The 2024 Kia-Hyundai class action lawsuit has attracted attention from car owners and potential buyers. This article provides an overview of the settlement, including payment details, eligibility criteria, and more. If you own or plan to buy a Kia or Hyundai, here’s what you need to know about this legal matter.
Kia-Hyundai Class Action Lawsuit 2024
Kia and Hyundai, part of the Hyundai Motor Group from South Korea, are facing a lawsuit filed by New York City. This legal action is due to a problem with some car models that makes them easy targets for theft. The issue gained widespread attention after videos on social media, such as TikTok, showed how to steal these cars using simple tools like screwdrivers and USB cables.
The main problem is that certain Kia and Hyundai models sold in the U.S. lacked an engine immobilizer. This safety feature prevents the engine from starting without the correct key, a technology that has been standard in most cars since the 1990s. Continue reading to learn about the settlement amount and how you might benefit.
Kia-Hyundai Class Action Lawsuit Settlement: $3,375
Kia and Hyundai have agreed to a settlement totaling $200 million to resolve the lawsuit. Each eligible customer will receive either $3,375 or 33% of the value for damages to their vehicle or personal property lost due to theft. Specific payment dates are still to be announced. The company will also release a software update for about 8.3 million American cars lacking proper theft protection.
Kia-Hyundai Settlement Payment Dates
Currently, there are no confirmed payment dates for the settlement. However, Kia and Hyundai have announced plans to release a software update soon, which will help protect approximately 8.3 million cars from theft. This update is part of their effort to address the increased car thefts that have been a major concern.
Kia-Hyundai Class Action Lawsuit Eligibility
You may be eligible for the settlement if you purchased one of the following Kia models while living in the U.S.:
| Model | Years |
|---|---|
| Kia Forte | 2011-2021 |
| Kia K5 | 2021-2022 |
| Kia Optima | 2011-2020 |
| Kia Rio | 2012-2021 |
| Kia Sedona | 2011-2021 |
| Kia Seltos | 2021-2022 |
| Kia Sorento | 2011-2022 |
| Kia Soul | 2020-2022 |
| Kia Sportage | 2011-2022 |
The lawsuit does not cover past or future thefts. If you have already installed a steering wheel lock or other theft protection devices, you may be eligible to receive $250 for each vehicle.
All We Know
To avoid a lengthy court battle, the parties have agreed on a settlement. This includes two types of compensation: a software upgrade and monetary payments. Not everyone will receive the software upgrade, but you can claim up to $375 for insurance deductibles and increased premiums due to theft. Additionally, you can get up to $250 for installing theft protection devices.
Owners of certain Kia models in the U.S., Puerto Rico, Guam, and the U.S. Virgin Islands can make a claim. However, not all vehicles in every state will be eligible for the software upgrade, but they can still benefit from financial compensation.
FAQ’s
What is the Kia-Hyundai class action lawsuit about?
The lawsuit involves Kia and Hyundai due to some car models lacking engine immobilizers, which made them easier to steal. New York City filed the lawsuit, and the settlement aims to compensate affected car owners.
How much compensation can I receive from the settlement?
Eligible owners can receive up to $3,375 or 33% of the value for damages or loss from theft. The exact amount depends on individual circumstances and vehicle models.
When will the settlement payments be made?
Payment dates are not yet confirmed. However, Kia and Hyundai plan to release a software update soon to help protect cars from theft, and more details about payment will be announced in the future.