Hyundai dropping job-loss protection, cites improving economy

(March 30, 2011) Hyundai will stop offering the original job-loss-protection portion of its Hyundai Assurance program at the end of the month, pointing to waning participation as a sign that the economy is improving.

Hyundai introduced its Assurance program in January 2009, offering customers a complimentary return of their financed or leased vehicle if they lost their income within a year of buying the car. But participation has declined, spokesman Jim Trainor told the Free Press on Tuesday, so purchases made Thursday will be the last to qualify for the program.

“It’s another small indication that things are getting a little bit better,” Trainor said.



Source: Detroit Free Press