The J.D. Power U.S. ALG Residual Value Awards are the automotive industry standard in recognizing vehicle models projected to hold the highest percentage of their manufacturer’s suggested retail price following a three-year period of ownership.
This value retention is a key variable in the lease cost of a vehicle, underscoring an automaker’s success in the areas of long-term quality and design, as well as the overall desirability of automotive brands and their models. It is also a vital component to vehicle shoppers as it helps forecast a vehicle’s resale value once they sell or trade in the vehicle for a new one, consistently cited as an important purchase consideration by shoppers.
The 2022 results mark the eighth consecutive year that the Dodge Charger has outperformed the rest of the full-size passenger car segment. The Dodge Charger remains America’s only four-door muscle car and the 2022 lineup continues to provide the ultimate in high performance, comfort, and road-ready confidence, from the most powerful and fastest mass-produced sedan in the world – the “Demon-possessed” 797-horsepower SRT Hellcat Redeye – to V6 efficiency and all-wheel-drive (AWD) capability.
The all-new Grand Wagoneer makes an auspicious debut as it surpasses all competitors in the full-size luxury utility segment, in its first year in production. As a premium extension of the Jeep brand, Grand Wagoneer marks the rebirth of a premium American icon, with legendary capability courtesy of three available 4×4 systems, exceptional driving dynamics, powerful performance, including a best-in-class towing capability of up to 10,000 lbs., advanced technology, safety and a new level of comfort for up to eight passengers – all wrapped in a sophisticated and authentic new design culminating in an undeniable presence.
“These results bode well for our customers because residual value is a key consideration of the buying process,” said Jeff Kommor, U.S. Head of Sales, Stellantis. “We’re proud to provide customers with the confidence that their hard-earned money is well-spent.”
“Despite the challenging market, our total sales were still up through three quarters, compared with an equally challenging climate last year,” Kommor said. “This speaks loudly and clearly to the way our product line is resonating with the buying public.”