Hot sales of 2011 Hyundai Sonata force production changes
The 2011 Hyundai Sonata has been selling like hot cakes since it came to market earlier this year. The stylish midsize sedan sold 107,085 units through July, up from 73,862 for the same period last year.
Sales are so hot that Hyundai has been running its plant in Montgomery, Alabama at maximum overtime for several months to meet demand. With new Sonatas still in short supply, Automotive News reports that Hyundai is shifting production of its Santa Fe crossover vehicle to free up capacity.
The Santa Fe is reportedly scheduled to move to a plant in West Point, Georgia that’s owned by corporate cousin, Kia. Hyundai’s crossover will be built alongside the new Kia Sorento, with which it shares a platform. A source familiar with the issue said that new workers have already been hired to staff the second production line.
Though Hyundai is staying tight-lipped on the subject, this is obviously good news for the company and good news for the local economies in Montgomery and West Point.
2 Comments
Is there any source for new or used car values that actually tells the truth? True car said that a good price for my wifes new DODGE ram 1500 st V6 was $22,500 or under. Kelly blue book gave $23,750 or uder. Nada fell some wher in between. We actually paid $16,997 Way under, and the dealer still made more than $2,000.00 dollars more than the standard profit. I know this because I know the dealer he did not break even at that price HE made a better than average profit. The truck actually sells for $14,995.00 if the dealer only makes standard profit.
AGAIN is there any guide out for the CONSUMER, and who will tell the real truth?
Hey John,
New car values are notoriously difficult to pin down and that’s because there is a lot happening behind the scenes. Manufacturers offer a variety of bonuses and incentives to get their dealers to move metal and not all of them are made public.
For example, a dealer might receive a retroactive bonus that pays $200 for every car sold in June if he manages to meet a certain quote. A dealer who is one or two sales away from hitting that quota may choose to lose money on a few cars because he’ll make more overall.
There are other special offer to consider, too, like discounts for military service members or recent graduates.
One of the reasons we like TrueCar so much is because they are so transparent with their data. They’ll show you exactly what data they’re working with if you click the “Details” tab for a particular car.
Glad to hear you got such a good deal on your Ram. Happy Honking!