Do Hyundais Hold Their Value? What To Know About Resale & Depreciation

in Car Costs and Prices
Hyundai parked on a country road

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When purchasing a new or used vehicle, it’s important to consider its ability to hold its value over time. This is known as resale value or depreciation, and it’s a crucial factor in determining the long-term financial impact of owning a car. Hyundai has become a popular choice among car manufacturers due to its reputation for reliability, affordability, and a growing range of models. 

However, the question remains: Do Hyundais hold their value?

For today’s post, we delve into the world of Hyundai vehicles, examining their performance regarding resale value and depreciation. Plus, we will explore Hyundai’s current performance in the used car market and determine the best and worst Hyundai models when it comes to resale value. Let’s take a look.

Do Hyundais Hold Their Value?

Hyundai, like its corporate sibling Kia, aims to establish a reputation for quality and longevity that can compete with industry leaders such as Toyota and Honda. Despite having a team of distinguished engineers and its best-in-industry warranty, these factors have not significantly impacted Hyundai’s ability to deliver long-term value.

According to MotorTrend, Hyundai is one of the worst brands in terms of retaining value, with 47.1% overall value retention. However, Hyundai is undoubtedly working on improving its vehicle’s long-term value proposition with popular models like the Tucson, Sonata, and Palisade.

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Do Hyundais hold their value? For this section, we use our handy Copilot Price Pulse Tool to analyze Hyundai’s performance in the used car market and gain insights about the vehicle’s value retention:

  • Current Price Premium: The tool indicates that there has been a significant increase in market value for Hyundai cars. You would have to pay an extra $5,645 for a Hyundai compared to the expected price, representing a 35% increase. As a result, Hyundai cars are selling for more than what was initially anticipated.
  • Average Price Trends: On average, a Hyundai car costs about $21,773 now. This is quite a bit higher than the earlier expected price of $16,128. It shows that Hyundai cars are generally worth more in the market than initially predicted.
  • Short-Term Price Stability: Hyundai car prices haven’t changed in the last 30 days. This means their prices have been stable recently, showing that the market for these cars is pretty steady and not bouncing up and down.
  • Medium-Term Price Trend: During the last three months, the prices of Hyundai cars have slightly increased by 1%. This gradual rise in prices indicates that the value of Hyundai cars in the market is growing gradually.
  • Comparison to Peak Prices: Hyundai cars reached their highest price on June 1, 2022, costing $23,288. But since that peak, their price has dropped by $1,515. This decrease might mean the prices adjust or correct themselves after hitting that high point.

Based on the results of the tool analysis, Hyundai cars have seen a significant rise in their market value, indicating they keep their value well and could be suitable for resale. The stable prices recently and a slight increase over time show that these cars are in demand in the used car market – not surprising considering Hyundai’s newfound popularity over the years.

This is good news for Hyundai owners or those thinking of buying one, as it suggests these cars could be a valuable investment over time. However, as a buyer, you’ll also have to pay extra.

ARE HYUNDAIS RELIABLE?

These days, you’ll be hard-pressed to avoid bumping into a Hyundai car and SUV on the road. If you want to buy a used Hyundai, you’re likely wondering how reliable they are. Are Hyundais reliable?

Which Hyundai Cars Have the Best and Worst Resale Value?

Like other car brands, Hyundai vehicles vary in terms of resale value, with some models retaining more of their value over time than others. The folks at iSeeCars have made an excellent breakdown of the best and worst Hyundai models based on their 5-year resale value. 

Best Resale Value

  • Hyundai Santa Cruz: Gained popularity as among the best small trucks for tall people, towing, and horsepower. iSeeCars has ranked it as the top Hyundai model for resale value and retains 64.8% of its value after the first five years.
  • Hyundai Veloster N: With its high-performance features and engaging driving experience, the Hyundai Veloster N appeals to enthusiasts. Its unique three-door design and advanced tech features add to its selling point. Retaining 63.9% of its value after five years, it’s a desirable choice in the sports car segment with a substantial resale value.
  • Hyundai Accent: Known for its reliability, fuel efficiency, and affordability, the Accent sedan appeals to budget-conscious buyers. Its compact design, comfortable interior, and modern features make it a practical choice. Plus, it has a 5-year resale value of 59.4%

Worst Resale Value (Non-Hybrid and Non-EV)

  • Hyundai Venue: The Venue is a stylish compact SUV that is perfect for city jaunting. It offers excellent fuel efficiency, a cozy interior, and user-friendly technology features. For individuals seeking a smaller, versatile vehicle for daily use, the Hyundai Venue stands out with its practicality and affordability. It was rated 56.7% for the 5-year resale value, which is still good for a compact SUV.
  • Hyundai Elantra GT: At the lower half of the list, the Elantra GT also demonstrates a less favorable resale value. As a compact car with ample cargo space, it still falls behind in retaining its value over five years.
  • Hyundai Sonata: The resale value percentage of the Hyundai Sonata after five years is 55.3%, according to iSeeCars. This lower resale value is likely due to market competition with other midsize sedans and rapid advancements in newer models.

Do Hyundais hold their value? Although several Hyundai models show a mixed performance in value retention, the brand still offers solid value retention in general. Some Hyundai models, like the Santa Cruz and Veloster N, have strong resale values, while others, such as the Sonata, depreciate more rapidly.

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