We Finance! 20356 Miles 2013 Kia Sorento Ex 3.5l V6 24v on 2040-cars

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Minivan market not what it used to be, but margins make up for it

Residual values for last year's minivans are higher than they were in 2000.
Much like the station wagon was the shuttle of Baby Boomer generation, the minivan has been the primary means of transport for Generations X and Y. Just as the boomers abandoned the Country Squire, though, those kids that were toted around in Grand Caravans and Windstars are adults, and they certainly don't want to be seen in the cars their parents drove.

Hyundai shutters engine development in shift to electric and hydrogen vehicles

Hyundai is quickly pivoting into an era of electric vehicles. Shortly after announcing it would halve the number of internal combustion models, it launched its first EV on its dedicated Electric Global Modular Platform (E-GMP), the supremely enjoyable Ioniq 5. Now, as The Korea Economic Daily reports, Hyundai Motor Group, which includes sister brand Kia and luxury brand Genesis, has closed its engine development division at its research and development center in South Korea to put those resources into electric powertrain development. According to the report, researchers from engine design are moving to its electrification design center, but a few remain behind to continue to refine existing internal combustion engines. The powertrain system development center will become an electrification test center, and the performance division will focus on electric performance. The group has also established a battery development center, and the R&D Center will also focus on raw materials for batteries and semiconductors. In an email, R&D boss Park Chung-Kook told employees, “Now, it is inevitable to convert into electrification. Our own engine development is a great achievement, but we must change the system to create future innovation based on the great asset from the past.” Hyundai Motor Group is targeting one million EVs a year by 2025, and full electrification by the year 2040. In addition to the newly launched Ioniq 5, Hyundai is planning to launch the Ioniq 6 EV, based on the stunning Prophecy concept, in 2022, and weÂ’ve already seen spy shots of that prototype in testing. That will be followed by the full-size Ioniq 7 SUV in 2024, which was recently previewed by the Seven Concept at the 2021 L.A. Auto Show. Kia is set to launch the EV6 in 2022, and Genesis recently revealed the GV60 electric crossover, both of which will use HyundaiÂ’s E-GMP architecture. Genesis also recently revealed an electric version of the GV70 crossover in China. Of course, Hyundai is also invested in hydrogen fuel cell vehicles, both commercial vehicles like its Xcient trucks, and passenger cars like the Nexo and the recently revealed Vision FK concept. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

2020 Kia Stinger GT-Line becomes only 2.0-liter model on offer

The 2019 Kia Stinger comes in five flavors: 2.0L and Premium with the 2.0-liter turbocharged four-cylinder engine, and GT, GTS, GT1, and GT2 with the 3.3-liter twin-turbo V6. Beyond the engine, the two lowest trims differ from the GT versions with different grilles, bumpers, wheels, and exterior trim. Having seen an early order guide, CarsDirect says Kia will replace the two base models with a single model that's been restyled with GT cues, while raising the price just $100. The new model is called the Stinger GT-Line, a trim that's been available in other markets for a while on everything from the tiny Picanto to the Sorrento crossover; the pictured car is a UK Stinger GT-Line. The model bolts on the grille and bumpers from the GT, black chrome trim and body-colored door handles, plus 18-inch GT-styled wheels. The cabin gets dressed up with a black headliner no matter the interior color, a leather-wrapped steering wheel, and headrests embossed with "GT-Line." The price will be $33,090 plus $995 destination, totaling $34,085, a figure that comes in an even $100 above the 2019 Stinger 2.0L. $34,085The loss of the Premium trim leaves a $6,410 gap between the GT-Line and the base GT trim. The Premium was the way to get a long list of luxury and convenience features paired with the four-cylinder, but it was only $110 less dear than the entry GT with the bigger engine but without the feature set. The price of that GT goes up, meanwhile, CarsDirect saying the 2020 GT will start at $40,495 after destination, a $200 increase over the 2019 model. Furthermore, with the Premium gone, the only way to option automatic emergency braking will be to spend more than $46,000 on the GT1 grade.  Engines don't change for next year, the 2.0-liter producing 255 horsepower and 260 pound-feet of torque, the 3.3-liter putting out 365 hp and 376 lb-ft, both shifting through an eight-speed automatic.