2014 Model-Year Vehicles Top Their Segments for Residual Value
FOUNTAIN VALLEY, Calif., April 28, 2016 – The 2014 Hyundai Tucson, Equus and Genesis were named winners in the inaugural TrueCar Pre-Owned Value Awards. This new award, which is powered by ALG, TrueCar’s analytics division and the benchmark for future vehicle values, identifies used vehicles that represent excellent value for consumers based on future resale value.
The 2014 Tucson, Equus and Genesis won in compact utility, premium executive and premium full-size categories, respectively, for holding their value better than competing vehicles.
“Each of the three ranked Hyundai vehicles provides a unique value proposition for consumers in its respective segment,” said Jim Nguyen, TrueCar EVP and general manager of ALG. “The Hyundai Tucson led the charge during Hyundai's recent surge in popularity here in the U.S. market. Dynamic styling and a well-appointed list of features have led to sustained demand for the Tucson among used car shoppers in the red hot compact utility segment.”
Hyundai CPO vehicles earned the top honor for being backed up with a manufacturer’s warranty. In addition to the striking design, safety, technology and uncompromised workmanship found in all Hyundai vehicles, a Hyundai CPO vehicle comes fully equipped with a suite of benefits Hyundai values at more than $2,000.1
Hyundai’s CPO program includes vehicles up to five years old and with 60,000 or fewer miles. Its CPO program also includes a warranty for the remainder of the original five-year/60,000-mile bumper-to-bumper warranty and 10-year/100,000-mile powertrain warranty. Furthermore, owners have access to 10 years/unlimited miles for roadside assistance, $50 deductible for warranty repairs, and rental car and travel interruption reimbursement for covered repairs. In addition, owners can transfer the vehicle to a private-party buyer and, as an added bonus, get a three-month subscription to Sirius/XM satellite radio and a complimentary CARFAX Vehicle History Report™.
“Our certified pre-owned program offers significant value and additional protection for customers," said Derrick Hatami, Vice President of National Sales for Hyundai Motor America. "Earning third-party accolades from TrueCar and other industry analysts reinforces the strength of our CPO program and the quality of our vehicles."
The 2016 TrueCar Pre-Owned Value Awards recognize pre-owned 2014 model-year vehicles across 27 segments available for resale in 2016 that are expected to retain the highest percent of their value over the next three years. Award winners are determined through careful analysis of used vehicle performance, brand outlook and product competitiveness. To account for differences across trim levels, model averages are weighted based on percentage share relative to the entire model line.
TrueCar, Inc. (NASDAQ: TRUE) is a digital automotive marketplace that provides comprehensive pricing transparency about what other people paid for their cars and enables consumers to engage with TrueCar Certified Dealers who are committed to providing a superior purchase experience. TrueCar operates its own branded site and its nationwide network of more than 11,000 Certified Dealers also powers car-buying programs for some of the largest U.S. membership and service organizations, including USAA, AARP, American Express, AAA and Sam’s Club. Over one third of all new car buyers engage with the TrueCar network during their purchasing process. TrueCar is headquartered in Santa Monica, California, with offices in San Francisco and Austin, Texas. For more information, go to www.truecar.com. Follow us on Facebook or Twitter.
Founded in 1964 and headquartered in Santa Monica, California, with an office in Toronto, Ontario, ALG is an authority on automotive residual value projections in North America. By analyzing nearly 2,500 vehicle trims each year to assess residual value – which is mainly driven by used car inventory, brand strength, macroeconomic conditions, incentive spending and pricing – ALG provides auto industry and financial services clients with resale insights, forecasts and consulting services about the future vehicle marketplace. ALG, owned by TrueCar, Inc., the negotiation-free car buying and selling platform, has been publishing residual values for all cars, trucks and SUVs in the U.S. for over 50 years and in Canada since 1981.
HYUNDAI MOTOR AMERICA
Hyundai Motor America, headquartered in Fountain Valley, Calif., is a subsidiary of Hyundai Motor Company 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 three years 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
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1 $2,066 represents the national value of benefits included in the purchase of a Hyundai CPO vehicle, as compared with a non-certified used Hyundai.