Hyundai cars offered with scrappage incentives in Canada

Scrappage incentives, worth up to $1000 (Cnd), now available for new Hyundai cars in Canada!

Hyundai has announced it will start offering scrappage incentives worth between $500 to $1,000 (Canadian dollars) to consumers who will decide to trade in their older gas-guzzling vehicles for new, more fuel-efficient Hyundai cars.

Hyundai states that it is the very first carmaker in Canada to offer scrappage incentive program offered by an individual car company.

How to qualify for scrappage incentives for new Hyundai cars:

First, to be eligible for the scrappage incentives, you must trade-in a 1995 model year or older vehicle. Second, you also have to proof that your old gas guzzler has been properly registered and insured for the last 6 to 12 months. And third, the vehicle you wish to trade-in must also be in running condition.

You can also qualify for the scrappage incentive if you have already retired your old vehicle through the current incentive program offered by the goverment. In this case, you have to provide the proof of acceptance under the government program to your Hyundai dealer or your Hyundai dealer can pre-qualify your vehicle for the government program and submit the application on your behalf.

President and CEO of Hyundai Canada Steve K. said in his statement that with the scrappage program, Hyundai will help reducing air pollution and keep the environment clean, while at the same time it will enable customers of new Hyundai cars saving some money. See that as a win-win combination.

Steve K. also added that with Hyundai topping up all the existing government incentives, Hyundai hopes to encourage a significant number of people to remove their old, polluting vehicles from Canadian roads.

Automotive industry worldwide has been hit particularly hard by the recession and slumping consumer confidence and similar scrappage incentive programs in Europe, as well as in the USA, have helped bringing consumers back to the dealers.

This was especially evident in the US market, where a $1 billion program, called “cash for clunkers”, has been used up in less than three weeks and the US government needed to earmarked another $2 billion to keep the “cash for clunkers” program in the running.

We expect the scrappage incentives to boost new Hyundai cars sales in Canada to record-high. Sales so far have increased by 24 percent compared to last year, while the rest of the market was down by almost 20 percent!