Why is the used Sonata 9 so cheap?

[OMiranda]

The poor resale value of the Sonata 9 is due to conflicts within Hyundai's model lineup, where the Sonata 9's market share has been significantly eroded by the Mistra. The Mistra shares the same engine, transmission, chassis, and configurations as the Sonata, and even their appearances are almost identical. The only difference is that the Mistra is substantially cheaper than the Sonata. Additionally, the Mistra has the advantage of a panoramic sunroof, making it hard to find a reason to choose the Sonata 9. Below are some considerations when purchasing a used car: 1. Documentation: Ensure the vehicle's documents are authentic and complete. Verify that the engine number and chassis number on the documents match those on the vehicle, check if the car can be transferred, and confirm whether the vehicle has any liens, court seizures, financial disputes, unresolved traffic violations, or expired inspections and insurance. Also, check if there are any specific requirements for transferring ownership of corporate vehicles. 2. Vehicle condition: Be cautious with cars in poor condition, no matter how cheap they are. After identifying your ideal model, if your budget allows, opt for a newer model year whenever possible.

[LaRonan]

I previously looked into used Sonata 9s and found them 20,000-30,000 yuan cheaper than same-year Camrys and Accords. Its new car pricing was already low, and Korean brands have always had poor resale value in China - a 40% depreciation after three years is completely normal. Plus, many people feel Hyundai vehicles develop more minor issues over time, with common complaints like suspension noises and sunroof leaks being widely discussed in forums. Used car dealers also deliberately lowball these models during purchase, given their massive market circulation - just Beijing's Huaxiang Market alone handles dozens monthly. With the recent EV impact, fuel-powered B-segment sedans are selling even worse. Last week, I helped a friend inspect a 2015 2.0L top-trim model listed for just 78,000 yuan.

[Meghan]

To understand why the Sonata 9 doesn't hold its value well, we need to look at its product cycle. When this generation was launched in 2015, its design was too conservative and was criticized for looking like an enlarged Mistra, completely lacking the stunning fluid sculpture design of the Sonata 8. Back then, new cars had discounts starting at 40,000 yuan right off the bat, which dragged down the base price of used cars. Moreover, the 1.6T version's dry dual-clutch transmission had a high failure rate, making used car buyers avoid it. Nowadays, the 2.4L naturally aspirated version is actually more sought after in the market. I've noticed that the 2017 facelift version with the 2.0T+8AT combo has slightly better resale value, but it can't offset the impact of the overwhelming number of older models in the market, which has dragged down the overall market performance.

[DiRonan]

From a maintenance cost perspective, the Sonata 9 is indeed cost-effective. Replacing an entire bumper costs only 1,200, which is half the price of German cars. However, this is a double-edged sword. Low maintenance costs mean that second-hand buyers don't mind bargaining. Although the car's engine is durable, components like the alternator and electronic parking brake module are prone to wear and tear, and most vehicles around six years old will need these replaced. I've seen many Sonata 9s used for ride-hailing during repairs, and after 200,000 kilometers, all the suspension bushings need replacement. Such cars naturally don't fetch a good price in the market. Additionally, with the declining brand power of Korean cars in recent years, many people would rather spend a bit more to buy a same-year Teana.