KUALA LUMPUR: Hyundai-Sime Darby Motors (HSDM) says resale value for Hyundai models have seen a climb with increasing demand for the brand's pre-owned cars over the last 5 years.
According to HSDM managing director Low Yuan Lung, the feat in Malaysia is made possible in tandem with Hyundai gaining market share globally and in winning a series of global awards for its cars.
"Hyundai has come a long way to prove itself to be a reliable car brand that is of superior quality. Its models today are in demand not because they are just good looking, but are also equipped with the latest innovation that is at par with premium continental brands.
"The difference in the selling price of a 5-year-old Hyundai model in comparison with the likes of a Japanese model is marginal. The same goes for the depreciation value of both makes after 5 years which is about 10 per cent per year."
Low said this was reflected in the launch of its certified pre-owned car programme, Hyundai Promise, where all listed pre-owned models were sold out in a short period of time.
The programme assures that all pre-owned Hyundai models sold come with genuine parts and are major accident-free. Stringent and rigorous inspections are carried out by trained technicians to ensure that all vehicles are in optimal electrical and mechanical condition before they are approved and certified.
All approved and certified vehicles come with an extended warranty between two to five years depending on the age of the vehicle and the clocked-in mileage. Selected pre-owned units also come with free service maintenance package.
All pre-owned cars are covered by manufacturer's and dealer's warranty as well as a 24-hour road assistance service.