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.
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