Over in America Hyundai was named overall brand winner in the 2016 Kelley Blue Book 5 year Cost to Own Awards. The automobile manufacturer was ranked first among mainstream brands for lowest projected ownership costs over a five year period. Some of the models driving Hyundai’s success include the 2016 Accent, Elantra, Sonata, Tucson and Veloster. We do not get the Accent here in Malaysia but we do get the rest.
While depreciation (or loss of value) and fuel costs may be the greatest expense incurred in owning a vehicle, there are other factors that can have a significant impact on a consumer’s budget. Kelley Blue Book 5-Year Cost to Own information takes into consideration depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and state fees.
For those that have never heard of them in this parts of the world, Kelley Blue Book is only vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry in the United States. Each week the company provides the most market-reflective values in the industry on its top-rated website KBB.com, including its famous Blue Book® Trade-In Values and Fair Purchase Price, which reports what others are paying for new and used cars this week. The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, and governmental agencies.
Hyundai vehicles are actually very well engineered cars these days. I personally hold them in high regard in terms of design and overall execution. The new Sonata is a good example. It feels very European in terms of the driving experience but the reliability of the car should be comparable or even better than some of the Asian brands we see on our roads. It's a shame we do not see that many of the current Sonata here in Malaysia.
PRESS RELEASE
HYUNDAI WINS BEST BRAND IN KELLEY BLUE BOOK
2016 5-YEAR COST TO OWN AWARDS
Feb. 18, 2016 – Hyundai was named the overall brand winner in the 2016 Kelley
Blue Book 5-Year Cost to Own Awards. Hyundai ranked No. 1 among mainstream
brands for its lowest projected ownership costs. These awards are based on Kelley
Blue Book’s 5-Year Cost to Own data for new cars for the initial five-year ownership
period.
While depreciation (or loss of value) and fuel costs may be the greatest expense
incurred in owning a vehicle, there are other factors that can have a significant
impact on a consumer’s budget. Kelley Blue Book 5-Year Cost to Own information
takes into consideration depreciation, expected fuel costs, finance and insurance
fees, maintenance and repair costs, and state fees.
“Kelley Blue Book’s 5-Year Cost to Own information evaluates the other out-of-
pocket expenses drivers will incur beyond the initial purchase price, which helps
consumers choose the vehicle that best fits their needs and their long-term budget,
helping save money down the road,” said Dan Ingle, vice president of vehicle
valuations, industry solutions and international for Kelley Blue Book. “In addition to a
low Kelley Blue Book® Fair Purchase Price and low fuel, maintenance and repair
costs across its full model lineup, Hyundai also has a mid-range depreciation and
insurance cost, making it the 2016 5-Year Cost to Own Best Brand among all
automakers.”
Kelley Blue Book Fair Purchase Price is the price shoppers typically pay a dealer for
a new car, based on actual new-car transactions and adjusted regularly as market
conditions change. Some of the models driving Hyundai’s success include the 2016
Accent, Elantra, Sonata, Tucson and Veloster.
“Hyundai’s mission is to make things better,” said Mike O’Brien, vice president,
corporate and product planning, Hyundai Motor America. “Being named the overall
brand winner in Kelley Blue Book’s 2016 5-Year Cost to Own Awards shows our
commitment to create and build better vehicles across our lineup. We believe every
owner deserves peace of mind. It’s why our cars come standard with America’s Best
Warranty, saving our owners money on what would have been out-of-pocket
expenses.”
Kelley Blue Book 5-Year Cost to Own information is developed using Kelley Blue
Book® Residual Values to calculate depreciation costs. Kelley Blue Book calculates
total ownership costs for new vehicles by applying a sophisticated valuation
methodology along with critical financial data from third-party providers.
-Ends-
About Kelley Blue Book
Founded in 1926, Kelley Blue Book, The Trusted Resource®, is the only vehicle valuation
and information source trusted and relied upon by both consumers and the automotive
industry. Each week the company provides the most market-reflective values in the industry
on its top-rated website KBB.com, including its famous Blue Book® Trade-In Values and Fair
Purchase Price, which reports what others are paying for new and used cars this week. The
company also provides vehicle pricing and values through various products and services
available to car dealers, auto manufacturers, finance and insurance companies, and
governmental agencies. Kelley Blue Book’s KBB.com ranked highest in its category for brand
equity by the 2015 Harris Poll EquiTrend® study and has been named Online Auto Shopping
Brand of the Year for four consecutive years. Kelley Blue Book Co., Inc. is a Cox Automotive
company.
About 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 830 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.
About Hyundai Motor
Established in 1967, Hyundai Motor Company is committed to becoming a lifetime partner in
automobiles and beyond. The company, which leads the Hyundai Motor Group, an innovative
business structure capable of circulating resources from molten iron to finished cars, offers
top-quality best-sellers such as Elantra, Sonata and Genesis. Hyundai Motor has eight
manufacturing bases and seven design & technical centers worldwide and in 2014, sold 4.96
million vehicles globally. With almost 100,000 employees worldwide, Hyundai Motor continues
to enhance its product line-up with localized models and strives to strengthen its leadership in
clean technology, starting with the world’s first mass-produced hydrogen-powered vehicle,
ix35 Fuel Cell.
More information about Hyundai Motor and its products can be found at:
http://worldwide.hyundai.com or http://www.hyundaiglobalnews.com
About Hyundai-Sime Darby Motors Sdn Bhd
Hyundai-Sime Darby Motors Sdn Bhd (HSDM) is a subsidiary of Sime Darby Motors. HSDM
is now the sole distributor and exclusive importer of all Hyundai completely built-up and
locally assembled vehicles and related spare parts. HSDM’s complete car line-up includes the
i10, i30, Elantra, Sonata, Veloster, Tucson, Santa Fe, Grand Starex Royale and the Genesis.
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