9:56 pm - Tuesday, March 31 2020
Home / Life / cardriven.ca / Hyundai Cuts Prices By Up To $1,300 Due To Canada-Korea Free Trade Agreement
free-trade-south-korea1

Hyundai Cuts Prices By Up To $1,300 Due To Canada-Korea Free Trade Agreement

free-trade-south-korea1

By Kevin Harrison

If you are going to buy a new Hyundai today, stop immediately and wait until tomorrow!

Hyundai Canada has announced a price reduction on most of its new vehicles amidst a new Free Trade Agreement between Canada and South Korea.

Effective tomorrow, January 15, 2015, up to $1,300 will be slashed on models from their cheapest model, the Accent, to their most expensive, the Equus.

“Hyundai is pleased to pass the benefits of this significant free trade agreement on to consumers,” said Don Romano, President and CEO of Hyundai Auto Canada. “We wanted to take action quickly after the government took the first step toward removing the import duty. Hyundai vehicles have a well-known reputation for making advanced technology and premium features available to consumers at an accessible price.”

The agreement eliminates the duty in three annual reductions. Previous to the agreement, the federal import duty was at 6.1% on vehicles manufactured in South Korea.

See new adjusted pricing below:

 

 

VEHICLE PREVIOUS MSRP NEW MSRP DIFFERENCE
Accent 5-door L 6MT

$13,899

$13,599

– $300
Elantra Sedan GL 6AT

$20,999

$19,449

– $650
Veloster 6MT

$18,299

$17,999

– $300
Equus Ultimate

$72,299

$71,000

– $1,299
Santa Fe XL

$31,299

$29,999

– $1,300

About Haligonia.ca

See news happening near you? Tell us. Click here to email our team.

 

The views and opinions expressed in this content are those of the author and do not necessarily reflect those of haligonia.ca.

You might also like...

IMG_0719-1024x768

Review: 2020 Lincoln Corsair

I’m beginning to think that the Lincoln brand is a lot like a cat. That is to say, there have been several times in recent memory when it looked like the brand was going to be killed off, only to have it resurge with seemingly endless lives...

20200226-Porsche-Canada-Porsche-Taycan-Halifax-©-Porsche-Cars-Canada-Lenssen-Photo-_LP36025-1024x683

Quick Drive: 2020 Porsche Taycan Turbo – The Future Is Electrifying

For Porsche, the future is electrifying. And in order to look to its future, it had to look into its past.

The first vehicle built by founder Ferdinand Porsche was an electric car back in 1898 called the P1. It had a range of 79...

Leave a Reply

Your email address will not be published. Required fields are marked *