Sport utility models from Hyundai Motor Company and Kia Motors are expected to hold their residual value exceptionally well, Eric Ibara, director of residual values at Kelley Blue Book, told Auto Finance News.
Specifically, the Hyundai Palisade and the Kia Telluride should “do well as they’re doing quite well in retail now,” Ibara said.
The success of new models from Lincoln — a subsidiary of Ford Motor Co. — has helped revitalize the brand and should also help hold their value, Ibara noted.
Looking forward, Ibara expects the 2020 Chevrolet Corvette Stingray to be “off the charts.” The new model is the automaker’s first mid-engine design. “It has incredible levels of performance, is the first time Chevrolet has gone to a mid-engine configuration for that model, and it is priced extremely attractively [at $60,000],” he said.
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