Gary Rome Hyundai

Award caps record year for Hyundai Motor America and Elantra

* Bold Fluidic Sculpture design
* Best-in-class standard fuel economy on all models
* Highest owner satisfaction with real world fuel economy of all compact cars
* Mid-size interior room in a compact class footprint
* Elantra is built at Hyundai Motor Manufacturing Alabama

The 2012 Hyundai Elantra took top honors in the most exclusive award in North America when it was named 2012 North American Car of the Year today.

A jury of 50 independent North American automotive journalists evaluated each of the new cars introduced last year and chose the 2012 Hyundai Elantra as the winner. The award was announced at a news conference at the 2012 North American International Auto Show in Detroit, which marks Hyundai’s second win. The Hyundai Genesis was named North American Car of the Year in 2009.

“Elantra speaks to the success of our recipe of bold design and great fuel economy,” said John Krafcik, president and chief executive officer, Hyundai Motor America. “In a year with some truly breakthrough competitors, we are honored that the jury recognizes Elantra’s far-reaching impact on the industry.”

The jurors considered more than 50 new vehicles, before selecting the top three cars and top three trucks. The Volkswagen Passat and Ford Focus were the other car finalists.

This is the 19th year of the awards, which were inspired by the prestigious European “Car of the Year.” The jury is administered by an organizing committee and funded exclusively with dues paid by the jurors. Jurors judge the cars on a number of factors including innovation, impact on the industry, design, safety, handling, driver satisfaction and value for the dollar.

HYUNDAI “FLUIDIC SCULPTURE” DESIGN

Elantra exemplifies Hyundai’s emotional “Fluidic Sculpture” design principles. “Fluidic Sculpture” considers the interplay of wind with rigid surfaces to create the illusion of constant motion. Elantra is an evolution of the design qualities found in Sonata.

Along Elantra’s sides are Sonata’s flowing lines, with the addition of a strong undercut feature line starting at the front door. These lines, along with muscular wheel arches and a sleek roofline, create a memorable and spacious package. Flowing lines also lead to an aerodynamic body. The drag coefficient for the Elantra is an exceptionally low 0.28 that compares favorably to the Chevrolet Volt (0.29).

Hyundai’s signature hexagonal front grille and detailed swept-back headlights give Elantra a compact athletic face. The assertive stance is complimented by 15-, 16- or 17-inch alloy wheels and athletic proportions. Available fog lights and side repeater mirrors complete the distinct design. Elantra was designed at Hyundai’s North American Design Center in Irvine, Calif.

40 MPG POWERTRAIN
Elantra’s standard fuel economy is EPA-rated at 29 mpg city and 40 mpg highway, amd 33 mpg combined, with the six-speed automatic transmission or manual transmission. These figures give Elantra a highway-only driving range of up to 500 miles. Elantra’s strong EPA ratings are backed up by the highest owner satisfaction with real-world fuel economy in the compact class, according to data from J.D. Power and Associates.

Under the hood, the Elantra is powered by an all-new 1.8-liter Nu four-cylinder engine with 148 horsepower and 131 lb-ft of torque (145 horsepower and 130 lb-ft of torque for Elantra PZEV). Thanks to advanced clean engine technology, most Elantras sold in California, Oregon and several Northeast states are certified as Partial Zero Emission Vehicles (PZEV) by the EPA. The PZEV Elantra is as clean as many hybrid electric vehicles. The PZEV Elantra helps Hyundai meet its environmental commitments. Outside of these “green” states, the Elantra is available as an Ultra Low Emission Vehicle (ULEV).

Mark on the Market

Most importantly, Elantra is driving traffic to Hyundai showrooms. Elantra’s record 186,361 sales helped Hyundai achieve its record sales of 645,691 units in the U.S. in 2011. Hyundai Motor America posted a 20 percent increase over 2011 total sales.

HYUNDAI MOTOR AMERICA
Hyundai Motor America, headquartered in Costa Mesa, Calif., is a subsidiary of Hyundai Motor Co. of Korea. Hyundai vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced through more than 800 dealerships nationwide. All Hyundai vehicles sold in the U.S. are covered by the Hyundai Assurance program, which includes the 5-year/60,000-mile fully transferable new vehicle warranty, Hyundai’s 10-year/100,000-mile powertrain warranty, and five years of complimentary Roadside Assistance.

Hyundai Elantra, Sonata, Genesis, Equus, Tucson and Santa Fe Achieve Highest Safety Ratings

Six Hyundai models, the all-new Hyundai Elantra, Sonata, Genesis, Equus, Tucson and Santa Fe, achieved the 2012 Top Safety Pick honor from the Insurance Institute for Highway Safety (IIHS). Top Safety Pick recognizes vehicles that do the best job of protecting people in front, side, rollover, and rear crashes based on “good” ratings in Institute tests. Winners must also have available Electronic Stability Control (ESC), a crash avoidance feature that significantly reduces crash risk.

“Safety has always been a top priority at Hyundai, so we are thrilled to see six of our models on this important and prestigious list,” said Mike O’Brien, vice president, Product and Corporate Planning, Hyundai Motor America. “Having led the industry in standardizing Electronic Stability Control for the midsize sedan segment back in 2005, Hyundai is committed to developing and providing the best in both passive and active safety technologies.”

The IIHS Top Safety Pick ratings help consumers pick vehicles that offer a higher level of protection than federal safety standards require. In 2010, the Institute toughened the criteria for Top Safety Pick by adding a requirement that all qualifiers must earn a “good” rating for performance in a roof strength test to assess protection in a rollover crash.

“For the second year running a record number of models qualify,” says Institute president Adrian Lund. “It’s tough to win, and we commend auto manufacturers for making safety a top priority.”

HYUNDAI MOTOR AMERICA
Hyundai Motor America, headquartered in Costa Mesa, Calif., is a subsidiary of Hyundai Motor Co. of Korea. Hyundai vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced through more than 800 dealerships nationwide. All Hyundai vehicles sold in the U.S. are covered by the Hyundai Assurance program, which includes the 5-year/60,000-mile fully transferable new vehicle warranty, Hyundai’s 10-year/100,000-mile powertrain warranty, 5-years of complimentary Roadside Assistance and the Hyundai Trade-in Value Guarantee. Hyundai is a registered trademark of Hyundai Motor Company. All rights reserved. ©2011 Hyundai Motor America.

13th Annual ALG Awards Honor Elantra in Compact Car Segment

Hyundai today announced that the 2012 Elantra has received a Residual Value Award from ALG in the Compact Car segment. ALG, the industry benchmark for residual values and depreciation data, annually recognizes automakers’ outstanding achievements in producing new vehicles that are predicted to retain the highest percentage of their original price after a conventional three-year period. Awards are given in 19 vehicle categories. This year’s awards are based on 2012 model year vehicles.

“The Elantra’s eye-catching sporty profile and upscale interior, combined with Hyundai’s increasing image of quality, earn the model its second consecutive win in the Compact Car segment,” said Raj Sundaram, ALG. “High demand and minimal incentives also help it nab the top spot.”

Award winners are determined through careful study of the competition in each segment, historical vehicle performance and industry trends. Vehicle quality, production levels relative to demand, and pricing and marketing strategies remain the key factors that affect ALG’s residual value forecasts.

“Hyundai’s Elantra stands out in the competitive compact segment, offering innovation, content, style, and 40 mpg highway standard fuel economy,” said Mike O’Brien, vice president, Product and Corporate Planning, Hyundai Motor America. “Strong residual value is an important element in Hyundai’s overall value equation, reducing the overall cost of ownership and allowing us to offer customers the Hyundai Assurance Trade-In Value Guarantee.”

The Trade-In Value Guarantee is the newest addition to the Hyundai Assurance suite of programs. It eliminates concern about depreciation by giving Hyundai owners a guaranteed value for their vehicle in months 24 through 48 of ownership.

The 2012 Elantra sets the bar in the compact sedan category offering a “class-above” midsize car interior volume, modern design, outstanding fuel economy, and loads of comfort and convenience features, all at an attractive starting price. Elantra also delivers standard advanced safety technologies including a new Vehicle Stability Management (VSM) system to optimally manage Electronic Stability Control (ESC) and the Motor-Driven electric Power Steering (MDPS).

ALG (www.alg.com)

Based in Santa Barbara, California, ALG is a leading provider of data and consulting services to the automotive industry. ALG publishes the “Automotive Lease Guide” – the standard for Residual Value projections in North America, and has been forecasting automotive residual values for over 45 years in both the U.S. and Canadian markets. ALG is a subsidiary of TrueCar, Inc.

HYUNDAI MOTOR AMERICA

Hyundai Motor America, headquartered in Costa Mesa, Calif., is a subsidiary of Hyundai Motor Co. of Korea. Hyundai vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced through more than 800 dealerships nationwide. All Hyundai vehicles sold in the U.S. are covered by the Hyundai Assurance program, which includes the 5-year/60,000-mile fully transferable new vehicle warranty, Hyundai’s 10-year/100,000-mile powertrain warranty, 5-years of complimentary Roadside Assistance and the Hyundai Trade-in Value Guarantee.

HOLYOKE, Mass. (WGGB) — May wasn’t a good month for most auto makers. Overall, sales dropped 2.9 percent, the biggest decline since February 2010, according to figures from the U.S. Department of Commerce.



Chrysler and Hyundai, however, saw increases. Chrysler sales were up ten percent over May 2010. Hyundai sales were up 21 percent over the same time last year, largely due to the popularity of the Elantra and Sonata.

“Every month is a new record,” said Cliff Dexheimer, Gary Rome Hyundai General Sales Manager . “They’re up, up, up. Their market share is greater than it’s ever been.”

Tami Bailly of Granby just bought an Elantra. Her daughter encouraged her to buy one and she’s now encouraging her father-in-law to do the same. She says a price tag of under twenty thousand and a high safety rating are big pluses. She says the biggest reason, though, is gas mileage. The Elantra gets 40 MPG on the highway. The Sonata gets 35.

“What you save on gas is what you can put toward your payment,” says Bailly. “I thought it would be a really good deal.”

“We’re trading in trucks and SUV’s like crazy,” said Dexheimer. “Folks are saving a hundred or more dollars a month just on their fuel bill.”

While demand isn’t a problem, Dexheimer says supply is. The dealership’s new car lot is almost empty. Bailly is actually on a wait-list for her Elantra. Dexheimer says Hyundai is thinking about adding a third shift at its plant in Alabama. It’s an enviable position for a company to be in these days.

CarsDirect.com’s editors named the 2011 Hyundai Elantra one of the “Top Ten Cars to Look Forward to in 2011” on their new Pricing Insider Blog. The all-new Elantra encompasses all of Hyundai’s latest ambitions including modern design, advanced safety technologies and best-in-class 40 mpg highway fuel economy. In the very competitive compact car segment, the Elantra stands out with “class-above” mid-size car interior volume, a new 1.8-liter “Nu” engine and a low starting price point of $14,830.

“Compact-car buying used to be a compromise with consumers settling for affordable, fuel-efficient cars without style, space, or luxury amenities,” said Scott Margason, director of product planning, Hyundai Motor America. “The 2011 Elantra challenges the current compact sedan segment, offering a sleek, sophisticated look and affordable price tag, while still returning 40 mpg of fuel economy.”

CarsDirect.com is the leading multi-brand online car buying service, providing new and pre-owned automobiles and related products and services. Their “Top Ten Cars to Look Forward to in 2011” list highlights the very best cars that they believe 2011 has to offer.

“Hyundai [has] pulled it off and delivered a car that not only challenges the compact status quo, but seemingly has the competition totally outgunned,” said CarsDirect.com editors. “With a 1.8-liter four-cylinder engine producing a respectable 148 horsepower, the Elantra has plenty of power for a compact—especially when you take into account that it has more power than the industry benchmarks, the Honda Civic and Toyota Corolla.

“But what really sets the Elantra apart is its incredible fuel economy. Rated at 29 City/40 Highway mpg, the Elantra is nearly untouchable in its class. Moreover, with its thoroughly modern body style, the Elantra looks and feels more advanced than its Japanese rivals. Even with a new Civic due next year and a new Corolla planned for 2013, we believe this generation of Elantra will enjoy its spot at the top of the compact car hierarchy.”

Joining the Elantra on the CarsDirect.com list are the Nissan Leaf, Kia Optima, Chevrolet Volt, Audi A8, BMW 1-Series M Coupe, Ford Explorer, Buick Regal GS, Fiat 500, and Ford Focus. For more information about the “Top Ten Cars to Look Forward to in 2011” from CarsDirect.com visit: http://pricinginsider.carsdirect.com/tag/top-10-cars-to-look-forward-to-in-2011/.

HYUNDAI MOTOR AMERICA

Hyundai Motor America, headquartered in Fountain Valley, Calif., is a subsidiary of Hyundai Motor Co. of Korea. Hyundai vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced through about 800 dealerships nationwide. All Hyundai vehicles sold in the U.S. are covered by the Hyundai Assurance program, which includes the 5-year/60,000-mile fully transferable new vehicle warranty, Hyundai’s 10-year/100,000-mile powertrain warranty and 5-years of complimentary Roadside Assistance.

ALG, the industry benchmark for residual values and depreciation data, today announced its 12th annual Residual Value Awards, honoring vehicles across 19 different segments and two brands that are predicted to retain the highest percentage of their MSRP after a three-year period. The 2011 Hyundai Elantra topped the competitive compact segment, winning ALG’s award for the highest residual value in its class.

The 2011 Residual Value Awards are based on the entire model year forecast of 2011 products. Award winners are determined through careful study of the competition in each segment, historical vehicle performance and industry trends. Vehicle quality, production levels relative to demand and pricing and marketing strategies are among the key factors that affect ALG’s residual value forecasts.

“Hyundai’s win of the mid-compact segment highlights the growing reputation of the brand, as well as its impressive new product push,” said Raj Sundaram, Senior Vice President, Solutions Group and ALG. “The all-new 2011 Elantra shines with standard luxurious features and a modest price tag, and it’s expected to be a favorite of young drivers like the VW Jetta and Mazda3 before it.”

The all-new 2011 Elantra encompasses Hyundai’s latest ambitions including “Fluidic Sculpture” design, advanced safety technologies and best-in-class 40 mpg highway fuel economy. It took 33 months to develop the all-new Elantra and four years to bring it to market. The 2011 Elantra launches with new 1.8-liter “Nu” engine and in-house six-speed automatic transmission.

“Achieving such tremendous value retention speaks to the overall quality and merit of the Elantra,” said Mike O’Brien, vice president, Product and Corporate Planning, Hyundai Motor America. “Vehicles that retain their value in the long-term offer a lower overall cost of ownership to the customer, allowing Hyundai to offer strong lease options to consumers and better resale value at trade-in time for our customers who purchase their vehicles.”

For more information and a complete list of winners, visit: www.alg.com.

ALG

Based in Santa Barbara, California, ALG (www.alg.com) is a leading provider of data and consulting services to the automotive industry. ALG publishes the “Automotive Lease Guide” - the standard for Residual Value projections in North America, and has been forecasting automotive residual values for over 45 years in both the U.S. and Canadian markets. ALG is a company of DealerTrack Holdings, Inc. HYUNDAI MOTOR AMERICA

Hyundai Motor America, headquartered in Fountain Valley, Calif., is a subsidiary of Hyundai Motor Co. of Korea. Hyundai vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced through about 800 dealerships nationwide. All Hyundai vehicles sold in the U.S. are covered by the Hyundai Assurance program, which includes the 5-year/60,000-mile fully transferable new vehicle warranty, Hyundai’s 10-year/100,000-mile powertrain warranty and 5-years of complimentary Roadside Assistance.