FCA Vehicles Have “Highest Resale Value”

When most people buy a car, one of the biggest things they take into account is resale value. There are a handful of Fiat Chrysler Automobiles (FCA) we sell here at Landers Chrysler Dodge Jeep Ram that hold their value well, and now J.D. Power is recognizing that as well. The market research firm arguably sets the standard for vehicles when it comes to their annual Initial Quality Study and APEAL Study, and now the company is using their data to let us know which vehicles have the highest resale value. J.D. Power recently gave out their first Resale Value Awards and the Ram 3500 was recognized for having the highest resale value industry-wide.

“This marks the first time J.D. Power is utilizing our transaction database of customer insights to recognize brands and models with the best resale value,” Jonathan Banks, J.D. Power VP of Vehicle Valuations & Analytics, said in a press release. “We conducted this analysis to provide consumers with a resource that informs them of the depreciation cost they incur when purchasing a new vehicle, thus providing insight on the value of their purchase.”

The FCA vehicles given top honors are:

• Highest Resale Value Industry-wide: Ram 3500 Heavy Duty

• Highest Resale Value Midsize Sporty car segment: Dodge Challenger

• Highest Resale Value Large Car segment: Dodge Charger

• Highest Resale Value Compact SUV segment: Jeep Wrangler

In addition to these top ratings, two other FCA vehicles made the top three in their segments. The Chrysler 300 was ranked third in the Large Car segment and the Jeep Renegade tied for second in the Small SUV segment.

To come up with the list of winners, J.D. Power evaluated 244 vehicles by looking at more than 650,000 transactions and an average of 3,500 data points on each vehicle. Used vehicle wholesale prices, how much a dealer buys a used vehicle for, were taken into account. Those prices were then divided by the vehicle’s original purchase price. The calculations are based on wholesale records from January to June 2018 of vehicles for the 2015 models year.