When it comes to the resale value of a car, one of the most important factors that will determine its worth is the make and model. Hyundai vehicles have been known for their reliability and dependability since the company first began manufacturing vehicles in 1967. In recent years, they have become increasingly popular, with many people looking to purchase a new or used Hyundai for their next car. So, do Hyundai’s hold their value?
Hyundai vehicles typically do very well in terms of resale value. According to the NADA Used Car Guide, Hyundai models have some of the highest resale values in the industry, with an average of 70 percent to 80 percent of the original sticker price for a three-year-old vehicle. This is higher than the average resale value for many other brands, such as Ford, Chevrolet, and Toyota.
The type of Hyundai you own will also affect the resale value. Models such as the Sonata, Elantra, and Tucson have some of the highest resale values in the Hyundai lineup. On the other hand, the Accent and Veloster have lower resale values than the other models. This is due to the fact that they are usually smaller and less expensive vehicles. Additionally, the condition of the car and the mileage it has on it will also affect the resale value.
Overall, Hyundai vehicles tend to hold their value well. As long as it is kept in good condition and regularly serviced, a Hyundai should retain a reasonably high resale value. This makes them an excellent choice for people who want to purchase a reliable and dependable vehicle that will last for years to come.
How Does The Value Of Hyundai Cars Compare To Other Brands?
The value of Hyundai cars is competitive with many of the top brands on the market. For example, a 2019 Hyundai Kona has a Manufacturer Suggested Retail Price (MSRP) of $19,500, while a comparable Honda CR-V has an MSRP of $24,350. Hyundai cars may also cost less to maintain and repair than other brands, with car owners reporting average repair and maintenance costs below the national average for other vehicles.
Hyundai cars may hold their value better than other cars in their class. A 2017 Hyundai Tucson, for example, had an estimated resale value of $16,819 after three years of ownership, while a comparable Nissan Rogue had an estimated resale value of $15,715 after three years of ownership.
Hyundai cars come with a variety of features that make them attractive to car owners. Hyundai cars are often equipped with high-tech safety features, such as blind spot monitoring systems and adaptive cruise control, that can help keep drivers and passengers safe. Hyundai cars also come with a variety of infotainment features, such as Apple CarPlay and Android Auto, that can help keep drivers connected and entertained on the road.
Hyundai also offers an industry-leading warranty on all of its vehicles. Hyundai cars come with a 10-year/100,000-mile powertrain warranty and a 5-year/60,000-mile new vehicle limited warranty, giving car owners peace of mind that their cars will be covered for years to come.
In general, Hyundai cars provide good value for the money, with competitive prices, excellent features, and strong warranties that help them hold their value over time. Below is a comparison of Hyundai cars and other brands.
| Brand | MSRP | 3-Year Resale Value |
|---|---|---|
| Hyundai | $19,500 | $16,819 |
| Honda | $24,350 | $18,756 |
| Toyota | $25,550 | $20,027 |
| Nissan | $20,635 | $15,715 |
When shopping for a car, it’s important to compare prices, features, and resale values to ensure that you are getting the best value for your money. Hyundai cars offer great value for the money, and may be a good option for car buyers looking for an affordable, reliable car that will hold its value over time.
What Factors Impact The Resale Value Of Hyundai Vehicles?
When it comes to buying a new car, many people consider resale value to be a major factor in their decision-making process. So, if you’re considering a Hyundai vehicle, you may be wondering “Do Hyundai’s hold their value?”
The answer to that question depends on a variety of factors, and understanding what they are can help you make a better decision when shopping for a Hyundai. The most important factors are:
- Model
- Age
- Condition
- Mileage
- Location/Demand
The model of Hyundai you choose, will obviously have an impact on resale value. Generally speaking, luxury models tend to hold their value better than economy models – but this can vary from year to year depending on factors such as demand.
The age of the car is a major factor in resale value. In general, the newer the model year, the better the resale value. That said, cars that are only a couple of years old don’t tend to depreciate as quickly as older models.
The condition of the car is also an important factor. Regular maintenance and keeping up with any repairs can help keep a car in better condition, which will usually translate into a higher resale value.
Finally, the mileage and location of a car can also have a major impact on resale value. Generally speaking, the lower the mileage, the better. Similarly, cars in certain parts of the country may hold their value better due to higher local demand.
In general, Hyundai vehicles tend to hold their value quite well, particularly when compared to many other makes and models. The table below provides an overview of Hyundai’s resale value compared to other car manufacturers:
| Manufacturer | Average Resale Value |
|---|---|
| Hyundai | 62.4% |
| Honda | 62.5% |
| Toyota | 61.8% |
| Nissan | 60.8% |
| Ford | 57.8% |
As you can see, Hyundai vehicles hold their value quite well. However, it’s important to remember that the factors mentioned above can all have an impact on the resale value of your vehicle, so it’s important to keep them in mind when shopping for a new car.
Several factors should be kept in mind when determining the value of a Hyundai, such as its age, condition, and features.
Hyundai’s can typically hold their value for several years, depending on the type of model and how well it was maintained.
Used Hyundai’s can still hold their value, depending on the age, condition, and features of the car.
Hyundai’s are known for being reliable vehicles with long-lasting parts and good fuel economy.
Hyundai’s can be good investments, as they can hold their value over time and provide a reliable ride.
The resale value of a Hyundai will depend on the model, age, condition, and features of the car.
Hyundai’s typically have low maintenance costs compared to other vehicles.
Factors such as age, condition, features, and mileage can affect the value of a Hyundai.
Hyundai’s should be serviced every 6 months or as recommended by the manufacturer.
Used Hyundai’s can usually be purchased at a reasonable price, depending on the model and condition of the car.
