5 Kia models receive JD Power 2023 US ALG Residual Value Award

kia sportage

Kia announced that five of its nameplates have received a 2023 US ALG Residual Value Award from American consumer research, data, and analytics firm, JD Power.

KEY TAKEAWAYS

  • What were the five 2023 US ALG Residual Value Award-winning Kia models?

    The five 2023 US ALG Residual Value Award-winning models are the Telluride, Sportage, K5, Soul, and Rio.
  • For how long are the aforementioned models expected to hold their original values?

    The aforementioned models expected to hold their original values after a three-year ownership period.
  • The five models are the Kia Telluride, Sportage,  K5, Soul, and Rio.

    “Kia is a brand on the move, with more models predicted to hold their value within their respective segments than any mass-market brand. Resale value is one of the most important purchase considerations, and from rugged and capable SUVs to sporty sedans, the latest JD Power US ALG Residual Value Awards are the latest demonstration of the strength and breadth of Kia’s lineup,” said Kia America Vice President and Chief Operating Officer (COO) Steven Center.

    kia rio

    The aforementioned models are expected to retain their original value after a three-year ownership period.

    The award granted to the nameplates is considered the automotive industry standard in recognizing vehicle models projected to hold the highest percentage of their manufacturer’s suggested retail price after the said period of ownership.

    “This year’s achievement by Kia speaks volumes about how far the brand has come. The marketplace is acknowledging that Kia has a very strong product lineup in terms of design, quality, and residual values. Kia has become a force to be reckoned with,” said ALG Vice President (VP) Eric Lyman.

    Photos from Kia 

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