Do Hyundai Cars Hold Their Value? What You Need To Know

Hyundai is a South Korean car manufacturer that has become popular for its reliability, affordability, and variety of models.

 

However, when buying a new or used car, one of the important factors to consider is how well it retains its value over time.

Hyundai Elantra
Hyundai Elantra | Motor Hub

This is known as depreciation, and it affects the long-term cost of owning a car.

So, do Hyundai cars hold their value?

How do they compare with other brands?

And what are the best and worst Hyundai models in terms of resale value

In this article, we will answer these questions and provide some tips on how to slow down your Hyundai’s depreciation.

Hyundai’s Depreciation Rate

According to MotorTrend, Hyundai is one of the worst brands in terms of retaining value, with 47.1% overall value retention.

This means that the average Hyundai car loses more than half of its original value after five years of ownership.

However, this is not far from the industry average, which is around 50-60%.

Moreover, Hyundai is working on improving its long-term value proposition with popular models like the Tucson, Sonata, and Palisade.

The depreciation rate of a car depends on many factors, such as the model, the year, the mileage, the condition, the demand, and the supply.

Some Hyundai models depreciate faster than others, and some may even appreciate in value over time.

Therefore, it is important to look at the specific model you are interested in before making a purchase decision.

Hyundai’s Performance in the Used Car Market

To get a better idea of how Hyundai cars hold their value, we can look at their performance in the used car market.

sonata
Hyundai Sonata | Headquarter Hyundai

Using the CoPilot Price Pulse Tool, we can analyze the current price trends and stability of Hyundai cars.

Here are some of the insights we can get from the tool:

1.Current Price Premium

The tool indicates that there has been a significant increase in market value for Hyundai cars.

You would have to pay an extra $5,645 for a Hyundai compared to the expected price, representing a 35% increase.

As a result, Hyundai cars are selling for more than what was initially anticipated.

2.Average Price Trends

On average, a Hyundai car costs about $21,773 now. This is quite a bit higher than the earlier expected price of $16,128.

It shows that Hyundai cars are generally worth more in the market than initially predicted.

3.Short-Term Price Stability

Hyundai car prices haven’t changed in the last 30 days.

This means their prices have been stable recently, showing that the market for these cars is pretty steady and not bouncing up and down.

These trends suggest that Hyundai cars are in high demand and low supply in the used car market, which drives up their prices and value.

However, this may also mean that it is harder to find a good deal on a Hyundai car, and you may have to pay more than you expected.

The Best and Worst Hyundai Models for Resale Value

Not all Hyundai models are created equal when it comes to resale value.

Some models depreciate faster than others, and some may even appreciate in value over time.

To help you choose the best Hyundai model for your budget and needs, we have compiled a list of the best and worst Hyundai models for resale value, based on data from YourGreatCar.com.

The Best Hyundai Models for Resale Value

1.Hyundai IONIQ

The Hyundai IONIQ is a hybrid car that offers excellent fuel efficiency, spacious interior, and advanced technology.

It is one of the best Hyundai models for resale value, as it retains 71.6% of its value after five years of ownership.

This is well above the industry average and the Hyundai average.

The IONIQ is a great choice for eco-conscious drivers who want to save money on gas and maintenance.

2.Hyundai Kona

The Hyundai Kona is a subcompact SUV that offers a sporty performance, a stylish design, and a versatile cargo space.

It is another Hyundai model that holds its value well, as it retains 69.9% of its value after five years of ownership.

This is also above the industry average and the Hyundai average.

The Worst Hyundai Models for Resale Value

1.Hyundai Accent

The Hyundai Accent is a subcompact car that offers a low price, a decent performance, and a simple interior.

It is one of the worst Hyundai models for resale value, as it retains only 45.4% of its value after five years of ownership.

This is well below the industry average and the Hyundai average.

The Accent is a cheap and cheerful car that may suit drivers who are on a tight budget and don’t care much about features or style.

2.Hyundai Sonata

The Hyundai Sonata is a midsize sedan that offers a smooth ride, a spacious cabin, and a generous warranty.

It is another Hyundai model that loses its value quickly, as it retains only 43.1% of its value after five years of ownership.

This is also well below the industry average and the Hyundai average.

The Sonata is a comfortable and reliable car that may suit drivers who want a family-friendly and hassle-free car.

3.Hyundai Tucson

The Hyundai Tucson is a compact SUV that offers a quiet ride, a user-friendly infotainment system, and a good safety rating.

It is the third Hyundai model that depreciates fast, as it retains only 39.9% of its value after five years of ownership.

This is the lowest among all Hyundai models and well below the industry average and the Hyundai average.

The Tucson is a decent and dependable car that may suit drivers who want a basic and safe SUV.

Conclusion

Hyundai cars are not the best when it comes to holding their value, as they tend to depreciate faster than the industry average.

However, this does not mean that they are bad cars or bad investments.

Hyundai cars offer many advantages, such as reliability, affordability, variety, and warranty, that can outweigh the depreciation factor.

Moreover, Hyundai cars are performing well in the used car market, as they are in high demand and low supply, which drives up their prices and value.

Furthermore, there are some Hyundai models that hold their value better than others, such as the IONIQ, the Kona, and the Veloster.

 

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