Hyundai wins 2016 Kelley Blue Book Cost to Own Awards


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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