Both crossovers from the two largest car companies in Korea have received praise from consumers and critics since they were released, with both being named as finalists for the 2020 North American Utility of the Year award (with Kia eventually bagging the title).
Sales figures are strong right off the bat and it seems both brands are trying to capitalize from the demand by giving the two models a slight price increase for this year. According to a recent report, the entry-level trim of the Hyundai Palisade SE now starts at $32,895. It’s a $250 overall increase from the original price of the Palisade upon release. It also said that all other trims of the Palisade is getting a similar price hike—$225 in MSRP and another $25 for the destination charge.
For Kia, the report says the 2020 Telluride is now offered at $33,060, which is a $275 increase from its introductory price of $32,785. This puts the base Telluride $165 more expensive than its equivalent in the Palisade lineup.
The upcharge, however, is considered relatively small, so it is not expected to affect the sales of either model. In 2019, Hyundai sold a total of 28,736 Palisades, while Kia sold 58,604 Tellurides—pretty impressive considering both models have only been on sale for less than a year.
The Hyundai Palisade and Kia Telluride have an eight-seating capacity and are equipped with a 3.8-liter V6 engine that makes 291 horsepower. The two SUVs are known for their spacious and comfortable interiors, impressive standard and optional infotainment features and driver-assistance technology.