FOUNTAIN VALLEY, Calif., Aug. 6, 2014 /PRNewswire/ -- Hyundai's award-winning Certified Pre-Owned (CPO) Program added to its accolades as Veloster and Santa Fe won their category in the 2014 Vincentric Best CPO Value in America awards. Hyundai's three-door sporty coupe won in the subcompact coupe segment, while Santa Fe beat out all other CUV competitors in the mid-size crossover category.
"Hyundai's CPO program gives customers an added level of comfort, satisfaction and peace of mind in their vehicle purchase," said Steve Flood, director, Sales Planning and Retail Operations, Hyundai Motor America. "By selecting a Hyundai CPO vehicle, consumers receive $2,066* of added value over a comparable non-certified used Hyundai. Veloster and Santa Fe are both excellent vehicles offering stylish design and functionality for different lifestyles, and as these awards show, great value."
The Vincentric Best CPO Value in America awards are vehicle-specific honors that determine the best value certified pre-owned model in each segment. Using a statistical analysis, the company identified the Vincentric Best CPO Value in America winners by measuring which vehicles had lower-than-expected ownership costs given their market segment and price.
Vincentric measures cost of ownership using eight different cost factors: depreciation, fees & taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs. Each CPO vehicle was evaluated in all 50 states plus D.C. assuming each has been driven 15,000 miles per year, with the expectation that they will be driven an additional 15,000 miles per year over the coming five years.
Hyundai's CPO program benefits include:
- 10-year/100,000-mile CPO Powertrain Limited Warranty from the original in-service date and zero (0) miles
- 150-point inspection
- 10-year/Unlimited Mileage Roadside assistance from the original in-service date
- Rental car reimbursement (up to $35/day for up to 10 days per occurrence)
- Towing coverage to the nearest Hyundai dealership
- Travel breakdown reimbursement (for breakdowns more than 150 miles from home, up to $100 per day, $500 per occurrence)
- 90-days of no-charge SiriusXM® satellite radio (for vehicles equipped with SiriusXM®)
- Complimentary CARFAX® Vehicle History Reports™
For a full list of Hyundai CPO coverage, visit: http://www.hyundaicertified.com.
*$2,066 represents the national value of benefits included in the purchase of a Hyundai CPO vehicle as compared to a non-certified used Hyundai. Since $2,066 represents an average for all Hyundai CPO vehicles sold nationally, individual value received may vary.
Vincentric provides data, knowledge, and insight to the automotive industry by identifying and applying the many aspects of automotive ownership costs. Vincentric data is used by organizations such as Yahoo! Autos, AOL, Cars.com, Chrysler, Toyota, BMW, Mercedes-Benz, Kiplinger.com, Business Fleet Magazine, NADA Guides, and Fleet-Central.com as a means of providing automotive insight to their clientele. Vincentric, LLC is a privately held automotive data compilation and analysis firm headquartered in Bingham Farms, Michigan.
HYUNDAI MOTOR AMERICA
Hyundai Motor America, headquartered in Fountain Valley, 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 limited warranty, Hyundai's 10-year/100,000-mile powertrain limited warranty and five years of complimentary Roadside Assistance. Hyundai Blue Link Connected Care provides owners of Hyundai models equipped with the Blue Link telematics system with proactive safety and car care services complimentary for one year with enrollment. These services include Automatic Collision Notification, Enhanced Roadside Assistance, Vehicle Diagnostic Alert, Monthly Vehicle Health Report and in-vehicle service scheduling.
For more details on Hyundai Assurance, please visit www.HyundaiAssurance.com
SOURCE Hyundai Motor America