Customers Believe Hyundai Vehicle Technology Capable of Meeting Standards Ahead of Time
The federal government proposed a new plan for a corporate average fuel economy standard (CAFE) for the years 2017 through 2025. Under the plan, the government is recommending a CAFE standard of 54.5 miles per gallon by 2025 for vehicles. In a poll conducted by LeaseTrader.com, the most recognized name in car leasing, 63.6 percent of respondents believe Hyundai is best positioned to meet these standards even before the proposed date.
LeaseTrader.com conducted an online poll during the week of July 18 – 22, 2011 and received responses from 1,138 drivers across the country. Highlights from the poll:
—72.4% overall say they are in favor of higher fuel standards
—Percentage drops to just 34.5% approval if it means vehicle prices will rise more than $2,000
—69.8% feel automakers already have the technology to significantly improve the fuel standard technology
—63.6% believe Hyundai could meet these fuel standards before the government deadline
—47.2% believe the domestic carmakers can be profitable under these fuel standards
Demand for Hyundai vehicle leases is at the highest it’s ever been at any point in the history of LeaseTrader.com. Hyundai vehicle leases represented 8.3 percent of total searches in the LeaseTrader.com online marketplace during the month of June (compared with 6.9% in June of 2010). Customers polled feel Kia (57.2%) is next best-positioned carmaker to meet new fuel standards before proposed date, followed by Honda (55.6%). Ford was the top domestic automaker in this category getting 47.3 percent of customers polled.
“A lot of Hyundai’s success has more to do with the way it builds cars than anything Mother Nature has done recently to the automotive industry,” said Sergio Stiberman, CEO and Founder of LeaseTrader.com. “Our demand for Hyundai leases has risen considerably over the years and we only see that demand going higher in the future.”