Hyundai's Rollout of Government's "Car Allowance Rebate System" Comprises Seven Perce
Hyundai became the first automaker to honor the government's "Car Allowance Rebate System" (CARS) incentives on July 2 and the novel consumer incentive program, also known as "cash for clunkers," accounted for seven percent of Hyundai sales in its first week. Nearly a third (32 percent) of the trade-in models reported by dealerships were Ford vehicles, followed by Dodge (23 percent). Lexus, Jaguar, and Mercedes-Benz are among the other brands delivered as "clunker" trades, demonstrating both the broad appeal of the government program, and the changing nature of Hyundai's product line and buyer demographics. Hyundai's rollout enables buyers to receive the full rebate allocated under the CARS program (also known as "cash for clunkers") when ...
News provided for editorial and public purposes only with permission of Toyota Pressroom or autodeadline.com.
|
Linear Mode
