According to a release by the South Korean manufacturer, no less than 11 percent of new car buyers postponed the acquisition of a new vehicle until the CARS scrapping scheme commenced.
"We appreciate what Washington has done getting the program completed, but it's clear that the wait has left many potential car-buyers on the sidelines," said John Krafcik, president and CEO, Hyundai Motor America. "We thought it was imperative to get funding to our dealers so that they could implement the program right away and satisfy the demand they've been hearing from consumers."
Hyundai participates in the programme with no less than thirteen models, as it follows: Accent, Elantra, Elantra Touring, Entourage, Sonata 2.4-liter, Sonata 3.3-liter, 2010 Genesis Coupe 2.0-liter, Tiburon 2.0-liter, Tucson 2.0-liter, Tucson 2.7-liter, Santa Fe 2.7-liter, Santa Fe 3.3-liter and Veracruz.
The manufacturer yesterday announced its US June sales, revealing a 3 percent increase in deliveries over May 2009. Hyundai is currently the number six best-selling brand in the United States.
"We're kicking off the second half of the year with a full tool kit -- J. D. Power's endorsement as the highest ranking non-premium brand in the 2009 Initial Quality Study(SM) (IQS), improving availability of our award-winning Genesis models, our innovative $1.49/gallon Assurance Gas Lock program, and the new CARS program, which Hyundai is uniquely well positioned to benefit from with our fuel-efficient lineup,” said John Krafcik, president and CEO of Hyundai Motor America.