Hyundai Motor Company’s Santa Fe has been named best Midsize Utility Vehicle in the North American ALG Residual Value Awards for the second year in succession, while the Korean company’s Accent once again topped the rankings in the Subcompact Car Segment, repeating its 2012 feat.
ALG’s influential annual Residual Value Awards cover the whole of North America and recognise the vehicles that are predicted to retain the highest residual value percentage of their original price after a conventional three-year ownership period.
ALG is widely recognised as the North American car industry benchmark for residual values and depreciation data, and the awards recognize those brands that are committed to improving residuals by delivering superior products to customers.
The latest in a string of award wins for Hyundai from across the world will once again provide Middle East consumers with further confidence in the increasingly popular Korean brand, and reinforce Hyundai’s reputation in the region. With the residual value of a car reflecting how well a model holds its value, the ALG award is a clear indication that consumers and experts alike recognise the high levels of quality offered by the Santa Fe and Accent.
Tom Lee, Vice President and Head of Hyundai Africa and Middle East Headquarters, said: “Winning these awards for a second successive year is testament to Hyundai’s commitment to building vehicles of superior quality to its competitors, in line with our ‘Modern Premium’ brand direction. The Santa Fe and Accent are both popular models, and accolades such as these from around the world will further boost customer confidence in the quality of Hyundai models in the market.”