The 2013 Hyundai Genesis 5.0 R-Spec which is considered as the lineup’s top-of-the-line model for this year has obtained a significant increase in price.
Based on the latest pricing information provided by the Korean car maker, the 2013 Hyundai Genesis 5.0 R-Spec will be sold at a starting price of $47,675. This figure includes the destination charge of $875 and reflects an increase in price of about $300 compared to the outgoing model.
According to many car experts, the significant increase in the price of the latest version of the Hyundai Genesis 5.0 R-Spec was probably brought about a number of factors.
First off, the 2013 Hyundai Genesis 5.0 R-Spec has received a few upgrades thereby increasing the company’s production cost. Due to this, Hyundai might have decided to increase the R-Spec’s starting price in order to recover the extra expenses that the company has incurred from implementing the said upgrades.
For the 2013 model, the Hyundai Genesis 5.0 R-Spec is powered by a 5.0-liter Tau V-8 engine which is capable of producing a maximum power output of up to 429 horsepower.
This model has received a number of additional standard equipment such as the 19-inch premium-finished alloy wheels, moldings on the vehicle’s lower-body sides made of chrome, a sport-tuned suspension, illuminated plates on the vehicle’s door sill, and a badging on rear deck lid which is exclusively designed for the R-Spec.
But aside from the upgrades that the vehicle has received, many car experts were convinced that the increase in the price of the 2013 Hyundai Genesis 5.0 R-Spec was also caused by price adjustments that the company has implemented.
Hyundai has simplified the Genesis lineup for this year by dropping the midrange models such as the Genesis 4.6 and the Genesis 5.0. Due to the absence of the midrange models, Hyundai was prompted to adjust the prices of the remaining variants.
The base model of the 2013 Hyundai Genesis is currently sold at a starting price of $35,075 including the shipping charge of $375. Thus, the existing price gap between the entry-level and top-of-the-line model has reached as high as $12,600.