While seven percent may not complete like much, KT notes, “Almost any cast in today’s altitude would be athrill with a sales access of seven percent.” Hyundai dealers accept taken added Fords and Dodges off the alley that any added brand, with those makes accounting for 32 percent and 23 percent of the clunkers accustomed – but a scattering of Lexus, Jaguar and Mercedes-Benz owners accept traded their rides in for Hyundais as well.
Hyundai’s aboriginal Cash for Clunkers abatement is affairs a lot of affordable baby cars. Autoblog letters that 41 percent of the rebates went against the acquirement of new Elantras. “The Sonata came in additional with 29 percent of CFC sales and the Accent third with 16 percent.”
If you’re absorbed in the Cash for Clunkers program, analysis out our Cash for Clunkers page. For the latest account on the program, analysis out Cash for Clunkers news.
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