Hyundai Kona wins 2024 Canada ALG Residual Value Award for the fourth consecutive year

Hyundai Auto Canada is proud to announce that for the fourth consecutive year, the Hyundai Kona subcompact sport utility vehicle has achieved the best residual value in its category according to the J.D. Power 2024 Canada ALG Residual Value Awards.

Annual Residual Values titles are awarded by ALG, a division of J.D. Power recognized as the industry benchmark for automotive residual value projection.  The standard for the automotive leasing industry, the award process evaluates 298 model lines across 28 distinct segments, analyzing used-vehicle performance, brand outlook and product competitiveness. The results are based on the best residual value expected after a four-year period for mass market vehicles, and after a three-year period for premium vehicles.

“The ALG sets the standard for residual values, and we’re thrilled to have our products recognized yet again for their high quality and competitive resale value,” says Michael Ricciuto, director of product and corporate strategy at Hyundai Auto Canada. “The all-new Kona is more practical and tech-oriented than ever, while maintaining a best-in-class resale value, once again recognized by J.D. Power.”

“The all new 2024 Hyundai Kona has a winning formula with a fresh redesign in the ultra competitive Micro segment. The new Kona is larger with more interior space, more standard content, and advanced driver assistance equipment with enhanced safety technology” says Michelle MacDonald, director of ALG customer success. “Hyundai Canada’s four-peat winning streak in the J.D. Power Canada ALG Residual Value Awards with the all-new Kona showcases the innovation and functionality the Hyundai brand continues to bring to the Canadian market.”