Hyundai Kona Electric Wins J.D. Power 2025 U.S. ALG Best-In-Class Residual Value Award

News provided by

Nov 19, 2024, 08:05 ET

Compact all-electric model victorious in J.D. Power's newly introduced mainstream EV SUV segment
2025 Hyundai Santa Fe SUV and IONIQ 6 sedan ranked second in their segments
J.D. Power ALG Residual Value Awards recognize vehicles projected to retain the highest resale value in their segment over three years
Residual values are a key purchase consideration and total ownership cost factor

FOUNTAIN VALLEY, Calif., Nov. 19, 2024 /PRNewswire/ -- Today, Hyundai Motor America announced that the 2025 Hyundai Kona Electric has earned a J.D. Power 2025 Best-in-Class Residual Value Award in the program's newly introduced Mainstream EV SUV segment. Additionally, the 2025 Hyundai Santa Fe and IONIQ 6 performed well, ranking second in their respective categories. These annual awards honor the new vehicles expected to retain the highest percentage of their original manufacturer's suggested retail price (MSRP) over three years, which is essential for determining lease costs, overall vehicle value and total ownership cost.

The Kona Electric is photographed near Yucca Valley, Calif., on Mar. 15, 2023.

The Hyundai Santa Fe is photographed in Franklin, Tenn., on November 9, 2023.

The Hyundai IONIQ 6 is photographed in Scottsdale, Ariz., on March 28, 2023.

"At a time when affordability and low cost of ownership matter more than ever, this JD Power Residual Value Award underscores our commitment to delivering high-quality, desirable vehicles that meet the needs of our customers", says Olabisi Boyle, senior vice president, product planning and mobility strategy, Hyundai Motor North America. "This honor reflects that listening to our customers helps us create standout vehicles in a competitive market. The Kona Electric is a great blend of style, performance, and long-term value."

2025 Hyundai Kona Electric: Recognized as Best-In-Class in the award program's newly established Mainstream EV SUV segment, Kona Electric delivers advanced electric performance and innovative design that meets the evolving needs of consumers in a smart, attainable package.

2025 Hyundai Santa Fe: Ranked second in the midsize SUV 3-row segment, underscoring the boldly styled SUV's retained value after three years of ownership.

2025 Hyundai IONIQ 6: Ranked second in its mass-market electric vehicle category, this sleek, long-range sedan demonstrates Hyundai's commitment to delivering desirable, high-quality electric vehicles.

With rising new- and used-vehicle prices, residual value has become increasingly important to consumers, influencing total cost of vehicle ownership and lease affordability. Hyundai's strong performance in these segments highlights its relentless dedication to delivering attractive, high-quality, products.

J.D. Power 2025 U.S. ALG Residual Value Awards
The J.D. Power ALG Residual Value Awards honor the brands and models projected to retain the highest percentage of their original manufacturer's suggested retail price (MSRP) over three years. These awards serve as an industry benchmark for understanding projected resale value, a critical factor in determining lease costs and overall vehicle value retention. The 2025 award process evaluated 293 models across various segments based on used vehicle performance, brand outlook, and product competitiveness.

About J.D. Power
J.D. Power is a global leader in automotive data analytics and provides industry intelligence, consumer insights, and advisory solutions to the automotive industry and selected non-automotive industries. J.D. Power leverages its extensive proprietary datasets and software capabilities combined with advanced analytics and artificial intelligence tools to help its clients optimize business performance. J.D. Power was founded in 1968 and has offices in North America, Europe and Asia Pacific. To learn more about the company's business offerings, visit JDPower.com/business. The J.D. Power auto-shopping tool can be found at JDPower.com.

Hyundai Motor America
Hyundai Motor America offers U.S. consumers a technology-rich lineup of cars, SUVs, and electrified vehicles, while supporting Hyundai Motor Company's Progress for Humanity vision. Hyundai has significant operations in the U.S., including its North American headquarters in California, the Hyundai Motor Manufacturing Alabama assembly plant, the all-new Hyundai Motor Group Metaplant America, and several cutting-edge R&D facilities. These operations, combined with those of Hyundai's 835 independent dealers, contribute $20.1 billion annually and 190,000 jobs to the U.S. economy, according to a recent economic impact report. For more information, visit www.hyundainews.com.