Recent upgrades boost Kona Electric’s residual value forecasts

  • Recent improvements of the Kona Electric’s connectivity features, charging technology and driving range boost residual value forecasts
  • Forecast for average value after three years and 60,000 km increases 6.4% over previous model year
  • Kona Electric’s bold design and trendy B-SUV body type contribute to overall value
  • Five-year unlimited mileage warranty, paired with an eight-year or 160,000 km warranty on the high voltage battery adds further competitive advantage

- Recent upgrades of the Hyundai Kona Electric have been estimated to enhance its residual value, according to new data published by the independent RV guidebook Autovista Intelligence.

The forecast for average value after three years and 60,000 km increases 6.4 per cent over the previous model year.*

With its model year updates, recently introduced in production, Kona Electric has received a new 10.25-inch infotainment system with Bluelink telematics and connected car services, as well as a 10.5 kW three-phase on-board charger for improved charging times. In addition, the new tyre specifications introduced this year increase the driving range by up to 8 per cent offering up to 484 km (WLTP).

Among the five largest European markets, Kona Electric is predicted to maintain on average 47.2 per cent of its original value**, with residual values ranging from 37.5 per cent to 59.7 per cent in the various markets. These figures are forecast values, based on initial sale price, sales channel mix, specification and other factors, to predict the estimated price after three years and 60,000 km for a dealer trade-in. Respective data was collected in Germany, the UK, Italy, France, and Spain. The data also shows that Kona Electric is predicted to have one of the leading residual values compared to key EV competitors on the market.

Kona Electric residual value forecasts vs. key EV competitors by market**

  • Germany
    Peugeot e-208 RV (%): 49.5
    Kona Electric (64 kWh) RV (%): 49
    Opel/ Vauxhall Corsa-e RV (%): 47.2
    BMW i3 RV (%): 40.9
     
  • UK
    Kona Electric (64 kWh) RV (%): 59.7
    BMW i3 RV (%): 44.9
    Peugeot e-208 RV (%): 44.6
    Opel / Vauxhall Corsa-e RV (%): 43.2
     
  • Spain
    Peugeot e-208 RV (%): 45.9
    Kona Electric (64 kWh) RV (%): 41.9
    Opel/ Vauxhall Corsa-e RV (%): 41.9
    Peugeot e-2008 RV (%): 41.0
     
  • Italy
    Kona Electric (64 kWh) RV (%): 48.0
    BMW i3 RV (%): 47.3
    Opel / Vauxhall Corsa-e RV (%): 46.9
    Peugeot e-208 RV (%): 43.8
     
  • France
    Opel / Vauxhall Corsa-e RV (%): 40.2
    Peugeot e-2008 RV (%): 39.3
    Peugeot e-208 RV (%): 38.3
    Kona Electric (64 kWh) RV (%): 37.5

The leading residual value forecast in the UK is also reinforced by data published by CAP Automotive, who predict a residual value of 52.3 per cent when trading in Kona Electric at a dealership after three years.

With Kona Electric, we offer a product with one of the best driving ranges in its class, advanced connectivity and safety features, rounded off by a bold design and B-SUV body type – all of which contributes to class-leading residual values. Alongside our five-year unlimited mileage warranty, complemented with the eight-year or 160,000 km warranty on the high voltage battery, the value forecast enhances the already-compelling long-term ownership proposition for our customers.

Olivier FerryHead of Corporate Sales & Remarketing at Hyundai Motor Europe

Long range and trendy design contribute to Kona Electric’s success

Kona Electric’s long range is one of the key factors to its success, as range is one of the main criteria customers consider when purchasing an EV. For the latest generation Kona Electric, the 64 kWh battery model can travel up to 484 km on a single charge, and the 39 kWh battery model can drive up to 305 km.

Another factor is its SUV body type and bold, muscular design. Customer demand for SUVs is at an all-time high, and Kona Electric’s sculpted lines, LED lights, and aerodynamic, 17-inch alloy wheels make it a popular choice. Advanced safety and connectivity features provide the technology that many customers are looking for, and Hyundai’s five-year unlimited mileage warranty, paired with an eight-year or 160,000 km warranty on the high voltage battery, ensure it retains its value over time.

The sub-compact SUV has swept up awards since its release, making the list for the WardsAuto 10 Best Engine List for 2019 and earning the title Affordable Electric Car of the Year at the Auto Express New Car Awards. In December 2019 consumer magazine Which? named Kona Electric their ‘Product of the Year’ – beating 3,500 other products among all categories from technology to home and garden.

Source: Autovista Compare, 06/2019, FCC, Trade-in, 3yrs./60.000KM vs. 03/2020, FCC, Trade-in, 3yrs./60.000KM.

** Source: Autovista Compare, 03/2020, FCC, Trade-in, 3yrs./60.000KM.