When buying a new vehicle, residual value is a big consideration for most people. You want to know that the value of your car doesn’t drop through the floor as soon as you drive off the lot. In the past this was a big consideration for not buying Korean cars as most couldn’t hold their value. Hyundai has been making huge strides to change, not just the customer perception but actual residual values of their products.
Last week Hyundai was awarded ALG’s Residual Value Award for 3 of their new models. These models include the Elantra, the Azera, and the Santa Fe Sport. ALG is a subsidiary of TrueCar Inc. and this is their 14th annual Residual Value Awards.
“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.”
Check out reviews we’ve done on Hyundai products here on txGarage.