The settlement reportedly impacts about 600,000 of Hyundai’s 2011-2013 models and 300,000 of Kia’s 2011-2013 models in the United States. The exact figures of the settlement reportedly depend on how customers elect to participate in the settlement– whether they chose the lifetime reimbursement program or the lump sum option.
The lifetime reimbursement program was created by the automakers in 2012 to cover additional fuel costs associated with the mpg rate change plus a 15% premium for the inconvenience of customers. Compensation is based on the actual mileage and fuel costs for the region in which the driver lives and drivers must go to dealerships to have their odometers read. The recent settlement has created the second lump sum option for owners. Reportedly, the average lump sum payment for Hyundai owners and lessees will be about $353, while the average lump sum payment for Kia owners and lessees will be about $667.
A federal judge is expected to review the proposed settlement for approval in early 2014. Assuming approval is granted, notices will be sent to individual class members. Initial details of the settlement are available at hyundaimpginfo.com or www.kiampginfo.com.
Do you have a Kia or Hyundai motor vehicle that has experienced repeated problems, has been in the shop for repairs, but is still not fixed? If the vehicle was purchased or repaired in Ohio or Kentucky, then you can call Burdge Law Office on our Toll Free Hotline, 1.888.331.6422, to see if we can help you out of your "lemon" vehicle.
Helping Consumers Get Rid of Lemons, 9 Years Running