LOS ANGELES, Nov. 20, 2014 /PRNewswire/
-- Hyundai's all-new Genesis took the top spot in ALG's
Residual Value Awards for the Premium Full-Size Car segment.
The 2015 Genesis is projected to retain the highest
percentage of its original price after the typical ownership period
of three years compared to competing models.
"Depreciation is oftentimes the greatest expense when it comes
to a vehicle purchase and we aimed to deliver the all-new Genesis
to our customers with exceptional value," said Mike O'Brien, vice president of corporate and
product planning, Hyundai Motor America. "Earning the ALG Residual
Value Award is another proof point that Genesis and Hyundai's
premium strategy is paying off with customers."
ALG Residual Value Awards are based on 2015 model year vehicles.
Award winners are determined through careful study of the
competition in each segment, historical vehicle performance and
industry trends. Vehicle quality, production levels relative to
demand, and pricing and marketing strategies represent key factors
that impact ALG's residual value forecasts. Hyundai was also
honored in the 2013 ALG Residual Value Awards for the Santa Fe
Sport and Accent, and in 2012 for the Santa Fe Sport, Azera and
Elantra, attesting the continued value of Hyundai models.
"Hyundai is becoming a legitimate player in the luxury market
with the Genesis," said Larry
Dominique, president of ALG. "Not only is it a great
value on the showroom floor, but with the model's first Residual
Value Award, this new generation should be quite desirable on the
used market as well."
In addition to earning an ALG Residual Value Award this year,
the 2015 Genesis was recently named to the prestigious North
American Car of the Year short list, where the winners will be
announced at the upcoming North American International Auto Show in
Detroit. The 2015 Genesis was also
recognized as a Top Safety Pick+ from the Insurance Institute for
Highway Safety, Editors' Choice from PC Mag.com, the Car of
Texas from the Texas Auto Writers
Association, and Top Family Choice from the Greater Atlanta
Automotive Media Association.
Representing a bold step forward for Hyundai, the 2015 Genesis
is all-new inside and out with a host of premium features and
improved dynamics. Riding on a completely revamped platform, the
sedan is stiffer and stronger than before. A suite of advanced
assistance features such as Rear Cross-traffic Alert, Lane Change
Assist, Blind-Spot Detection and Smart Cruise Control are offered.
Two engine options are available: a 311 horsepower 3.8 liter V6 and
a 420 horsepower 5.0 liter V8, while an advanced HTRAC AWD system
is available for the first time on a Hyundai passenger car. With
base pricing starting at $38,000, a
true blend of premium value, safety, bold design and superb driving
dynamics can be had with the 2015 Hyundai Genesis.
ABOUT ALG
Founded in 1964 and headquartered in
Santa Barbara, 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 50 years and in
Canada since 1981. The 2015
Residual Value Awards, honoring new vehicles projected to best
maintain their value, will be announced Nov.
17. For more information, visit www.alg.com.
ABOUT TRUECAR
TrueCar, Inc. (NASDAQ: TRUE) is the
negotiation-free car buying and selling platform. TrueCar enables a
negotiation-free car buying experience by giving buyers transparent
insight into what others actually paid (price confidence), upfront
pricing information (price discovery), and access to a network of
trusted TrueCar Certified Dealers who provide guaranteed savings
certificates and seamlessly complete the car purchase. The reality
is that buying a car is painful and buyers fear they are going to
overpay or be surprised with hidden fees. TrueCar's transparent
upfront pricing information makes the car buying process simple so
there are no surprises and buyers never overpay. TrueCar's mission
is to make car buying simple, fair and fun. Its national network of
more than 9,000 TrueCar Certified Dealers, including both new car
franchise dealers and non-franchise dealers, is committed to
providing negotiation-free savings off MSRP and upfront pricing
information for all car-buyers, including members of some of the
country's largest membership and service organizations such as
AARP, American Express, AAA, and USAA. Note: Not all program
features are available in all states. Go to www.truecar.com for
program details. TrueCar is headquartered in Santa Monica, Calif., with offices in
Santa Barbara, Calif.,
San Francisco, Calif., and
Austin, Texas.
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 820 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.
For more details on Hyundai Assurance, please visit
www.HyundaiAssurance.com
Please visit our media website at www.hyundainews.com and our
blog at www.hyundailikesunday.com
Hyundai Motor America on Twitter | YouTube | Facebook
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SOURCE Hyundai Motor America