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Chrysler, Hyundai Offer Incentives to Toyota Owners; Honda Takes the High Road

Posted: Feb 01, 2010 11:12 a.m.

Toyota owners who’ve lost confidence in the Japanese automaker have a lot of options this week.  Chrysler and Hyundai have joined General Motors and Ford in offering discounts to Toyota owners looking to buy a new car.

Autoblog reports, “Through March 1, 2010, Chrysler is offering a $1,000 incentive for owners of the Toyota Sienna, Tacoma and Tundra who wish to switch to a Chrysler, Dodge or Jeep-branded truck.”  Those leasing a truck have options as well, not limited to trucks.  Chrysler will offer a $1,000 discount to “for drivers with expiring Toyota leases who switch to any Chrysler, Dodge or Jeep vehicle.”

Hyundai, the Detroit News notes, is offering $1,000 rebates to U.S. customers who trade in Toyota vehicles for one of three Hyundai models.”  Hyundai’s offer applies only to its Sonata and Elantra sedans, and Elantra Touring wagon.  The incentive is set to expire today, but may be extended.

Toyota’s major Japanese rival will not be piling on.  Edmunds Inside Line reports, “In stark contrast to the tactics of General Motors and Ford in the aftermath of Toyota's massive recall, Honda on Thursday said it ‘will not react in a predatory way toward either Toyota or Toyota customers.’”

If you're in the market for a new car, check out the U.S. News rankings of this year's best cars as well as this month's best car deals.