Elantra Demand Through The Roof
The 2011 Hyundai Elantra, which went on sale in December, marks the first American-made iteration of the popular compact. It is manufactured with the Sonata sedan at Hyundai’s U.S. assembly plant in Montgomery, Alabama. Given the recent projection for a 10 percent surge in demand for 2011, this could change.
Hyundai CFO Lee Won-hee noted that the automaker is experiencing rapid growth and expects U.S. sales to increase to 590,000 units this year. That’s up 51,772 units from 2010. To better put this into perspective, Hyundai’s annual production capacity at the Montgomery plant is only 330,000 units.
To meet growing demand, Hyundai indicates that it might just have to look overseas. “If Elantra does what we think, hope it will do, it will mean we’ll have to export them from Korea,” says spokesman, Frank Ahrens. “We’re pretty bullish on it, given the reviews it’s received so far and the price.”1
2011 Honda Elantra At a Glance
– All-new look following design theme of the midsize Sonata and Tucson SUV
– Trim: 3 (GLS M/T, GLS A/T, and Limited)
– Fuel Economy: Above average, at 29 mpg-city*
– Engine: 1.8-liter 148-horsepower (hp) I4
– Transmission: 6-speed automatic (GLS A/T and Limited); 6-speed manual (GLS M/T)
– Safety Features: Driver and passenger side airbags, ABS, traction control, and stability control
– Standard Comfort and Convenience Features: Air conditioning, power windows and door locks, and sunroof (Limited only)
– Radio/CD player
– MSRP: Below average, starting at $14,830*
– Powertrain Warranty: Above average, with 120 months/120,000 miles
– Basic Warranty: 60 months/60,000 miles
*Compared to other small cars.1
If you’re interested to learn more about the new Hyundai Elantra, visit our new Hyundai Elantra inventory page or visit Patrick Hyundai in the greater Chicago area.