Hyundai Genesis Sedan : High resale Value?!?

[LouKango]

I came across this article and thought you guys might find it interesting.
Click on gallery link for see the cars theyve selected.
https://autos.yahoo.com/news/25-cars-and-trucks-with-the-highest-resale-values-010524534.html

I did not expect to see our genesis on that list. I was pleasantly surprised.

 

[Midnightsun]

One must wonder how they can determine it will have great resale value when they just came out and not 1 has been resold yet? It amazes me what can be found in articles on the net. 1/2 of everything is nonsense based on opinions IMHO.

 

[salvo]

Thanks,,,surprising since I bought knowing last generation has not held it's value well...

 

[bnajack]

This is where I get confused. I was reading in Motor Trend's Buyering Guide that the Genesis had a low residual value compared to Audi, BMW, M-B, etc. IIRC they used the values provided by Intellichoice. On the other hand ALG rates the Genesis highly in residual value. Anyway, no cars hold their value very well.

 

[Rey]

I don't think the new Genesis will have a high resale value simply because there is a large inventory of unsold 2015 Genesis out there. This has been the case with 2013s and 2014s. You see huge discounts offered on new first generation Genesis now.
I went last week to my friendly dealer to see about a trade of my '13 V6 with 42K miles. All they offered on trade was $17K, which is the "Black Book" wholesale. Edmunds and Kelly average about $22K wholesale.
My '13 was MSRP at $42K, and this depreciation is huge for a car 1.5 years old. This depreciation rate is higher than BMW or even Jaguar, and makes the per mile cost of ownership quite high.
I think the basic problem is that the public does not know the Genesis even exists. Hyundai has not done much work identifying this car.

 

[GenesisCaptain]

Part of the problem is that comparing resale to MRSP is a bad metric. A better metric is resale compared to the average for what cars actually sold for. Hyundai massively discounted the 1st generation Genesis. Therefore, the resale values are lower. For example, my car is a little over 2 years old, and its KBB trade-in value is $22K. I paid $35K for it; therefore 62% retention after 28 months is pretty freakin' good. And, it is even better if I look at private party resale value.

However, if I compare that to my car's original MRSP, it is abysmal.

I am thrilled with my Genesis resale value compared to what I paid. It beats many other cars I have owned.

The current model does not appear to be discounted nearly as aggressively as the first generation; therefore I would expect its value retention to be better than the 1st gen.

 

[jimb100]

I don't think the new Genesis will have a high resale value simply because there is a large inventory of unsold 2015 Genesis out there. This has been the case with 2013s and 2014s. You see huge discounts offered on new first generation Genesis now.
I went last week to my friendly dealer to see about a trade of my '13 V6 with 42K miles. All they offered on trade was $17K, which is the "Black Book" wholesale. Edmunds and Kelly average about $22K wholesale.
My '13 was MSRP at $42K, and this depreciation is huge for a car 1.5 years old. This depreciation rate is higher than BMW or even Jaguar, and makes the per mile cost of ownership quite high.
I think the basic problem is that the public does not know the Genesis even exists. Hyundai has not done much work identifying this car.

A few months ago I looked at left over 13's before buying my 2015. At that time your car could be bought for 31k. Factor in your high mileage and if you got 19k, which doesn't seem unreasonable, you per mile depreciation looks like most sedans.

 

[homeofstone]

A few months ago I looked at left over 13's before buying my 2015. At that time your car could be bought for 31k. Factor in your high mileage and if you got 19k, which doesn't seem unreasonable, you per mile depreciation looks like most sedans.

Agreed. 42k in 1.5 years is high miles. Put 42k miles on a BMW or Mercedes in 1.5 years and the percent of depreciation will be higher than the Hyundai.