Kelly Blue Book (KBB) has just announced the winner of its tenth annual KBB 5-Year Cost to Own Awards. Hyundai is proud to announce that both the Hyundai Venue and Hyundai Elantra are the winners of their respective segments. This marks the 2nd year in a row that the Hyundai Elantra has been awarded this honor. The KBB 5-Year Cost to Own Awards recognize new vehicles with the lowest projected ownership costs over the initial five-year period of ownership. Beyond the initial purchase price, shoppers need to consider fuel costs, insurance, scheduled maintenance and warranty coverage when choosing the right vehicle for them.
“Listening to customer data has allowed us to deliver products that meet consumer needs while also providing superior financial benefit. The Elantra and Venue’s being awarded by KBB to their annual 5-Year Cost to Own, reinforces our commitment in successfully addressing the full cost of vehicle ownership experience,”
said Ricky Lao, director, Product Planning, Hyundai Motor North America.
Beyond Hyundai’s commitment to affordable vehicle pricing and industry leading residual value, what really set it apart from the competition is Hyundai’s America’s Best Warranty, and Hyundai’s No Charge Complimentary Maintenance. This combination of coverage means you have complete peace of mind even 10 years down the line while not having to pay for scheduled maintenance in the first 3 years of ownership.
“In a very hotly contested segment where the winning margin was less than $100, the Elantra earned Kelley Blue Book’s 5-Year Cost to Own Award through its superior fuel economy and significantly lower repair costs,”
said Eric Ibara, director of residual values for Kelley Blue Book.
“In only its second year, the Venue wins in the Subcompact SUV/Crossover category for having low costs in every category, but especially for its expected low repair costs.”
Stay posted to the Spokane Hyundai Blog for more information on the award winning 2021 lineup of Hyundai vehicles.