Originally Posted By: SteveSRT8
Originally Posted By: geeman789
You can lease a 2015 Hyundai Equus Ultimate for only $ 1123 a month, zero down... for 3 years, that is over 40 grand ....!
Pretty solid depreciation built into those numbers...
There's some reality. Resale always tells you how the market feels about any car. And folks who say it doesn't matter are just not being serious.
Hyundai/Kia should stick to the market it knows, cheap reliable cars with better than normal equipment levels. I test drove their Elantra about two years ago and felt the floorboard flutter over some bumps. Haven't felt that in a few decades from anything else.
Their fuel economy debacle and the ridiculous HP claims that are not reality simply show that they know how to push consumer's buttons. Great marketing, mundane cars with high levels of equipment yet nothing for the serious driver...
Valid points, but I don't think Hyundai should necessarily limit themselves to just the small/cheap segments. Companies who do that rarely achieve long term success in the US. Look at Daewoo, Suzuki, Daihatsu, and even Mitsubishi. Actually, Mitsubishi was doing okay in the US when they had some higher end offerings like the Diamante and Montero...and now they are about one gasp from death in the US because all they have are cheap, little cars.
Hyundai isn't going to get resale value overnight. The Japanese brands had been in the US for 20+ years before their cars fully made the transition from cheap, no resale throwaways to very high resale on most models. Hyundai's brand value is growing. A used 2 year old Sonata has much higher value retention now than a 2 year old Sonata 5 years ago.
And whereas their small cars were the bulk of their sales 10 years ago, now it is their midsize offerings. Sonatas and Santa Fes sell like crazy around here. The Genesis and Equus have the least volume by far, but people do buy them. Yes, usually not car people, but I doubt they walked in planning to get a Elantra and just wound up with a Genesis instead.
For relative comparison, the MSRP for the base, RWD, Genesis V6 sedan is $38K. The Lexus at that price is the FWD ES350 ($37,700). And to a lot of people who shop primarily for a badge, the Lexus will be a no brainer in that situation. BUT, as far as options/configuration goes, the RWD GS350 is really a closer competitor...and it starts at $48,600. Is the GS a more refined car? Probably. $10K more refined? I don't know.
And remember where Hyundai luxury cars were 10 years ago...XG series, first Azera, Kia Amanti. Put any one of those next to a Genesis, let alone an Equus, to see how far they have come.
Toyota had to make those baby steps too...
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