Kia Sorento Gains Residual Value
The model thus grew 10 points in the ALG index, to 58 percent of original manufacturer's suggested retail price (MSRP) for 36 months of ownership. The increase is owed, says Kia, to the new 2.4l engine, which is proving to be a preferred choice among Americans. Demand for the model in the States has outpaced expectations, as the automaker says, without providing any numbers, other than the ones already known from last month.
"With gas prices above $4 per gallon in many parts of the country, fuel economy has become an even more important element in consumers' decision-making process when considering a new car, and the Kia Sorento's all-new GDI engine delivers increased horsepower, lower emissions and outstanding fuel efficiency by achieving up to 32 miles per gallon on the highway," said Tom Loveless, vice president, sales at Kia Motors.
"Kia's value proposition has never been stronger, and with Sorento's high residual value rating by ALG, buyers can benefit from higher resale values and excellent leasing options."
In the US, pricing for the new model year of the Sorento begins at $21,250 for the base trim. For that money, customers get, as standard, air conditioning, power windows, door locks and mirrors, SiriusXM Satellite Radio capability with three-month complimentary service, Bluetooth 8 wireless technology and MP3 connectivity.