Filed under:
Car Buying,
Hyundai,
Earnings/Financials
Effective tomorrow,
Hyundai is reportedly ending its vehicle return program, which allowed Hyundai owners who unexpectedly lost their income to return their cars. The program was a breakthrough when it was introduced in January, 2009 at the height of the global credit crunch.
According to Inside Line, only 350 people have taken advantage of the program, which fell under the blanket of the automaker's Hyundai Assurance coverage package. With the job market slowly returning to a somewhat normal state and economic conditions on the rise, Hyundai apparently feels that the program has outlived its usefulness.
In the face of a worrying economy, Hyundai of America moved 538,228 vehicles in 2010. Despite the loss of the vehicle return program, the Korean automaker will apparently continue other programs associated with Hyundai Assurance, including its 10-year/100,000-mile warranty and five-year roadside assistance plan.
[Source:
Inside Line | Image: Jung Yeon-Je/AFP/Getty]
Report: Hyundai vehicle return program ending tomorrow originally appeared on
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31-03-2011, 09:20 AM
