2011 Hyundai Sonata Tops ALG Residual Value Index
Hyundai has a new reason to be proud, as its 2011 Sonata GLS with automatic transmission received a 36-month residual value of 54 percent of manufacturer's suggested retail price (MSRP) from Automotive Lease Guide (ALG). Sonata had the best residual value, topping important competitors like Toyota, Nissan, Ford, and Chevrolet, or even premium brands such as Lexus, BMW and Mercedes.
The Korean model had better residual values than Honda, depreciating $640 over a three-year period less than a comparably-equipped 2010 Accord. A 2011 Sonata equipped with a 2.4-liter engine producing 198 horsepower and a six-speed manual transmission has a starting price of $19,195, while a fully-equipped Sonata Limited with a navigation package and six-speed automatic transmission costs $27,395. The model is built at Hyundai Motor Manufacturing Alabama.
"Hyundai's model lineup continues to evolve and the completely redesigned 2011 Sonata punctuates the tremendous evolution in Hyundai performance, design, safety and quality," said Troy Saito, manager of pricing management, Hyundai Motor America. "Strong residual value has become another element in Hyundai's overall value equation, reducing the overall cost of ownership and allowing us to offer strong lease options to our customers."