FOUNTAIN VALLEY, Calif., Dec. 5, 2018 – Hyundai’s industry-leading Certified Pre-Owned program has consistently been recognized as a top program by many well-respected third parties, and recent honors continue that tradition.
Two Hyundai vehicles, the Elantra and Veloster have been named Best CPO Value in America Award winners from Vincentric, the automotive research firm specializing in automotive cost of ownership. The Elantra won in both the Compact segment and Compact Hatchback segment, while the Veloster won in the Sports Car segment. This is the third win in a row for Veloster and the second in a row for Elantra.
Hyundai also stood out from the competition by being awarded the Best CPO program in the popular category in the 20th annual Certified Pre-Owned Car awards by IntelliChoice, a MotorTrend Group subsidiary.
“The needs of our customers are always top of mind, which is why we consistently deliver vehicles like the Elantra and the Veloster, both with a low cost-of-ownership without compromising outstanding performance and value,” said Tom Love, senior group manager, Retail Operations, Hyundai Motor America. “Hyundai is committed to providing long-term quality at every touch point, which results in customers continuing to select Hyundai Certified Pre-Owned vehicles.”
The Vincentric Best CPO Value in America Awards are based on eight different cost factors: depreciation, fees & taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs. The winners are chosen by measuring which vehicles had lower–than-expected ownership costs based on their market segments and prices.
IntelliChoice evaluates manufacturers' certified pre-owned vehicle programs in nine areas: warranty coverage, inspection criteria, title verification, roadside assistance, special financing, return and exchange policies, dealer compliance, used cost of ownership, and market penetration. This year a total of 24 manufacturer-backed programs were evaluated and segmented into two different categories: Premium and Popular, with 12 brands in each.
Hyundai’s award winning Certified Pre-Owned program includes the following benefits:
For more information and full warranty coverage details visit the Hyundai CPO Program page.
Vincentric provides data, knowledge, and insight to the automotive industry by identifying and applying the many aspects of automotive value. Vincentric data is used by organizations such as AOL, Business Fleet Magazine, Cars.com, Chevrolet, Mercedes-Benz, and Toyota as a means of providing automotive insight to their clientele. Vincentric, LLC is a privately held automotive data compilation and analysis firm headquartered in Bingham Farms, Michigan.
IntelliChoice, part of the MotorTrend Group, is the market leader in automotive ownership cost and car value analysis. Founded in 1986, IntelliChoice is committed to empowering consumers to make better purchase decisions by providing independent and essential automotive information and tools. Through the motortrend.com website, consumers can research, compare, and price new cars and the cost of ownership.
Hyundai Motor America
Hyundai Motor America is focused on delivering an outstanding customer experience grounded in design leadership, engineering excellence and exceptional value in every vehicle we sell. Hyundai’s technology-rich product lineup of cars, SUVs and alternative-powered electric and fuel cell vehicles is backed by Hyundai Assurance—our promise to deliver peace of mind to our customers. Hyundai vehicles are sold and serviced through more than 830 dealerships nationwide, and the majority sold in the U.S. are built at U.S. manufacturing facilities, including Hyundai Motor Manufacturing Alabama. Hyundai Motor America is headquartered in Fountain Valley, California, and is a subsidiary of Hyundai Motor Company of Korea.
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