Law and Rights
GM, Ford and Chrysler aren't the only ones with excess inventory to get rid of. Hyundai Motor Co. halted production at its Montgomery, Ala., assembly plant a few days ago because their dealers already have too many unsold Sonata sedans.
The plant is set to close again on Oct. 12 and Oct. 19, according to Hyundai spokesman Robert Burns. No word on whether or not more shutdowns are planned yet but "We expect the idle to be temporary," Burns said.
It's no wonder since in the first nine months of 2007, U.S. sales of the Sonata model were almost 20 % under the numbers from the year-ago period. As it was, they were already cutting back on the build numbers, with daily production of Sonatas at the Alabama plant down from 711 vehicles in September 2006 to 429 in Sept '07.
Get ready to see rebates coming to Hyundai and dealer spiffs in the offing to move the old iron off the dealer's lots. After all, there's no point in building them if they can't sell them. Wait a little longer and maybe the price will even drop.
Subscribe in a reader
- Who Sold The Most Cars In September?
It matters because it tells consumers what is happening in the market place. Knowing that can help you get your best deal in your local dealer's showroom. Dealers who didn't sell much will have more inventory than they want and the...
- Hundai Getting Too Big For Its Britches?
There just isn't anything quite like a "maybe recall" where the manufacturer will fix some cars, but not the ones that it has already sold, but that's what Hyundai is trying to get away with now. They win. You get stuck. Sound familiar? Hyundai...
- Are You More Loyal To Your Car Brand Than Your Hyundai-owning Neighbor? Data Shows They Are More Loyal Than Anyone
When Hyundai shipped their cars to the US for the first time, they hoped folks would come to like them. Well, it may have taken a while to get there, but there they are. New data on sales and service is reported to show that Hyundai owners are more loyal...
- Isuzu Gives Up
Last year in the entire United States Isuzu sold a grand total about 9 cars a day --- in the entire country. You can't make a living that way, so Isuzu gave up. Isuzu is pulling out of North America, unable to compete with either price or quality...
- Chrysler's Gotta Deal For You
Cash-strapped and loaded with leftovers, Chrysler has just told its dealers that they can put their left over 2006 vehicles in their "loaner car" inventory for just one day and then sell them as "used" cars for thousands less, at Chrysler's expense....
Law and Rights
Hyundai Sales Slow
GM, Ford and Chrysler aren't the only ones with excess inventory to get rid of. Hyundai Motor Co. halted production at its Montgomery, Ala., assembly plant a few days ago because their dealers already have too many unsold Sonata sedans.
The plant is set to close again on Oct. 12 and Oct. 19, according to Hyundai spokesman Robert Burns. No word on whether or not more shutdowns are planned yet but "We expect the idle to be temporary," Burns said.
It's no wonder since in the first nine months of 2007, U.S. sales of the Sonata model were almost 20 % under the numbers from the year-ago period. As it was, they were already cutting back on the build numbers, with daily production of Sonatas at the Alabama plant down from 711 vehicles in September 2006 to 429 in Sept '07.
Get ready to see rebates coming to Hyundai and dealer spiffs in the offing to move the old iron off the dealer's lots. After all, there's no point in building them if they can't sell them. Wait a little longer and maybe the price will even drop.
Burdge Law Office
www.UsLemonLawyers.com
Helping Consumers Protect Themselves Since 1978
www.UsLemonLawyers.com
Helping Consumers Protect Themselves Since 1978
Subscribe in a reader- Who Sold The Most Cars In September?
It matters because it tells consumers what is happening in the market place. Knowing that can help you get your best deal in your local dealer's showroom. Dealers who didn't sell much will have more inventory than they want and the...
- Hundai Getting Too Big For Its Britches?
There just isn't anything quite like a "maybe recall" where the manufacturer will fix some cars, but not the ones that it has already sold, but that's what Hyundai is trying to get away with now. They win. You get stuck. Sound familiar? Hyundai...
- Are You More Loyal To Your Car Brand Than Your Hyundai-owning Neighbor? Data Shows They Are More Loyal Than Anyone
When Hyundai shipped their cars to the US for the first time, they hoped folks would come to like them. Well, it may have taken a while to get there, but there they are. New data on sales and service is reported to show that Hyundai owners are more loyal...
- Isuzu Gives Up
Last year in the entire United States Isuzu sold a grand total about 9 cars a day --- in the entire country. You can't make a living that way, so Isuzu gave up. Isuzu is pulling out of North America, unable to compete with either price or quality...
- Chrysler's Gotta Deal For You
Cash-strapped and loaded with leftovers, Chrysler has just told its dealers that they can put their left over 2006 vehicles in their "loaner car" inventory for just one day and then sell them as "used" cars for thousands less, at Chrysler's expense....