Average Incentives Year-To-Date
Published: October 15th, 2009
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1. Chrysler Group$4,584+18%2. GM$3,796+6%3. Ford Motor Co.$3,451+2%4. Hyundai-Kia$2,998+40%Industry Average
Through September, as calculated by Edmunds [via Automotive News [sub]]
More by Edward Niedermeyer
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and I'll bet that 10 yr warranty costs Hyundai a pretty penny too.
Pretty sobering.
Yeah, the fact Hyundai and Kia is putting that much on the hood is telling. I arrived home yesterday and the Kia dealership we had purchased our Sedona from had left a message wanting us to come in and letting us know they have up to $3k on the hood and could probably get us a better payment than we have(had) on the Sedona. If he had called while I was there he would have had an earful after the crap service and the number of times the damn thing had to go into the shop. Never again will anyone in my family buy a Hyundai or a Kia.
I'm glad someone finally posted this information. I'd been getting tired of the "Hyundai/Kia are kicking butt" hype going on because they went from selling 30000 cars/month to 35000 cars/month. It's easy to sell cars when you have a Buy One Get One Free sale like the Kia dealer in my area had a few months ago. That being said, Toyota won't nearly be as low by the end of the year once that 1 billion dollars in increased advertising and incentives over October to December kicks in.