COSTA MESA, Calif., Feb. 5, 2013 – Three Hyundai models, the 2013 Veloster, 2013 Veloster Turbo, and 2013 Sonata, received Kelley Blue Book’s KBB.com’s coveted “5-Year Cost to Own Award.” Each vehicle was found to have the lowest cost of ownership over the initial 5-year ownership period, compared to any other car in their category. The 2013 Veloster won in the Compact Car Segment, the 2013 Veloster Turbo took first place in the Sporty Compact category, and 2013 Sonata bested competitors such as the Honda Accord and Toyota Camry to take the top spot in the Mid-Size Car segment. The awards will be presented to Hyundai at the 2013 Chicago Auto Show on February 7.
“The 5-Year Cost to Own Awards honor the vehicles and brands, both luxury and non-luxury, with the lowest projected ownership costs,” said Dan Ingle, vice president of vehicle valuations for Kelley Blue Book. “Highly competitive pricing and lower depreciation costs provide Hyundai’s vehicle line-up with a notable advantage. Coupled with impressive fuel economy and affordable insurance rates, it is no surprise that Hyundai is taking this honor in multiple vehicle segments.”
Kelley Blue Book’s 5-Year Cost to Own Award accounts for nearly all expenses of car ownership, including depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and state fees for new models. The awards exist to help shoppers make more informed new-car buying decisions by breaking down typical ownership cost details and naming the brands and models with the lower projected five-year total.
“Low cost of ownership is one area in which Hyundai strives to be industry-leading,” said Scott Margason, director, Product Planning, Hyundai Motor America. “Receiving these awards from KBB.com showcases our ability to cater to the varying dynamics of our customers. Regardless of which vehicle our customers choose – a trendy and ergonomic Veloster, a sport-focused Veloster Turbo, or a family-oriented and user-friendly Sonata – value for money and low cost to own are truly characteristic of the Hyundai ownership experience.”
For more information about Kelley Blue Book’s 5-Year Cost to Own Awards, visit http://www.kbb.com/car-reviews-and-news/top-10/5-year-cost-to-own-awards-2013.
ABOUT KELLEY BLUE BOOK (WWW.KBB.COM)
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 industry. Each week the company provides the most market-reflective values in the industry on its top-rated website www.kbb.com, including its famous Blue Book® Trade-In and Suggested Retail Values and Fair Purchase Price, which reports what others are paying for new 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 as well as governmental agencies. KBB.com provides consumer pricing and information on cars for sale, minivans, pickup trucks, sedan, hybrids, electric cars, and SUVs. Kelley Blue Book Co., Inc. is a wholly owned subsidiary of AutoTrader Group.
HYUNDAI MOTOR AMERICA
Hyundai Motor America, headquartered in Costa Mesa, 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 warranty, Hyundai’s 10-year/100,000-mile powertrain warranty, and five years of complimentary Roadside Assistance.