All new Kia Sportage CUV base model ALG value rating leads industry for 36 month Residual Value Index
The view from the Summit
Here at metro Detroit Kia dealer Summit Place Kia we want to let our current and future customers know that we received some really great news from Kia Motors last week.
The all-new 2011 Kia Sportage, which we began receiving at our dealerships this week, has achieved the industry’s highest individual rankings for residual value for the compact CUV vehicle segment.
Here is more information from Kia Motors:
(SEOUL) – Kia Motors’ 2011 all-new Sportage compact utility vehicle leads the compact CUV segment for residual value ratings from ALG, the industry benchmark in the US for residual values and a leading provider of data and consulting services to the automotive industry. The notable rating of 61% of original manufacturer’s suggested retail price (MSRP) for 36 months of ownership is a full 20 points higher than the current model year residual, and Kia Motors’ highest ever rating from ALG. Kia, along with BMW and Subaru, achieved the industry’s highest individual rankings with a mark of 66 for the Sportage Base trim.
“Kia Motors’ design-led transformation is driving more and more buyers to Kia dealerships for popular new models like Soul, Forte, Sorento and soon the new Sportage, as evidenced by our best-ever first half year sales,” said Tom Loveless, Vice President, Sales, Kia Motors America (KMA). “The best ALG rating for the Kia brand and for Sportage strengthens the Kia value proposition and consumer confidence by providing higher resale value and great leasing options that benefit the buyer.”
Unveiled globally at the Geneva International Motor Show earlier this year, the all-new Kia Sportage adds world-class design and cutting-edge technologies to an already successful value-packed CUV equation. A sleek, modern and bold style with new proportions and a completely new look for the venerable Sportage help elevate the Kia brand further as a world design leader and true tier-one automotive nameplate.
New to this model year, Sportage offers more power (176 hp) and improved fuel economy along with the options of a panoramic sunroof, push-button start, rear camera display, navigation, LED daytime running lights and an air-cooled driver’s seat (a compact CUV segment first). In the US, the UVO powered by Microsoft® in-vehicle communication and entertainment system based on the Windows Embedded Automotive platform will also be available in late 2010.
About ALG
Based in Santa Barbara, California, ALG is the industry benchmark for residual values and a leading provider of data and consulting services to the automotive industry. ALG publishes the “Automotive Lease Guide” — the standard for Residual Value projections in North America, and has been forecasting automotive residual values for over 40 years in both the U.S. and Canadian markets.
The new 2011 Kia Sportage is here!
Great news! At Summit Place Kia we’ve just received our first allocation of the all-new 2011 Kia Sportage! So now is your chance to come on in and check it out, as well as view the entire lineup of high quality, affordable Kias. To set up an appointment, you can contact us at our Waterford store by calling 248-682-6002 or by dialing 734-397-9900 for our Canton store. You can also find us on the web at www.summitplacekia.com.
Better yet, why not visit us at either of our two locations: 2200 Elizabeth Lake Road in Waterford, just behind the Summit Place mall or in Canton at 41840 Michigan Avenue, just west of I-275. Once you’re there, you’ll see why everyone at Michigan and metro Detroit’s sales leader and Proud Automotive Sponsor of Michigan Athletics would “Love to see ‘ya” in a Summit Place Kia!
Editor’s Note:
Specs, standard and optional features may vary depending on region.
Images courtesy of Kia Motors
The view from the Summit
Here at metro Detroit Kia dealer Summit Place Kia we want to let our current and future customers know that we received some really great news from Kia Motors last week.
The all-new 2011 Kia Sportage, which we began receiving at our dealerships this week, has achieved the industry’s highest individual rankings for residual value for the compact CUV vehicle segment.
Here is more information from Kia Motors:
(SEOUL) – Kia Motors’ 2011 all-new Sportage compact utility vehicle leads the compact CUV segment for residual value ratings from ALG, the industry benchmark in the US for residual values and a leading provider of data and consulting services to the automotive industry. The notable rating of 61% of original manufacturer’s suggested retail price (MSRP) for 36 months of ownership is a full 20 points higher than the current model year residual, and Kia Motors’ highest ever rating from ALG. Kia, along with BMW and Subaru, achieved the industry’s highest individual rankings with a mark of 66 for the Sportage Base trim.
“Kia Motors’ design-led transformation is driving more and more buyers to Kia dealerships for popular new models like Soul, Forte, Sorento and soon the new Sportage, as evidenced by our best-ever first half year sales,” said Tom Loveless, Vice President, Sales, Kia Motors America (KMA). “The best ALG rating for the Kia brand and for Sportage strengthens the Kia value proposition and consumer confidence by providing higher resale value and great leasing options that benefit the buyer.”
Unveiled globally at the Geneva International Motor Show earlier this year, the all-new Kia Sportage adds world-class design and cutting-edge technologies to an already successful value-packed CUV equation. A sleek, modern and bold style with new proportions and a completely new look for the venerable Sportage help elevate the Kia brand further as a world design leader and true tier-one automotive nameplate.
New to this model year, Sportage offers more power (176 hp) and improved fuel economy along with the options of a panoramic sunroof, push-button start, rear camera display, navigation, LED daytime running lights and an air-cooled driver’s seat (a compact CUV segment first). In the US, the UVO powered by Microsoft® in-vehicle communication and entertainment system based on the Windows Embedded Automotive platform will also be available in late 2010.
About ALG
Based in Santa Barbara, California, ALG is the industry benchmark for residual values and a leading provider of data and consulting services to the automotive industry. ALG publishes the “Automotive Lease Guide” — the standard for Residual Value projections in North America, and has been forecasting automotive residual values for over 40 years in both the U.S. and Canadian markets.
The new 2011 Kia Sportage is here!
Great news! At Summit Place Kia we’ve just received our first allocation of the all-new 2011 Kia Sportage! So now is your chance to come on in and check it out, as well as view the entire lineup of high quality, affordable Kias. To set up an appointment, you can contact us at our Waterford store by calling 248-682-6002 or by dialing 734-397-9900 for our Canton store. You can also find us on the web at www.summitplacekia.com.
Better yet, why not visit us at either of our two locations: 2200 Elizabeth Lake Road in Waterford, just behind the Summit Place mall or in Canton at 41840 Michigan Avenue, just west of I-275. Once you’re there, you’ll see why everyone at Michigan and metro Detroit’s sales leader and Proud Automotive Sponsor of Michigan Athletics would “Love to see ‘ya” in a Summit Place Kia!
Editor’s Note:
Specs, standard and optional features may vary depending on region.
