Genesis Electrified GV70 wins Best Residual Value by Canadian Black Book

GENESIS CANADA - Genesis Motors Canada proudly announces that the 2024 Electrified GV70 has been awarded Canadian Black Book’s 2024 Best Residual Value Award in the Electric SUV category, for vehicles above $60,000. This accolade underscores the Electrified GV70's exceptional value retention, as measured by the forecasted percentage of its original price after four years. Genesis took the top spot in the segment, followed by the Mercedes-Benz EQE and Volvo C40 in second and third place, respectively.

"We are incredibly honoured to have the 2024 Genesis Electrified GV70 recognized by Canadian Black Book. This award is a reflection of our commitment to excellence and our vision for the future of electrification," says Eric Marshall, director of Genesis Motors Canada. "The Electrified GV70 exemplifies our dedication to providing consumers with vehicles that offer elegant styling and dynamic performance, as well as a frictionless ownership experience."

Now in its third year, the Best Residual Value Awards have expanded to include crossovers in various categories. Reflecting the continued shift of consumer preferences towards SUVs, categories now recognize Compact, Sub-compact, Mid-size, and Full-size models in both mainstream and luxury segments.

“There are more EVs on the roads; more people researching, buying, and leasing them; and more options from automakers,” said Daniel Ross, CBB’s senior manager of industry insights and residual value strategy. “They are becoming common and, therefore, consumer education is increasing, which helps bring up residual values.”

Presented during the 2024 Canadian International Auto Show in Toronto, the Best Residual Value Awards forecast the residual value of 2024 model year vehicles into 2028, highlighting the significance of long-term quality and sustainability in vehicle ownership. This recognition marks a milestone for Genesis in the EV space, reinforcing the brand's commitment to innovation and quality.

AutoTrader.ca awards Genesis GV70 Best Overall SUV for 2024

GENESIS CANADA - A month after being voted as the Best Compact Luxury SUV, the Genesis GV70 and Electrified GV70 have now been awarded Best Overall SUV in Canada for 2024 by AutoTrader.ca. Following the announcement of a category win, the GV70 was among the overall Grand Prix winners announced at a private ceremony to present the 2024 AutoTrader.ca Awards.

The Electrified GV70 was launch in 2023 as a fully-electric version of the award-winning SUV, offering consumers more options for a luxury utility vehicle that suits their needs and exceeds their expectations.

After evaluating and considering every single new vehicle that’s available for sale in Canada, more than 20 automotive journalists from all over the country place their votes in over 30 categories. Overall, 12 key criteria are thoroughly analyzed - including design, innovation, engineering excellence, quality, and safety. Perhaps most importantly, the jury votes for vehicles they would feel confident recommending to their own family and friends.

The AutoTrader.ca Awards are considered by consumers to be among the most trusted and comprehensive automotive awards in Canada, with winners being chosen for setting a benchmark for their respective segments.

“A great deal of care and attention has gone into the development of the GV70,” says Eric Marshall, director of Genesis Motors Canada. “We are both humbled and grateful to the AutoTrader.ca team of voting jurors for recognizing our achievements and presenting us with such significant awards.”

The GV70 compact luxury SUV won its category in 2023 and was once again selected as the best in the segment for 2024.  The vehicle impressed the jury once again with its winning combination of styling, composed yet dynamic driving sensibilities, luxurious interior, and intuitive integration of technology. In this increasingly competitive segment, they agreed that the compact luxury SUV continues to have what it takes to stand out ahead of the crowd. The Electrified GV70 builds upon this formula, but without a traditional internal combustion engine. Robust electric all-wheel drive propulsion provides unrelenting acceleration and balanced handling, which is wonderfully complemented by a smooth, serene driving experience that is well suited to a luxury vehicle.  Push the steering wheel-mounted Boost button to unleash even more performance.

“These Grand Prix winners received the most votes out of all category winners from our expert jury and represent the best of the best,” says Jodi Lai, AutoTrader’s Editor-in-Chief. “As part of AutoTrader’s commitment to Canadian car buyers, we hope they can feel confident with these expert choices, as they all raise the bar in an important way.”

Electrified G80 and Electrified GV70 awarded Canadian Electric Car and Canadian Electric Utility Vehicle of the year

Genesis GV70 Electrified

GENESIS CANADA - Genesis Canada is proud to announce that the Genesis Electrified G80 and Electrified GV70 have been recognized as the best in their class by the Automobile Journalists Association of Canada (AJAC), which today named the vehicles 2024 Canadian Electric Car of the Year and 2024 Canadian Electric Utility Vehicle of the Year.

Since the brand’s introduction to the Canadian market in 2016, Genesis’ human-centred approach and uncompromising attention to detail have stood out among judges and consumers alike, making it one of the fastest-growing automotive brands in Canada.

Reflecting the brand’s commitment to transitioning to a fully electric lineup, the Electrified G80 establishes an unprecedented benchmark for electric luxury sedans through its elegant design, impressive performance, and efficiency.

Introduced for the 2023 model year, the Electrified GV70 is the third fully-electric vehicle to join the Genesis lineup, reflecting the brand’s commitment to electrification. Designed to elevate the electric driving experience, the GV70 stands out for its seamless blend of iconic styling and performance paired with cutting-edge technology and innovation in electric mobility.

“As we embark on new ventures and push boundaries in our pursuit of innovation, we're delighted by the enthusiastic reception our vehicles continue to garner from industry experts," Eric Marshall, director of Genesis Motors Canada. "We thank the esteemed AJAC jurors for acknowledging our efforts and dedication to excellence.”

Semi-finalists of the four Canadian Car of the Year (CCOTY) categories are selected following thorough, real-world evaluation. The 48 voting AJAC members from across Canada test each vehicle they vote on, evaluating a wide range of factors, including performance, technology, design and value. This year’s results were tabulated from over 600 anonymous ballots and verified by the audit and advisory firm KPMG. The results are kept confidential until winners are unveiled on stage at the kick-off of the Canadian International Auto Show in Toronto.

"Integrating electric vehicles into its lineup just three years ago, Genesis has swiftly positioned it as a luxury leader in electrification with two of its models securing two prestigious accolades,” said Evan Williams, President of AJAC. “This remarkable achievement, as recognized by AJAC, not only showcases Genesis's commitment to luxury and innovation but also underscores its excellence in crafting vehicles that set the gold standard in the EV segment."

About the Genesis Electrified G80
Genesis' first fully electric model, the Electrified G80 represents the perfect balance of Athletic Elegance, offering a blend of sophisticated design and eco-friendly performance. The dual electric motors, producing 272 kW (365 hp) and 516 lb-ft of torque promise a quiet, yet powerful driving experience, delivering impressive acceleration and range on a single charge. With its focus on sustainability, luxury, and technology, the Electrified G80 represents Genesis' commitment to innovative electric mobility without compromising on comfort and style.

About the Genesis Electrified GV70
A testament to the brand's forward-thinking approach, the Electrified GV70 brings together eco-conscious engineering with luxury. The third fully electric vehicle to join the Genesis lineup, this electric variant of one of the brand’s most popular models ensures no compromises. Dual 160 kW electric motors, producing 320 kW (429 hp) and 516 lb.-ft. of torque, provide a silent, zero-emission drive without sacrificing power, boasting quick acceleration and a generous range. Engaging the Boost button unleashes 489 hp.

Genesis GV70 wins 2024 AutoTrader.ca award

GENESIS MOTORS CANADA - The winners of the 2024 AutoTrader.ca Awards were announced, with Genesis Motors Canada taking home another accolade. The 2024 Genesis GV70 and Electrified GV70 took top honours in AutoTrader.ca awards, being chosen as Best Compact Luxury SUV for the second year in a row.

After evaluating and considering every single new vehicle that’s available for sale in Canada, more than 20 automotive journalists from all over the country place their votes in over 30 categories. Overall, 12 key criteria are thoroughly analyzed - including design, innovation, engineering excellence, quality, and safety. Perhaps most importantly, the jury votes for vehicles they would feel confident recommending to their own family and friends.

The AutoTrader.ca Awards are considered by consumers to be among the most trusted and comprehensive automotive awards in Canada, with winners being chosen for setting a benchmark for their respective segments.

“As the Genesis lineup continues to expand into new segments and we continue along our ambitious journey towards electrification, we are very pleased that our newly launched models are so well received by the most respected experts in the industry,” says Eric Marshall, director of Genesis Motors Canada. “We are both humbled and grateful to the AutoTrader.ca team of voting jurors for recognizing our achievements and presenting us with such significant awards.”

The GV70 compact luxury SUV won its category in 2023 and was once again selected as the best in the segment for 2024. The vehicle impressed the jury once again with its winning combination of styling, composed yet dynamic driving sensibilities, luxurious interior, and intuitive integration of technology. In this increasingly competitive segment, they agreed that the compact luxury SUV continues to have what it takes to stand out ahead of the crowd. The Electrified GV70 builds upon this formula, but without a traditional internal combustion engine. Robust electric all-wheel drive propulsion provides unrelenting acceleration and balanced handling, which is wonderfully complemented by a smooth, serene driving experience that is well suited to a luxury vehicle. 

“The Genesis GV70 and Electrified GV70 embody the overall excellence that our expert jury is looking for when voting on the best vehicles,” says AutoTrader.ca Editor-in-Chief Jodi Lai. “The lineup’s winning combination of style, driving dynamics, and attention to detail is something Genesis can be proud of and the fact that this is a repeat win cements the GV70 lineup as one that’s tough to beat.”