COSTA MESA, Calif., Nov. 18, 2013 /PRNewswire/ -- Hyundai's commitment to improving residual value paid big dividends today when ALG, a subsidiary of TrueCar, Inc., released the winners of their 14th annual Residual Value Awards. For the second year in a row, the Santa Fe Sport took top place in the midsize utility vehicle segment and the Accent placed best in the subcompact category.
"Hyundai has made great strides in residual values in recent years," said Eric Lyman, vice president of Editorial, ALG. "The Accent and Santa Fe Sport are great examples of how the brand's strong emphasis on feature content and value for the money helps avoid the use of purchase incentives, bolstering resale values and keeping owners happy when it comes time to sell their vehicles."
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 winners were chosen after consideration of segment competition, historical vehicle performance and industry trends.
"Hyundai is committed to becoming an industry leader in the areas of reliability, safety, design and cost of ownership, the primary components of value," said Mike O'Brien, vice president, Product and Corporate Planning, Hyundai Motor America. "Receiving these awards from ALG acknowledges this promise to customer satisfaction, and speaks to Hyundai's incredible value for money."
These two ALG Residual Value awards join five others that Hyundai has received over the past three years. Santa Fe Sport, Azera and Elantra all received Residual Value honors last year. Elantra was also recognized by ALG for the 2011 and 2012 model years.
Now in its third-generation, the Santa Fe Sport is one of Hyundai's most award-winning models. Built for today's family, the vehicle showcases Hyundai's cutting-edge capabilities through its bold design, impressive fuel economy, class-leading safety features and standard amenities. The Accent is Hyundai's award-winning subcompact car, which continues to defy convention by offering extraordinary value and class-above features to subcompact car shoppers.
Headquartered in Santa Barbara, California with an office in Toronto, Ontario, ALG is a leading provider of insights and consulting services to the automotive industry. ALG is the benchmark for residual value projections in North America, publishing residual values for all vehicles in the U.S. and Canada. ALG has been forecasting automotive residual values for nearly 50 years in both the U.S. and Canadian markets. For more information, visit www.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 limited warranty, Hyundai's 10-year/100,000-mile powertrain limited warranty, and five years of complimentary Roadside Assistance. Hyundai Assurance includes Assurance Connected Care that provides owners of Hyundai models equipped with the Hyundai Blue Link telematics system with proactive safety and car care services, complimentary for three years. 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