Hyundai, Kia Resale Values to Weather Storm of Fuel Economy Blunder: Experts - Hyundai Elantra Forum
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post #1 of 2 (permalink) Old 11-08-2012, 11:48 AM Thread Starter
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Hyundai, Kia Resale Values to Weather Storm of Fuel Economy Blunder: Experts



Last week Hyundai and Kia made an embarrassing confession; they’ve been overstating the fuel efficiency of their vehicles for the past three years. This miscalculation includes most of the models in both of their lineups. To make things right the South Korean automakers are readjusting the numbers and reimbursing customers. That should help rebuild trust but there could be more fallout from the blunder. Has the resale value of their vehicles been affected?

“If there is an impact it’s likely to be on the smaller side, like 1 percent, but it’s entirely possible it will have no impact at all,” said Eric Ibara, Director of Residual Value Consulting at Kelly Blue Book, one of the world’s largest vehicle valuation companies.

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post #2 of 2 (permalink) Old 11-08-2012, 11:35 PM
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at least they confessed, i doubt this made much of an impact on how people view these brands. they deliver amazing cars that turned out to have mpg ratings off by a couple digits....big deal.



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