For the third consecutive year, the automotive experts at Edmunds.com have released their Best Retained Value Awards. What is "retained value," exactly? Well, according to Edmunds.com's definition, retained value is "the projected private party resale value after five years in the market and assuming 15,000 miles driven per year, express as a percentage of the True Market Value price when sold new."1 This year, Edmunds.com named the Jeep brand as the best non-luxury brand in terms of retained value.
Jeep took the non-luxury division of the awards due to its excellent projected 50.6 percent value after five years of ownership. In particular, Edmunds.com singled out the Jeep Grand Cherokee and Jeep Wrangler as two popular new Jeep models that offer impressive residual value.
As an added bonus, the 2013 Jeep Wrangler is known for its affordability, off-road ability, and fun-to-drive personality, while the new Jeep Grand Cherokee gets points for its well-trimmed and comfortable cabin, its strong and fuel-efficient engine lineup (including a new diesel V-6 engine), its wealth of tech and luxury features, and its incredible off-road ability. In short, these two models, as well as the rest of the new Jeep model lineup, offers drivers everything they're looking for.
For more information about what the new Jeep model lineup has to offer you and your family, don't hesitate to contact McKinney Dodge Ram Chrysler Jeep online or by phone. We'll be happy to answer any questions you may have and even set you up with a test drive when you're ready to take one.