HYUNDAI RECEIVES THREE ALG RESIDUAL VALUE AWARDS
Elantra, Azera and Santa Fe Sport Highest Ranked in their Category Hyundai Takes Second Place Among Mainstream Brands
COSTA MESA, Calif., Nov. 26, 2012 – Hyundai’s impressive residual value improvements took another big step forward when ALG, a subsidiary of TrueCar, Inc., released its 14th annual Residual Value Awards. Hyundai earned three unique model line awards for the first time: Elantra, for the second year in a row (Compact Car), Azera (Fullsize Car) and Santa Fe Sport (Midsize Utility Vehicle). Hyundai’s residual values across all model lines also ranked second overall behind Honda among Mainstream brands.
“Hyundai’s successful residual value retention has been driven by well-executed products, improved perception of quality and a disciplined approach to incentives and fleet,” said Larry Dominique, president of ALG. “Receiving Residual Value Awards for the Elantra, Azera and the redesigned Santa Fe Sport demonstrates that Hyundai continues to deliver on that promise.”
ALG’s Residual Value Awards honor the vehicles in each segment that are predicted to retain the highest residual value percentage of their original MSRP after a conventional three-year ownership period. This year’s awards are based on 2013 model-year vehicles, and winners were chosen after consideration of segment competition, historical vehicle performance and industry trends.
“Hyundai is committed to building safe, reliable vehicles that deliver and retain value for our owners,” said Mike O’Brien, vice president, Product and Corporate Planning, Hyundai Motor America. “We are honored to have received three ALG Residual Value Awards for our North American Car of the Year Elantra, our modern and sophisticated Azera and the all-new Santa Fe Sport.”
For more information on the ALG Residual Value Awards, visit alg.com.
HYUNDAI MOTOR AMERICA Hyundai Motor America, headquartered in Costa Mesa, Calif., is a subsidiary of Hyundai Motor Co. of Korea. Hyundai vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced through more than 820 dealerships nationwide. All Hyundai vehicles sold in the U.S. are covered by the Hyundai Assurance program, which includes the 5-year/60,000-mile fully transferable new vehicle warranty, Hyundai’s 10-year/100,000-mile powertrain warranty, and five years of complimentary Roadside Assistance.