Hyundai, Kia Resale Values to Weather Storm of Fuel Economy Blunder: Experts - Kia K900 Forum
 
LinkBack Thread Tools
post #1 of 3 Old 11-08-2012, 11:51 AM Thread Starter
Sponsored Editorial Content
 
Join Date: Sep 2012
Posts: 10
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Default 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.

More: Hyundai, Kia Resale Values to Weather Storm of Fuel Economy Blunder: Experts on AutoGuide.com
AutoGuide.com is offline  
post #2 of 3 Old 11-08-2012, 10:48 PM
Member
 
Join Date: Aug 2012
Posts: 83
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Default

Hyundai and Kia vehicles are selling like hot cakes, they will have to pay out up to nearly $1billion or move over a long period of time, but their sales will keep them out of deep waters. Hopefully this mistake doesn't cost them a significant loss of sales.
Kiapwr is offline  
post #3 of 3 Old 11-14-2012, 02:05 PM
Senior Member
 
Join Date: Aug 2012
Posts: 310
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Default

This is a serious issue but... i think for what they offer in their cars and how much it is. Some will overlook the issue or will want to experience it for themselves.



Quoris_Fan is offline  
Reply

User Tag List

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome