Report: Buyers paying more for Hyundai Elantra than Honda Civic, Toyota Corolla

According to data compiled by Edmunds.com for USA Today, the Hyundai Elantra now commands a higher price than its Japanese competitor’s compact sedans.

The analysis shows that buyers in 2011 paid an average of $19,711 for the Hyundai Elantra sedan, which comes in $1,500 more than the Toyota Corolla and $300 more than the Honda Civic. Sales of the redesigned Hyundai Elantra were up 40.5 percent in 2011 from 2010.

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Hyundai’s mid-size Sonata is also closing the gap with the Toyota Camry and Honda Accord. In 2011, Hyundai Sonata buyers paid 33 percent more for the Sonata than they did in 2002, while the Accord commanded a 13 percent increase and the Camry a 10 percent increase.

On average, U.S. buyers paid $23,259 for a Sonata, just $860 below the Accord and $500 below the Camry. To put that in perspective, 5 years ago, the Sonata lagged behind its Japanese rivals by more than $2,000.

Later this year, the Hyundai Elantra GT hatchback and the Hyundai Elantra Coupe will also go on sale.

– By: Omar Rana

Source: USAToday