Hyundai Kona Dominates ALG Residual Value Rankings Once Again in 2024

Hyundai Auto Canada has announced that the Hyundai Kona has been awarded the "Best Residual Value Among Micro SUVs" by J.D. Power, marking the fourth consecutive year the model has received this distinction. The award is part of the 2024 Canada ALG Residual Value Awards, which assesses vehicles based on their projected retained value over time. This recognition highlights the Hyundai Kona's enduring appeal and financial wisdom for consumers, emphasizing its leading position in the subcompact SUV segment.

The ALG Residual Value Awards are determined by analyzing various factors, including vehicle performance in the used market, brand strength, and competitive positioning. The Hyundai Kona stood out among 298 model lines across 28 segments, demonstrating superior value retention after four years for mass market vehicles. This achievement underscores Hyundai's commitment to quality, innovation, and customer satisfaction.

Michael Ricciuto, Hyundai Auto Canada's director of product and corporate strategy, expressed pride in the Kona's consistent recognition for its quality and competitive resale value. The 2024 model year introduces a more practical and technology-focused Kona, maintaining its position as a top choice for consumers.

The redesigned 2024 Hyundai Kona offers significant enhancements, including increased interior space, advanced safety features, and a choice between gasoline and fully electric powertrains. The Kona Electric variant boasts a 420-kilometer range, setting a new standard for eco-friendly driving without sacrificing performance.

Since its introduction in 2018, the Hyundai Kona has dominated its class, achieving top sales and becoming one of Hyundai's most popular models in Canada. With over 146,000 units sold, including 27,037 Kona Electric models, the Kona's success is a testament to Hyundai's ability to meet consumer demands for efficient, reliable, and value-driven vehicles.