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Hyundai Resale Value: These Models Lose the Least After 5 Years
Hyundai has evolved from a budget brand into a tech-forward company. How has this affected resale values of its used models?
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Top 2021 models--Elantra, Tucson, Kona, Palisade, Santa Fe--retain value well after five years.
Hyundai has evolved from a budget-focused brand into a leader in cutting-edge design and electrification tech. In the process it has pivoted its U.S. lineup toward premium SUVs like the Palisade and introduced a dedicated family of electric vehicles that offer class-leading performance and styling.
This has all helped Hyundai increase its U.S. market share year-on-year, and this has positively impacted the resale values of its models as well. Strong residuals mean lower lease payments and more money back in your pocket come resale time if you have bought the vehicle outright. That's why resale values have a huge impact on the true overall cost of ownership.
To see whether consumers are as eager to buy a used Hyundai as a new one, we used the latest data from Kelley Blue Book to analyze the resale value performance of 2021 MY Hyundai models and see which ones are holding onto their value best after nearly five years on the road. New prices listed below are based on the 2021 entry level trim. These are the top five performers:
Hyundai Elantra
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2021 Original MSRP: $19,650
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Current Average Values: $13,550
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Percentage Drop: 31.0%
Redesigned for the 2021 model year, the Elantra saw a significant jump in its resale performance compared to previous generations. KBB places the 2021 Elantra in the top 10--25% for depreciation among all sedans. The Hybrid Blue and SEL Hybrid trims are the stars here; with fuel economy reaching up to 54 mpg, these models often command a premium on the used market as gas prices continue to rise. The striking exterior design has aged well too, although the facelifted models have toned down the rather aggressive front-end styling. With a new base 2026 Elantra starting at $25,450 before taxes, a used example makes a lot of sense to many motorists on a budget.
Continue reading HERE!
https://www.autoblog.com/features/hyundai-resale-value-these-models-lose-the-least-after-5-years
Source: autoblog.com
Author: John Tallodi
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