Hyundai Venue wins ‘5-year cost to own’ award in US

The South Korean automaker Hyundai’s subcompact SUV Venue is undoubtedly one of the best value for money cars in the world and recently the model in the United States of America bagged the 5-Year Cost to Own recognition from Kelley Blue Book for a third consecutive year. Kelley Blue Book is an Irvine, California-based vehicle valuation and automotive research company that is recognized by both consumers and the automotive industry.

Ricky Lao, director, product planning, Hyundai Motor North America said, “For those consumers seeking an entry-level SUV with an array of standard safety and infotainment features, the Hyundai Venue can meet their technology needs and long-term budget,” He further added, “Venue has received the Kelley Blue Book 5-Year Cost to Own award designation every year since going on sale in 2020, reconfirming its commitment to delivering on customer satisfaction.”

The Kelley Blue Book evaluates all the new models and awards the best overall vehicle with its 5-Year Cost to Own recognition. Depreciation, predicted fuel expenditures, maintenance and repair costs, finance and insurance fees, and state levies are all factors considered by Kelley Blue Book when determining which models have the lowest projected ownership costs. Kelley Blue Book residual values are used to determine depreciation expenses in the Kelley Blue Book 5-Year Cost to Own data. It also uses a complex value technique, as well as key financial data from third-party sources, to compute total ownership costs for new automobiles.

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The Venue is one of the top-selling models of the Hyundai India lineup and it is getting ready to have its first makeover in July of this year. The Venue facelift will be making its debut just before the arrival of the all-new Maruti Suzuki Vitara Brezza in India. Hyundai is currently running the test mules of the upcoming Venue in the Indian market and these models have been spotted several times on the Indian roads. The new Venue will get a completely new face and the look is heavily inspired by the Hyundai Tucson, which is also due in the Indian market. It will arrive in the coming months.

Recently Hyundai India also discontinued a few variants of the Venue in the country due to the ongoing semiconductor shortage across the globe. The variants discontinued by the automaker for the subcompact SUV are – 1.0L petrol version – S(O) DCT, SX+ DCT Dual Tone, S(O) iMT, SX(O) iMT, SX(O) iMT Dual Tone, 1.5L diesel version – S(O) MT and SX(O) MT Dual Tone. Reports also suggest that this move from Hyundai could have been done to align with the manufacturer’s plans to launch the facelifted version of the model.

Currently, the Hyundai Venue starts at Rs. 6.99 lakhs ex-showroom and goes till Rs. 11.85 lakhs ex-showroom for the top-end variant. The subcompact SUV also comes loaded with features and equipment. It gets features like a BlueLink connected car technology, electric sunroof, wireless mobile charger, push button to start/stop, cruise control, rear AC vents, an 8-inch touchscreen infotainment system with Android Auto and Apple CarPlay, automatic climate control, multi-function steering wheel and much more. The Venue is offered with the drivetrain options of a 1.2L NA petrol unit, a 1.0L turbo-petrol unit, a 1.5L NA diesel unit.

Also read: Upcoming 2022 Maruti Suzuki Vitara Brezza rendered