Hyundai Motor Company’s Santa Fe has been named best midsize utility vehicle in the North American ALG Residual Value Awards. The Korean company’s Accent again topped the ranking in the subcompact car segment, repeating its 2012 feat, said a statement. ALG’s annual Residual Value Awards cover the whole of North America and recognise the vehicles that are predicted to retain the highest residual value percentage of their original price after a conventional three-year ownership period. It is widely recognised as the North American car industry benchmark for residual values and depreciation data, and the awards recognise those brands that are committed to improving residuals by delivering superior products to customers. Tom Lee, vice president and head of Hyundai Africa and Middle East Headquarters, said: “Winning these awards for a second successive year is testament to Hyundai’s commitment to building vehicles of superior quality to its competitors, in line with our ‘Modern Premium’ brand direction. “The Santa Fe and Accent are both popular models, and accolades such as these from around the world will further boost customer confidence in the quality of Hyundai models in the market.” Source: TradeArabia