Hyundai Genesis vs. Genesis Brand

[cyrusminor]

With the debut of the new Genesis brand this year what are your thoughts on how it will affect resale values of the 2009-2016 Hyundai Genesis?

 

[PMCErnie]

Oh, go ahead. Be bold. Venture your own opinion.

 

[rickkapur]

With the debut of the new Genesis brand this year what are your thoughts on how it will affect resale values of the 2009-2016 Hyundai Genesis?

Welcome to the forum cyrusminor...

Great question....
I think it will go one of two ways....up or down.

Seriously, Hyundai resales values are already low; imho, v2 will retain some value longer; v1 may be impacted a bit more (now they will be two Gen old). But, i am assuming most here did not go in hoping for great resale/residual....but more for the fun/features of the car

 

[cyrusminor]

Thanks for your comments.
I do think the values will drop a little but not much. I have a 2012 Genesis so its already taken the bulk of the depreciation.
I am quite intrigued by the new Genesis brand and the G80. From what I have read the customer service model will be a big improvement over Hyundai (I think Hyundai customer service is pretty poor) and I like the look and improvements of the 2nd gen Genesis so the G80 will be high on my list for my next car. I'm just hoping I can get enough for my car when I do make the trade to bring my out of pocket cost down.

 

[Sal Collaziano]

Welcome aboard, Cyrusminor! Thank you for signing up! I think you're right - values will go down a little bit but nothing too devastating...

 

[silberma]

I just bought a G80 for $50K and the buying experience is just like every other car the Hyundai sells. The dealer sold both cars from the same showroom and treated them equally. Genesis needs to train their dealers how to sell Genesis cars and open different showrooms for them. Unfortunately the dealer that I bought from informed me that I am the first Genesis buyer for them after having cars on the lot for 3 months. This dealer obviously can not open a separate showroom and is doomed to destroy the Genesis model for exclusivity. I bought BMW's and Infiniti's in the past and the buyer experience was very different.

 

[Mark_888]

Genesis needs to train their dealers how to sell Genesis cars...

Pretty Woman was just a fictional movie. You can't "train" low class people to be upper-middle class.

 

[homeofstone]

Welcome to the forum cyrusminor...

Great question....
I think it will go one of two ways....up or down.

Seriously, Hyundai resales values are already low; imho, v2 will retain some value longer; v1 may be impacted a bit more (now they will be two Gen old). But, i am assuming most here did not go in hoping for great resale/residual....but more for the fun/features of the car

Fun/features and the fact that I can get 250,000 miles on it. Since I run vehicles to over 225,000 miles, resale value is gone on most any vehicle.

 

[PMCErnie]

I just bought a G80 for $50K and the buying experience is just like every other car the Hyundai sells. The dealer sold both cars from the same showroom and treated them equally. Genesis needs to train their dealers how to sell Genesis cars and open different showrooms for them. Unfortunately the dealer that I bought from informed me that I am the first Genesis buyer for them after having cars on the lot for 3 months. This dealer obviously can not open a separate showroom and is doomed to destroy the Genesis model for exclusivity. I bought BMW's and Infiniti's in the past and the buyer experience was very different.

Obviously, you bought the G80 anyway. Why?

 

[judgejkh]

When I signed up for blue link (while traveling) on our 2015 Genesis at a dealer who sells them regularly and has several service techs trained to their specifics, he told me they'd sold 2 that week (I was in on a Thursday, I think). He said having stand alone Genesis franchises is down the road (many of you may know this already so forgive me if I'm being repetitive). So, in terms of value I believe the Gen. 2 will hold well (especially if the trunk emblem is changed . He showed me one of the 2017s on the floor and it's so similar to a Gen. 2 that IMHO they'd been better to wait until ready for a different generation genesis before separating. Maybe they will be more selective in which dealers can sell/service them so that might make them more exclusive! The dealer closest to me has one tech trained on Genesis so I go back Tuesday (for the 3rd time) to hopefully finish the recalls and a repair to the fuel lid release. One thing I like about owning a Genesis is you just don't see as many of them so people are always inquiring about it. That's a good thing and if the trunk emblem is changed it's a GENESIS!

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[Sal Collaziano]

I'm hearing about a few Genesis-specific dealerships being built right now. So that's a good thing. Most Genesis cars like the G80 and G90 will be sold in a separate "area" within Hyundai dealerships for the time being...

Yes, both cars look exactly the same outside of the badges. I don't think your idea would have been bad - wait until the next generation of "Genesis Sedan" (3G) to release the Genesis Motors brand - but that would be another 4 years away. So I can see why they did it. I kinda wish they would have made this change in 2015 - in time for the release of the second generation Genesis Sedan...

When I signed up for blue link (while traveling) on our 2015 Genesis at a dealer who sells them regularly and has several service techs trained to their specifics, he told me they'd sold 2 that week (I was in on a Thursday, I think). He said having stand alone Genesis franchises is down the road (many of you may know this already so forgive me if I'm being repetitive). So, in terms of value I believe the Gen. 2 will hold well (especially if the trunk emblem is changed . He showed me one of the 2017s on the floor and it's so similar to a Gen. 2 that IMHO they'd been better to wait until ready for a different generation genesis before separating. Maybe they will be more selective in which dealers can sell/service them so that might make them more exclusive! The dealer closest to me has one tech trained on Genesis so I go back Tuesday (for the 3rd time) to hopefully finish the recalls and a repair to the fuel lid release. One thing I like about owning a Genesis is you just don't see as many of them so people are always inquiring about it. That's a good thing and if the trunk emblem is changed it's a GENESIS!

 

[Mark_888]

I don't think your idea would have been bad - wait until the next generation of "Genesis Sedan" (3G) to release the Genesis Motors brand - but that would be another 4 years away.

If they did that, then the G90 flagship would not have been a brand new model at Genesis Motors launch. The G80 and G90 are not on the same update schedule, for reasons that should not difficult to understand.

 

[Sal Collaziano]

If they did that, then the G90 flagship would not have been a brand new model at Genesis Motors launch. The G80 and G90 are not on the same update schedule, for reasons that should not difficult to understand.

Yeah - and you can't have a brand with only one model. But considering they're not really a separate brand at the moment - maybe that would have been fine...

 

[silberma]

Obviously, you bought the G80 anyway. Why?

The G80 AWD is a better value than the Audi A6, BMW 535, Infiniti Q70 and Lexus GS. I can live with the lesser customer experience if I can save $10-20 thousand. However, this can't be a short term buy due to the high depreciation.

 

[judgejkh]

I remember seeing a G80 in the showroom and it seemed much like our 2015 5.0 Ultimate. As I understand it, the G70 is the coupe and the G90 looks like the Equus to me! Honestly, those are just my perceptions as I didn't take a really close look (it could have been a 3.8 for all I know). Still, from images I've seen, the 2017s appear to be the 2015 and 2016s renamed (including the Equus). Interestingly, back in the day I had a Toyota Cressida (1989). When the smaller Lexus came out, they were very similar. i remember a friend buying one new and it still having TOYOTA on many visible parts (including the windows). So, I'm sure, in time the Genesis line will evolve too. My biggest wonder about stand-alone Genesis dealerships is the economy. They've tried to keep the advantage of the Genesis vs the competition at a $10,000 or better price savings. With stand alone dealers, they'd seem to lose that advantage!

 

[srobak]

I remember seeing a G80 in the showroom and it seemed much like our 2015 5.0 Ultimate.

It is bolt for bolt the same car.

the G90 looks like the Equus to me! [...] the 2017s appear to be the 2015 and 2016s renamed (including the Equus).

Not even close:

 

[Mark_888]

I remember seeing a G80 in the showroom and it seemed much like our 2015 5.0 Ultimate. As I understand it, the G70 is the coupe and the G90 looks like the Equus to me!

You probably saw the 2016 Equus, even though it in the place where the Genesis Motors cars will be sold.

 

[PMCErnie]

Stand-alone Genesis dealers are likely to be pretty lonely places for a few years. Better that Genesis showrooms are shared with Hyundai locations. That way, Hyundai owners can be lured to upscale purchases when they come in for service.