Hyundai Sales Skyrocket As Demand Continues
Hyundai reported that car sales were up 12% in July, delivering another all-time retail market share record of 5.1% (J.D. Power U.S. Light Vehicle Sales Report).
Together Hyundai dealers across the USA sold over 23,327 cars at retail in the last week of July – with 10,939 of them coming on Friday, July 31. Incredible.
With the Senate approved $2 billion in additional Cash for Clunkers funding now in hand, Hyundai dealers may continue their momentum through August. Unlike some of the dealers we have surveyed, Hyundai seems to have an ample stock of cars for the American public
Stacey Blackwell, President of Bill Dodge Hyundai in Maine told us:
”Hyundai sales have been very strong and we are very happy that we stocked up when would did. Hyundai has a number of cars that when you add the $4,500 Cash for Clunkers rebate for qualifying trades, the cars are priced under $12,000 and some as low as $7,000. This is a perfect price point in our local economy.”
Hyundai Prices with CARS Rebates
To verify those discounted prices we contacted a long time supporter of the Cash for Clunkers Facts blog and here are some examples of why Hyundai dealers are stealing the Cash for Clunkers Show.
Dave Wilson, CEO of Preston Hyundai in Preston Maryland said that he is stocked in the best selling Hyundai models because when he heard that the Cash for Clunkers bill might pass, he took a risk and ordered more than usual.
Here are some examples Dave Wilson sent us of why his Maryland Hyundai car sales are on fire. The prices shown include Hyundai rebates and dealer discounts:
- Accent- over 35 starting @ $11,495-$4,500 = $6,995 UP TO 41 MPG
- Elantra- over 82 starting @ $14,995-$4,500 = $10,495 UP TO 39 MPG
- Sonata- over 39 starting @ $15,995-$4,500 = $11,495 UP TO 38 MPG
- Santa Fe- over 25 starting @ $20,995-$4,500 = $16,495 UP TO 29 MPG
Dave Wilson also added that all approved trade-ins with the correct paperwork will allow the Preston sales team to send consumers home with their new car the same day.
With only a few weeks left for the Cash for Clunkers program, Maryland area residents would be wise to get out shopping before supply or money evaporates. Preston Motors has already completed over 190 Cash for Clunkers sales.
With the Cash for Clunkers rebates, qualified consumers can get a brand new Hyundai Accent for $7,000 which is very compelling.
American Alternatives
On the American front, The Ford Focus with a Cash For Clunkers $4,500 rebate and Ford factory incentives can bring the Ford Focus customer price to under $10,000 or 41% off MSRP.
With these types of numbers, you can see why Ford and Hyundai have had a great July sales month and if trends continue and inventory does not run out, it will be a great month for Ford and Hyundai.
Dealer Contacts
- Preston Hyundai – www.prestonhyundaiusa.com
- Bill Dodge Hyundai – www.hyundaime.com
Tags: ford cash for clunkers sales, hyundai cash for clunkers sales, hyundai sales
11 Responses to “Hyundai Sales Skyrocket As Demand Continues”
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I have a 1996 Hyundai Accent GT (3-dr sport) with V6 painted on the sides but everyone says it has a v4 Engine and doesn’t qualify for the cash for clunkers program, is that correct? Please get back to me ASAP!
@Steven
Congratulations…43% off list is a great deal on a great car. Best wishes and thank you for being involved with this site. Pass the word about this forum…
Brian
Hyundai Dealers were ready to do business early on. I bought our Elantra Touring on July 11. We drove our clunker to the dealer and 2 hours later we drove off in our new car. We have not had any issues.
List: $19,450
Dealer Discount: $2,384
Hyundai factory rebate: $1,500
C4C rebate: $4,500
Net cost: $11,094 plus Tax and Tag, 43% off list
we put the balance on our visa card.
Needless to say, we are happy campers and really like our new car. My niece bought a Kia (a Hyundai owned subsidiary) with similar discounts and easy process.
I just hope most of the Hyundai dealers sell on the low end, not at or above MSRP, otherwise, not all of us can get an Accent for $7k.
2009 Pontiac Vibe 2.4L/Auto.. MSRP was around $20,500, on summer clearance at around $19,500, minus $4000 rebates, minus $3500 CARS for my ’93 Cherokee (I paid $4000 for it 5 years ago) minus $1300 I had in GMCard rebates… $11,300 out the door… I’m very happy with the deal. I wouldn’t have bought a new car without the Obama bucks as I just can’t see dropping $20 on a car.
As for the voucher, I know mine hasn’t been approved yet (as of the 10th), although I have the car, the paperwork, the payment book, etc. Mine was the first CARS vehicle sold at my dealership (bought on the 24th), and none of us knew what a cluster it was going to be.
With the CARS $4500 and Pontiac incentives during July, I bought a 2009 Pontiac G5 XFE (MSRP $17,500) for $7900 (+ tax). That’s 55% under MSRP!
And this car isn’t stripped. It has AC, power windows/locks, keyless entry, cruise control, OnStar, XM radio, fog lights, spoiler, etc. Throw in GM’s 5 year/100K mile warranty, and an EPA rating of 37mpg highway…and this car was impossible to beat. With an extra-light foot, I’m currently averaging nearly 39mpg combined!
This thing is saving me $100/month in gas, which covers most of the monthly payment on my 4 year loan. It’s ALMOST paying for itself…
is there anyone in Los Angeles area or with 100mi area able to get a Elantra GLS for below MSRP-rebate price? Every dealers in LA want to sell their Elantra GLS at MSRP-rebate, no more discount. It will make this program not attractive ‘cos I can purchase a elantra for $13500 before TTL before the CARS start, and they want $15500 before TTL now, and I will able to sell my clunker for $1000-1500 in used car market.
If your paperwork looked good, some dealers would release the new car immediately. I was driving off in a new car and they hadn’t even submitted any paperwork through the CARS website yet (this was before anyone realized what a goat-rope the process was).
My credit union has the title to my car and I STILL don’t know for sure if the dealer ever got an approval for my clunker. I can only assume they did at this point.
It must be approved. I received the loan payment book; the ON-STAR card and the car the day I signed the papers.
Darryl: There is currently no place for the consumer to check on your status. You’ll have to go through your dealer.
How or where can you check the status of your application?