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CHICAGO, Ill., February 6, 2020 – The 2020 #hyundai #elantra, #santafe and #venue are all recipients of the 2020 #kelleybluebook 5-Year Cost to Own Award for the compact car, mid-size 2-row crossover and subcompact crossover segments, respectively. The awards were presented at the 2020 Chicago #auto Show.
From left to right – Eric Ibara, director, 5-Year Cost to Own, #kelleybluebook; Connie Lau, analyst, residual and industry forecasting, #kelleybluebook; Angela Zepeda, Chief Marketing Officer, #hyundai Motor America; Steve Lind, vice president, enterprise media solutions, Cox Automotive
The lowest-projected ownership costs of new vehicles and brands are based on Kelley Blue Book’s 5-Year Cost-to-Own data for new cars for the initial five-year ownership period. This data takes into consideration seven factors: depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and state fees.
“We take great pride in having three of our 2020 models receive Kelley Blue Book’s 5-Year Cost to Own Award,” said Scott Margason, director, Product Planning, #hyundai Motor America. “At #hyundai, all of our products are focused on providing excellent customer value. That means making great products that are great to live with, and having a low cost of ownership can make a big difference for many of our customers.”
The #kelleybluebook 5-Year Cost to Own Awards help shoppers make more informed new-car buying decisions by breaking down typical ownership cost details and naming the brands and models with the lowest projected five-year total.
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