Both the Dodge Charger and the iconic Jeep® Wrangler have earned their way back on the annual Residual Value Awards (RVA) from ALG, the industry benchmark for residual values and depreciation data. The ALG RVA recognizes vehicles in 27 segments that are projected to hold the highest percentage of their Manufacturer’s Suggested Retail Price (MSRP) after a three-year period, an important consideration for car buyers when assessing the total cost of ownership for a particular vehicle.
This year’s recipients have shown strong value in their competitive segments and were chosen from all 2020 model-year vehicles on sale in the United States in the Premium and Mainstream segments.
The Dodge Charger which is America’s only four-door muscle car, continued its six-year winning streak of maintaining the best residual value for full-size car buyers, according to ALG, while also expanding the Charger lineup for 2020 with the addition of the SRT Hellcat Widebody and Charger Scat Pack Widebody to its lineup.
“The Dodge Charger is somewhat of a rarity in the full-size segment with its sporty exterior, roomy interior and powerful engine at an affordable price point,” said Eric Lyman, Chief Industry Analyst at ALG, a subsidiary of TrueCar. “The Charger upholds its pack leader standing by maintaining value for consumers and winning its sixth consecutive ALG Residual Value Award.”
With the recent addition of the third-generation 3.0-liter EcoDiesel V6 to its powertrain stable, the Jeep Wrangler took home its third consecutive ALG Residual Value Award in the Off-Road Utility segment.
“With its iconic design, off-road prowess and comfort and technology features, the Jeep Wrangler continues to attract an enthusiastic customer base,” Lyman said. “Winning the ALG Residual Value Award consecutively in the Off-road Utility segment, Wrangler is demonstrating to consumers that it’s much more than just a fun car, it’s also best-in-class in its segment at holding its value.”