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Short Description: Jul 6, 2009 ... Hyundai defies the warning from the Dept. of Transportation not to sell cars ... Hyundai gives its dealers a head start by not following ...
Content Inside: Cash For Clunkers - Hyundai Wins by Defying Government Warning Against Selling Cars Hyundai defies the warning from the Dept. of Transportation not to sell cars before program rules were announced. Hyundai gives its dealers a head start by not following Governments recommendations NEW YORK, NY (July 6, 2009) ‚" Hyundai and some of the top dealer groups in the world have created a program to help consumers take advantage of the history automotive stimulus bill weeks before other manufacturers and dealerships would honor the rebates. The law stated that consumers qualified for the historic car credits from July 1st through November 1st but the rules of the program were not released by the NHTSA until July 24th. The U.S. Department of Transportation issued a warning to tell dealers not to sell cars before the 24th because ‚oedealers structuring transactions before the final rule is issued will bear the risks associated with later demonstrating that the transaction meets all of the specifications of the final rule. Despite this warning, Hyundai announced it would actively help its dealers sell cars now so they can get an advantage over the other manufacturers in the race to win over the clunker customers who wanted to buy now. In addition, Hyundai retailers wored with a number of automotive marketing companies to implement an aggressive strategy to reach consumers on the clunker list before the competition began their campaigns. Hyundai Motor Co., South Korea's largest carmaker, advanced money to U.S. dealers so they could immediately take advantage of a "cash for clunkers" program. The payments covered new-vehicle credits for consumers until the federal government completed the rules for the program this month and begins paying dealers, Hyundai spokesman Chris Hosford said Thursday. Hyundai is the first manufacturer to extend such advances, he said. ‚oeWe are helping consumers take advantage of the program early before the funds expire,‚∑ said Rick Case, , who has 6 Hyundai stores as a part of one of the most successful automotive groups in the world. Rick Case is also matching the governments rebate which gives consumers a savings of up to $9,000 off a vehicle, on select models. The National Automobile Dealers Assn. recommended that dealers wait for the rules to come out before acting, said John McEleney, chairman of the McLean, Va.-based group."I just hate to see someone get burned," he said. Hosford said he was confident that retailers wouldn't end up paying a price for the early sales because the criteria for qualifying vehicles are spelled out in the law enacted June 24. (view approved law at Cars.gov, the official government site and use the ‚oeclunker calculator‚∑ to determine if your vehicle qualifies at www.CashForClunkersInformation.org) The top brass at the car companies, Rick Case and a few of the top dealers in the world, http://www.free-press-release.com/ 1 of 3