Hyundai cars win awards in the USA
Hyundai is very happy to announce that its Veloster and Santa Fe have won their categories in the 2014 Vincentric Best CPO (Certified Pre-Owned) Value in the United States. Hyundai's three-door sporty coupe won in the subcompact coupe segment, while Santa Fe beat out all other CUV competitors in the mid-size crossover category.
"Hyundai's CPO program gives customers an added level of comfort, satisfaction and peace of mind in their vehicle purchase," said Steve Flood, director, Sales Planning and Retail Operations, Hyundai Motor America. "By selecting a Hyundai CPO vehicle, consumers receive USD 2,066 of added value over a comparable non-certified used Hyundai. Veloster and Santa Fe are both excellent vehicles offering stylish design and functionality for different lifestyles, and as these awards show, great value."
The Vincentric awards are vehicle-specific honors that find the best value certified pre-owned model in each segment. By using statistical analyses the company identifies the Vincentric Best CPO Value in America winners by determining which vehicles have lower than expected ownership costs given their market segment and price.
Vincentric measures cost of ownership using eight different cost factors: depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs. Each CPO vehicle was evaluated in all 50 states plus D.C. assuming each has been driven 15,000 miles (24,000 km) per year, with the expectation that they will be driven an additional 15,000 miles (24,000 km) per year over the coming five years.
The Hyundai Certified Pre-Owned program includes 10-year/100,000-mile CPO Powertrain Limited Warranty from the original in-service date and zero (0) miles, 150-point inspection, 10-year/Unlimited Mileage Roadside assistance from the original in-service date, rental car reimbursement (up to USD 35/day for up to 10 days per occurrence), towing coverage to the nearest Hyundai dealership, travel breakdown reimbursement (for breakdowns more than 150 miles from home, up to USD 100 per day, USD 500 per occurrence), 90 days of no-charge SiriusXM® satellite radio (for vehicles equipped with SiriusXM®) and complimentary CARFAX® Vehicle History Reports™.