Some free advertising...

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Hyundai has scored a marketing coup with its promotion that allows new-car buyers to return their car within a year after buying it, if they get laid off of their job.

I fear I may have been sucked in to the promotion frenzy today by doing a story.

But if so, I'm not alone. A quick Google search turned up stories by the Associated Press and CNN.com.

It's definitely unique, according to industry watchers.

And regardless of whether it forces other ailing auto manufacturers to do something similar, it has sparked a lot of free ads on television and in print.

As one local Hyundai dealership employee told me on Tuesday: "It's marketing genius."

 

 

 

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About this blog

Economic Alert is a daily blog on business and the economy in the San Gabriel Valley and beyond, featuring updates and observations from the staff of the San Gabriel Valley Newspaper Group. SGVN includes the San Gabriel Valley Tribune, Pasadena Star-News and Whittier Daily News.

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Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
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Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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About this Entry

This page contains a single entry by Ryan Carter published on January 6, 2009 3:40 PM.

Automakers post dismal sales results was the previous entry in this blog.

Financial distress fuels suicides is the next entry in this blog.

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SanGabe.biz is the San Gabriel Valley Newspaper Group's online resource for local business development. Get info on tax law, accounting, legal forms, marketing, sales and more.
The San Gabriel Valley Small Business Development Center offers classes, counseling and consulting for entrepreneurs and small business owners. The SBDC is a partnership between Mt. San Antonio College and the U.S. Small Business Administration.
The San Gabriel Valley Economic Partnership is a nonprofit corporation dedicated to improving the valley's economy.

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