- Telluride, Sportage, K5, Soul and Rio earn JD Power awards for having the highest residual value within their respective segments
- Kia is the most improved mass market brand year over year
IRVINE, Calif., Nov. 21, 2022 /PRNewswire/ — Last week, Kia took home the highest number of model awards – five – in the JD Power 2023 US ALG Residual Value Awards. The segment wins by Telluride (Midsize SUVs with 3-row seating), Sportage (Compact SUVs ), K5 (Midsize Cars), Soul (Micro SUVs), and Rio (Small Cars), led Kia to the best year-over-year improvement of any mass market brand in the annual evaluation.
“Kia is a brand on the move, with more models predicted to hold their value within their respective segments than any mass market brand,” said Steven Center, COO and EVP, Kia America“Resale value is one of the most important purchase considerations, and from rugged and capable SUVs to sporty sedans, the latest JD Power US ALG Residual Value Awards are the latest demonstration of the strength and breadth of Kia’s lineup.”
The USJD Power ALG Residual Value Awards are the automotive industry standard in recognizing vehicle models projected to hold the highest percentage of their manufacturer’s suggested retail price following a three-year period of ownership. This a value of retention is a key le variable …