Hyundai Phases Out Guaranteed Trade In Values After Residuals Top The Industry

Hyundai has stopped guaranteeing trade-in values for most of its nameplates.

Under the program, launched May 1, Hyundai agreed to pay fixed sums to buyers of new Hyundai vehicles when the buyers traded in those vehicles three or four years later.

The program sought to erase the perception that Hyundai vehicles depreciated faster than competing vehicles.

SteedPub - 2/29/2012 12:00:56 PM

+4 Boost

The company is getting to a point where it does not need to go the extra mile to prove anything.

pepito66 - 2/29/2012 12:16:18 PM

+3 Boost

Ha ha ha embarrassing.....

pepito66 - 2/29/2012 12:18:58 PM

+3 Boost

They want to eliminate all craps that is on the street now , is a real prove that they don't have a significant past no presents and will see about the future.

knowitall1985 - 3/1/2012 10:34:05 AM

+3 Boost

The high residuals are supplied by hoon-day financial services. Not actual resale value. They will fail when these expensive cars go to auction.....