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.”