The Hyundai brand keeps growing in value, and the industry experts are taking notice.
As a brand, Hyundai finished second in ALG’s annual Residual Value Awards. ALG’s Residual Value Awards honor the vehicles in each segment that are forecast to retain the highest percentage of MSRP after a three-year period. Award recipients were chosen after a careful evaluation of vehicle criteria, including segment competition, historical vehicle performance and industry trends. This year’s awards are based on 2013 model year vehicles.
“Hyundai’s ascent as a brand is nothing short of impressive,” said Larry Dominique, President of ALG. “Since 2007, when the brand ranked in the bottom quartile for Residual Value, Hyundai has delivered well-executed product, and has kept incentives and fleet – two elements that can quickly damage residual value – in check. And, as demonstrated by the redesigned Santa Fe Sport, they continue to deliver.”
As you break it down further, Hyundai’s models cleaned up in the best in class categories.
The 2013 Hyundai Elantra was named the top car in the compact segment, meaning the Elantra will hold value better than all other vehicles in its class.
The 2013 Hyundai Azera took home the best fullsize car award.
Congrats to everyone with Hyundai.