Editor/Reporter - CheersandGears.com
February 21, 2012
The Hyundai Elantra has been seeing its sales go up and up; 40% to be exact. But that isn't the only thing to go up.
USA Today asked Edmunds.com to analyze transaction prices of compact cars. Their analysis brought forth a surprise. The average transaction price for Elantra in 2011 was $19,711. That's about $1,500 more than for a Toyota Corolla and $300 above a Honda Civic.
The same holds true for the mid-size Sonata; average transaction price in 2011 was $23,259. That's about $860 below the Honda Accord and $500 below the Toyota Camry. The previous Sonata was $2,000 below the average price of the Accord and Camry.
So what does this tell us? Hyundai is now able to sell vehicles based on merit, content and design, not being the cheaper alternative to other brands.
With news like this, its not a big surprise that Hyundai is raising the prices on certain vehicles. Case in point, the new Azera costs $6,000 more than the outgoing model.
Source: USA Today